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When you have earned income but will get paid in the future rather than upon earning it.
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∙ 12y ago
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Who impose the ceiling in tax deffered in annuity?
IRS
What is the meaning of a self certificate mortgage?
Simply put, a self certificate mortgage is a mortgage granted on an employee's statement of income as opposed to their employer's or accountant's statement of income.
What is the meaning of debit balace in income and expenditure account?
Debit Balance- means outstanding balance, meaning you need to pay it! Credit Balance- means you have over paid.
What is the meaning of dividends?
The meaning of a dividend is a certain amount of money paid to an account on a regular basis. This can be payment to creditors, payment from stocks, bonds or any source of income.
Are there any annuities backed by fdic?
No. But most variable annuities and fixed deffered annuities are backed by the State Gurantee Association, which is a government agency similar to the fdic
With respect to prepaid income from services is the treatment of prepaid income the same for tax and financial accounting?
No - for financial accounting it is treated as deffered income (included in income when earned) and for tax perposes it is income in the year received.
What is defering?
Deffered Tax is the amount the payment of which you delayed to pay in future. There are many reasons for deffered taxation. There are so many expanses and incomes which are not allowed by taxation department of Government but we enter as income and expenses in our financial statements because in accounting they are allowed as income or expense and that's why in the end the net income calculated by company and tax department is rearely reconsile due to problems mentioned above and due to that tax calculated by company is different the tax calculated by tax departments that's why deffered taxation is use to adjust tax between entity and tax department.
What is deferred tax?
Deffered Tax is the amount the payment of which you delayed to pay in future. There are many reasons for deffered taxation. There are so many expanses and incomes which are not allowed by taxation department of Government but we enter as income and expenses in our financial statements because in accounting they are allowed as income or expense and that's why in the end the net income calculated by company and tax department is rearely reconsile due to problems mentioned above and due to that tax calculated by company is different the tax calculated by tax departments that's why deffered taxation is use to adjust tax between entity and tax department.
Is deferred tax a current liability?
Yes deffered tax liability is created due to difference in taxable income as well as actual income which needs to be adjusted in next fiscal year as it is for only one year that;s why it is current liability.
Is deferred liability a current liability?
Yes deffered tax liability is created due to difference in taxable income as well as actual income which needs to be adjusted in next fiscal year as it is for only one year that;s why it is current liability.
How good is allianz variable annuity?
The Allianz variable annuity is good for anyone wanting to prepare for their future or protect their retirement. A Allianz annuity is great for market growth and deffered taxable income.
How do you pronounce the word deffered?
The word "deferred" is pronounced as duh-furd.
What is the meaning of deemed income?
deemed income
What is preliminary expenses in final accounts?
It is deffered cost
Is deffered tax liability your current liability?
yes
Who impose the ceiling in tax deffered in annuity?
IRS
What is the opposite meaning of income?
Some examples of words with the opposite meaning ("antonyms") as income are:expenditure (or expenses)spendingoutgocostsbills
