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Why do you think people below the poverty level do not pay any income tax?
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What term describes an income level below that which is needed to support a family or a household?
Poverty threshold
What does income level mean?
what does income level mean?
What is income level?
i dont know! (: hahahaha
Can dependents file taxes?
Yes. The IRS has income guidelines for determining whether dependents are required to file their own tax returns. Generally, for 2008 income, dependents are required to file if single under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
In my tax return do I give my total net income or total gross income?
Most of your income is taxable on the gross income level. Some items are excluded from taxable gross income (such as pretax deductions from your paycheck for child care or medical expenses). Wage earners will enter the income in box 1 of their Form W-2 which is their taxable gross income. Other types of income are taxable at the net income level. If you have your own business, you can deduct business expenses from your gross income before adding the net income to your tax return. If you own a partnership, business expenses are deducted from gross income.
What is the poverty threshold?
The "poverty line" is the level of income that separates the people who live in poverty from everyone else. It is not an official line and no specific income has been established as the "poverty line". It is an expression used in conversation to replace the lengthy expression "the level of income that separates poor people from people who are not poor".
What is the poverty line?
The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. People who have an income below the poverty line for the nation's cities was 578.
What income range is considered below poverty level?
probably income under 13,000 per year
Will people below the poverty level get a tax break on the fair tax?
I would imagine that people below the poverty level will get a tax decrease.
At what level are people considered to be low-income?
You are considered low income if you make more than the poverty level, but less than 150% of the poverty level. This also depends on where you live, and how many dependents you have. For a family of four in the United States in 2014, the poverty line is $23,850. If your household income is more than that, but less than $35,775, you are considered low income.
What is an income level called that is below what is needed to support families or housesholds?
poverty threshold
What is the median income for KY?
I got this information from http://projects.washingtonpost.com/elections/keyraces/census/ky Here is a chart of median income for Kentucky and for the whole U.S:KentuckyNationalMedian Household Income: $40,267Per capita Income: $21,951Male full-time, year round, workers median income:$39,920Female full-time, year round, workers median income:$29,957Families below poverty level: 13.2%Individuals below poverty level: 17.3%Median Household Income: $41,994Per capita Income: $21,587Male full-time, year round, workers median income:$37,057Female full-time, year round, workers median income:$27,194Families below poverty level: 9.2%Individuals below poverty level: 12.4%
What term describes an income level below that which is needed to support a family or a household?
Poverty threshold
What income is considered poverty level for a family of 3 in BC Canada?
An income that is not the same as that of a government union worker is at the poverty level
What Distinguishes the poverty rate from the poverty level?
Poverty rate is simply the number of people who have a low income, whereas poverty level or poverty threshold is the minimum level of income deemed necessary to achieve an adequate standard of living in a given country. Persay your country said the standard of living should only cost $100 a month, if you made $105 a month then you would be apart of the poverty rate, because you qualify within that adequate standard of living, whereas people who could only make $75 a month would be below the poverty level because they could not live within the means of the adequate standard of living.
What is condiderd poverty?
Some places in the USA it is below $60,000.00 a year. If you make less than $20,000.00 a year you are below mid income level.
What is the minimum level of income possible before poverty becomes life threatening?
Absolute poverty is the minimum level of income possible before poverty becomes life threatening.
