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What kinds of deductions may someone choose to have taken out of their pay checks?
Wiki User
∙ 15y ago
Above the ones required by law to be withheld (generally taxes and FICA and unemployment, etc), you can chose any that your employer will allow...he has no obligation to provide the service.
Wiki User
∙ 15y ago
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What are the different kinds of checks?
The Different Kinds of ChecksPersonal Check· A personal check is the means for the checking account holder to pay the money. Most banks allow you to write as many checks as you want per month without a fee, but some banks set a limit on the number of checks per month and charge a fee if you exceed it. Business Check· Business owners can open business checking account and issue business checks. Business checks are similar to personal checks. The account owner pays for supplies, business expenses and payroll with business checks. Most banks charge monthly fees for business checking accounts. They can also limit the number of checks the owner can write per month. Cashier's Check· A cashier's check is a check by the bank on its own funds. The bank takes the money out of an account holder's account and issues the check from its own account. Businesses prefer cashier's checks for large purchases. Cashier's checks take less time to clear when compared with personal checks. Certified Check· A certified check is similar to a cashier's check. The bank withdraws the funds from the holder's account and places them into a separate account until the certified check clears. Some banks charge a fee for a certified check. Traveler's Check· Traveler's checks come in specific denominations and were convenient to use during trips before credit and debit cards have rendered them nearly obsolete. The bank can replace travelers checks fast if you lose them, but you need to order traveler's checks ahead of time, pay fees and get enough checks for the trip. Debit and credit cards have become a more convenient substitute for traveler's checks. Money Order· A money order is a form of a prepaid check. You can buy it at a financial institution or a post office, but you do not need to have an account there. Money orders are a convenient replacement for cash. Because you should not mail cash, you can purchase and mail a money order, which never expires. The limit on one money order is $1,000. The post office allows you to purchase up to $3,000 in money orders per day without a picture ID and charges a small fee for them.
Can you cash a check made out to a business?
Absolutely not. Checks made payable to a business may only be deposited into that businesses account. Cashing checks made payable to any business would open the door ( wide open ) for all kinds of criminal behavior. There have even been instances where an employee of a company has opened a secret account under his employers name and deposited checks into this secret account that only he or she has access to. I would assume any bank would immediately call the police if a person were to present a check made out to a business and try to cash it.
What are the three kinds of business?
Three kinds of business are:Sole properietorshipPartnershipCorporation
What are kinds of business?
there are three basic kinds of business sole proprietors,partnerships, corporation
Definition of minimum alternative tax?
Alternative Minimum Tax (AMT) Go to the IRS gov website and use the search box for Topic 556 - Alternative Minimum TaxThe tax laws provide tax benefits for certain kinds of income and allow special deductions and credits for certain kinds of expenses. The alternative minimum tax (AMT) attempts to ensure that anyone who benefits from these tax advantages pays at least a minimum amount of tax.The AMT is a separately figured tax that eliminates many deductions and credits, thus increasing tax liability for an individual who would otherwise pay less tax. The tentative minimum tax rates on ordinary income are percentages set by law. For capital gains and certain dividends, the rates in effect for the regular tax are used.You may have to pay the AMT if your taxable income for regular tax purposes plus any adjustments and preference items that apply to you are more than the AMT exemption amount.
What is a way of showing your data on Excel in a pictorial form?
In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.In Excel, you use a chart. There are various ones to choose from, suited to different kinds of data.
What kinds of of business checks do I use?
That is really up to you. It depends on who you bank with, and what forms of payments your suppliers will accept. You can also opt to use money orders or cashiers checks.
What other kinds of deductions might a person have to choose to have taken out of the pay?
Deferred compensation to be contributed to a retirement plan before being subject to federal income tax for the year. This would reduce your gross taxable wages on the W-2 form that would be in box 1 taxable income for the year.
What kinds of tax breaks and deductions are available for home based businesses?
Home based businesses are able to take a number of tax breaks and deductions. They are able to depreciate the cost of their home, claim a portion of utility expenses, and claim a portion of home improvement costs as well.
What kinds of packages do you have to choose while selecting canned and frozen vegetables?
Choose packages that are clean and solidly frozen.
How many kinds of energy are there in the universe?
That depends on how you choose to classify energy.
Where can someone purchase pet shampoo?
One can purchase a pet shampoo at any pet stores such as Petco, Pet Smart, etc. They have various kinds of shampoo for different pets so customers can choose what they need for their pets.
What kinds of distances would you choose to make measurements in millimeters and kilometers?
KILOMETERS Kilometers
What kinds of things can people choose to do or make in a market economy?
black and white people
How do you make tessellation?
there are 4 different kinds of tessellations. you can choose which type of tesselation to make.
What Kinds of things do advertisers claim will happen if you choose and use tobacco?
bronchieitus and lung cancer
What are game machines in Dizzywood?
Its a machine of different kinds of games you can play. click on it and choose a game.
