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Why would the bank want to know the person's income before granting a loan?
Wiki User
∙ 13y ago
They would want to know how much you make, so that they can figure out if you'll be able to pay it back or not.
Wiki User
∙ 13y ago
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Is Rent received on a two-bedroom apartment considered to be GDP?
Any increase or decrease inÊa persons income is included on the GDP. The rent on a two-bedroom apartment is an increase in income and would be included.
What is bond washing transaction?
A bond-washing transaction is a transaction where securities are sold sometime before the due date of interest and reacquired after the due date is over. This practice is adopted by persons in the higher income group to avoid tax by transferring the securities to their relatives/friends in the lower income group just before the due date of payment of interest. In such a case, interest would be taxable in the hands of the transferee, who is the legal owner of securities.
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
If someone moves in your house and you move out and they pay your mortgage is this considered income and do you have to pay taxes on it?
Yes you would have some rental income that you would be required to report on your income tax return.
What is the main source of income for childcare centers?
The only source of income for childcare centers would be from their only source of income...clients.
Why would the bank want to know the persons income before granting a loan?
They would want to know how much you make, so that they can figure out if you'll be able to pay it back or not.
What kind of tax is paid on a persons salary?
That would be income tax
Is gross income before or after taxes?
Gross income is an individual’s total pay before taxes or other deductions. So, for example, if your monthly income is $3,000 but you only receive $2,000 take-home pay, your net income would be $2,000 while your gross income would be $3,000.
Is annual income calculated before or after taxes?
Annual gross taxable income and your adjusted gross income amount of worldwide income would be calculated before taxes.
What is negative income tax plans?
A negative income tax is a tax system that collects revenue from high income persons and gives transfers to low income persons. This kind of tax system, referred to as a progressive income tax on the rich would be used to subsidize and/or provide a negative tax to low income groups.Poor people groups would not have to demonstrate need beyond simply being poor. Thus, this would not be a means to subsidize the break up of families or illegitimate births. But it would subsidize those who on purpose under produce.
What was the technical term for granting a slave freedom in Roman times?
The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".The Latin word for granting a slave's freedom was/is "manumissio". In English it would be "manumission".
What Is income after taxes are taken out?
Before tax income is all of your gross worldwide income added together and that amount would be your before tax income. After tax income will the amount that you will have left after you complete your income tax returns completely and correctly down to to last lines on your income tax return and paid any taxes that may have been owed. Then the amount that you have left would be your AFTER TAX INCOME AMOUNT.
Is Rent received on a two-bedroom apartment considered to be GDP?
Any increase or decrease inÊa persons income is included on the GDP. The rent on a two-bedroom apartment is an increase in income and would be included.
Did Barney Frank receive Medicaid?
Medicaid is for persons with limited income and resources. Accordingly, it is inconceivable that Rep. Frank would be eligible for this program.
What is the difference between Gross Income and Net Income as it is applied to the typical worker?
Gross income usually is the money someone or something has earned before any deductions such as taxes, expenses, or promotion has been deducted. If you are receiving money after such expenses have been deducted, you are receiving money based on NET income.
what do my dog look like?
This question has different answers like if you have seen the persons dog before/they have shown it to you than you would know what it looks like but if you have never sent the persons dog before than you wouldn’t know. So the answer to this question varies.
What is bond washing transaction?
A bond-washing transaction is a transaction where securities are sold sometime before the due date of interest and reacquired after the due date is over. This practice is adopted by persons in the higher income group to avoid tax by transferring the securities to their relatives/friends in the lower income group just before the due date of payment of interest. In such a case, interest would be taxable in the hands of the transferee, who is the legal owner of securities.
