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Q: Why is that no deduction are allowed of compensation earners?
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What will be the medicare deduction in 2013?

The Medicare deduction in 2013 was 1.45% of an individual's wages or self-employment income. For high-income earners, an additional 0.9% was added for income over certain thresholds.


Can you claim someone receiving workman's compensation?

Workmen's comp does not necessarily eliminate someone as a claimed deduction.


What is an allowable compensation deduction?

In many business situations, the amount of executive salary (or partnership salary) that is deductibel is restricted for tax purposes.


Is deferred compensation considered earned income for IRA contribution limits?

Unfortunately Deferred Compensation is not considered earned income for IRA deduction limits. See IRS publication 590, page 7, table 1-1. Here it specifically has Def Comp plans listed in the column of income NOT included when figuring your IRA deduction.


If any expenses have been recovered which were allowed as deduction will be taxes as business income?

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What is the maximum deduction percentage allowed for a Colorado Notice of Attachment of Earnings?

Up to 50% Net disposable


What kind of workers was allowed to join the union American federation of labor?

The Knights welcomed all wage earners of former wage earners including women; they excluded only bankers, doctors, lawyers,stockbrokers, professional gamblers and liquor dealers.


What are the top 10 wage earners in the world?

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Annual value of house property and deduction allowed there for?

According to average statistics, the annual value of a house property is around $80,000. This, however, is for middle class or slightly upper median homes. The deduction allowed is around $4,000 per year. This, however, depends on exactly what you are deducting and writing off of the house.


Can your husband claim you as a dependent on your tax return?

A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself. A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself. A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself.


Can a business use workmens comp for a tax deduction?

The workman's compensation is not obligated to the federal or state tax deductions. The business can use the workman's comp given out as a tax deduction and the individual can only attempt a tax deduction if payment has been held for an extended period of time.


What is the daily deduction allowed for meals?

3 silly! Apart from the snacks in between you have breakfast, lunch and dinner! Use your flipping brain!