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What tax as income increase the amount of income tax also increase?
Wiki User
∙ 11y ago
progressive
Wiki User
∙ 11y ago
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What Taxes that increase in proportion to income?
A proportional tax is a tax imposed so that the tax rate is fixed as the amount subject to taxation, or know income increases.
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
Who should be paid first Maine State Income Tax or Maine Federal Income Taxes?
You have only the Federal income tax return and Maine state income tax return. The due date for the Federal income tax return and amount due is April 15 2010. The Maine state income tax return and any amount that is due is also April 15 2010.
What is a federal tax allowance?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
With this tax as income increase the amount of income tax also increase?
progressive
Does an increase in the income tax rate increase the break even point?
No, an increase in the tax rate only affects a positive income; at break even there is no amount to tax
How does an increase in income tax rate effect the breakeven point?
No, an increase in the tax rate only affects a positive income; at break even there is no amount to tax
With this tax as income increases the amount of income tax also increases.?
progressive
What Taxes that increase in proportion to income?
A proportional tax is a tax imposed so that the tax rate is fixed as the amount subject to taxation, or know income increases.
Added 2200 to your medical expense deduction and refund did not increase?
The 2200 amount that was added as a medical expense deduction on the schedule A itemized deduction of the 1040 federal income tax return did NOT INCREASE your itemized deductions amount enough to reduce your taxable income amount on page 2 line 43 of the 2009 1040 income tax return. So it did not reduce your income tax liability amount that is on page 2 line 44 and that would be the reason that you did not have any INCREASE in your refund amount.
How do you determine after tax?
Take your taxable income and subtract your income tax amount that the IRS gets from you and the amount would be your after income tax amount.
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
How will an income tax worksheet benefit your construction business?
Having an income tax worksheet can benefit your construction business in multiple ways. It can increase the amount of deductions that may be available to you. It can also decrease errors, and cause less stress during tax time.
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
How does federal income tax influence staffing?
Federal income tax can increase staffing due to the need of a write off. Federal income tax can also encourage staffing limitations due to the employers tax.
Do you need to pay tax for the interest received on the principle amount received by the court in the case of accidental claim?
YES the interest income will have to be reported on your 1040 federal income tax return along with all of your other gross worldwide income and would be subject to income tax at your marginal tax rate. And it is also possible that some of the settlement amount could also be taxable income to you.
