0
What two actions could you take if your expenditures were greater than your income?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does it mean to get a tax credit?
When you have a tax credit it is an amount that could possible reduce your tax liability after your income tax return is completed correctly. For income tax you can have a nonrefundable credit and a refundable credit. With the refundable credit any amount that is more than your income tax liability would refunded to you. With the nonrefundable credit the amount of the tax credit would reduce your tax liability to -0- ZERO and it could be possible that you carryover the remaining amount of nonrefundable credit to a future year.
Where can one find a debt to income ratio calculator?
There are many places where one could find a debt to income ratio calculator. One could find a debt to income ratio calculator at most websites of the major banks across the world.
How do you calculate percent of income spent in one area like housing?
You could divide that number by your total income and that should determine the percent.
What is considered a tax credit and what will reduce the taxes you owe?
When any one has a credit amount that you could possibly receive it could be a good thing for you. Tax credit is a possible amount that you could qualify for IF you meet all of the rules that have to be met for that purpose. You can have a refundable credit amount or a nonrefundable credit amount. And it could be possible that either one could reduce the amount of your federal income tax liability once your federal 1040 income tax return is completed correctly down to the last line on the 1040 income tax return.
Does a loan count as income?
Yes, I believe it would count as income in the period in which it was given. So, technically, it could make the client ineligible and they may want to delay their application.
What two actions could you take if your expenditures were consistently greater than your income?
1). Reduce your rate of expenditure. 2). Increase your rate of income.
Can you stop sinkholes?
Sinkholes could be prevented, but not without huge expenditures of money.
What if a bank approved an increase in your home equity line of credit that was not within their guidelines can you be forgiven for money used?
Of course not. You are responsible for your own expenditures. It can be assumed that you signed the mortgage as an adult and knew what you could afford to pay.Of course not. You are responsible for your own expenditures. It can be assumed that you signed the mortgage as an adult and knew what you could afford to pay.Of course not. You are responsible for your own expenditures. It can be assumed that you signed the mortgage as an adult and knew what you could afford to pay.Of course not. You are responsible for your own expenditures. It can be assumed that you signed the mortgage as an adult and knew what you could afford to pay.
Benefits of Free Income Tax Software?
It's that time of year where you make note of last year's earnings and expenditures to prepare them in order to file income taxes. You could always have your taxes filed by a tax accountant but that costs money and you can easily do it yourself with free income tax software such as that from TurboTax. This way, the only thing spent is time and you have control over your filing.
What do you pay income tax on?
Could it be your income??
Who is tragedy is greater Romeo and Juliet or Antigone and Haemon and why?
Romeo and Juliet's tragedy is greater than Antigone and Haemon's tragedy. This is because Antigone and Haemon's tragedy was fated by the gods. Romeo and Juliet's tragedy was the result of their and their families actions and could have been avoided.
How could net profit be greater than gross profit?
It is impossible for net profit to be greater than gross profit. Gross profit is the income made before any expenses. Net profit is less once all expenses have been deducted.
Opportunity cost for a local community voting to raise property taxes to increase school expenditures and to reduce class size?
to raise property taxes makes the possibility of loosing your property greater, schools will be spending more on materials and smaller classroom could mean better learning environment
Do you have to file Indiana state taxes?
This could be possible go to the state web site and find the question and answer section or use the search box WHO MUST FILE A INDIVIDUAL INCOME TAX RETURNYou must file an Indiana individual income tax return if:You lived in Indiana and received income greater than your exemptions, orYou lived outside Indiana and received income from Indiana.Click on the below Related Link
What does it mean to get a tax credit?
When you have a tax credit it is an amount that could possible reduce your tax liability after your income tax return is completed correctly. For income tax you can have a nonrefundable credit and a refundable credit. With the refundable credit any amount that is more than your income tax liability would refunded to you. With the nonrefundable credit the amount of the tax credit would reduce your tax liability to -0- ZERO and it could be possible that you carryover the remaining amount of nonrefundable credit to a future year.
Why did he believe his actions were important?
If you mentioned who he is, you could get answer.
Do you have to file taxes on retirement?
Yes and it is very possible that some of the retirement income could be taxable income on your income tax return.
