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Taxes can be classified into two main categories based on the determination of amount: fixed taxes and variable taxes. Fixed taxes are set amounts that do not change with the taxpayer's income or circumstances, such as certain property taxes. In contrast, variable taxes, like income taxes, fluctuate based on the taxpayer's earnings and financial situation, meaning the amount owed can vary significantly from one individual to another. This classification helps in understanding how tax burdens are assessed and the equity of the tax system.
What else can I help you with?
What is base tax amount for high tax bracket?
what is base tax amount for high tax bracket for 2008?
What is the meaning of net of regarding contributions for tax purposes?
Net = Amount after tax is deducted (Amount minus tax) Gross = Amount before any tax is deducted
What is the tax amount of 16900.00?
To determine the tax amount on $16,900.00, you need to know the applicable tax rate. For example, if the tax rate is 10%, the tax amount would be $1,690.00 (calculated as $16,900.00 × 0.10). If the tax rate differs, simply multiply $16,900.00 by that rate to find the tax amount.
What is the tax based on the amount of money earned?
Income Tax is a tax based on the amount of money earned.
How can you find the sales tax amount from the total including tax?
Tax = Total Amount - (Total Amount / (1 + Tax Rate))Example: Total including tax is $2.14 and the tax rate is 7% (0.07).The base amount -- or purchase price -- is $2.14 divided by 1.07, or $2.00.The tax is 2.14 - (2.14/1.07) = $0.14
How do i find the pretax amount if i have the tax percentage and the amount of tax collected?
To find the pretax amount when you have the tax percentage and the amount of tax collected, you can use the formula: Pretax Amount = Tax Collected / (Tax Percentage / 100). First, convert the tax percentage into a decimal by dividing it by 100, then divide the tax collected by this decimal. This calculation will give you the pretax amount before tax was added.
How much is 20.75 plus 9.25 percent tax?
To find the total amount including tax, you need to add the tax amount to the original amount. To calculate the tax amount, multiply the original amount by the tax rate (9.25% or 0.0925). Then, add the tax amount to the original amount. In this case, 20.75 + (20.75 * 0.0925) = 22.695375.
What is base tax amount for high tax bracket?
what is base tax amount for high tax bracket for 2008?
What is the meaning of net of regarding contributions for tax purposes?
Net = Amount after tax is deducted (Amount minus tax) Gross = Amount before any tax is deducted
What is the tax amount for wet 'n' wild?
The tax amount is $2.15!
What is the tax amount of 16900.00?
To determine the tax amount on $16,900.00, you need to know the applicable tax rate. For example, if the tax rate is 10%, the tax amount would be $1,690.00 (calculated as $16,900.00 × 0.10). If the tax rate differs, simply multiply $16,900.00 by that rate to find the tax amount.
What is the tax based on the amount of money earned?
Income Tax is a tax based on the amount of money earned.
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.
How can you find the sales tax amount from the total including tax?
Tax = Total Amount - (Total Amount / (1 + Tax Rate))Example: Total including tax is $2.14 and the tax rate is 7% (0.07).The base amount -- or purchase price -- is $2.14 divided by 1.07, or $2.00.The tax is 2.14 - (2.14/1.07) = $0.14
How to calculate the sales tax rate?
Amount x Tax Rate % = (finds out the amount of tax) or Amount x .__ (tax rate, if it is 7 you would put .07) = (amount of tax) To determine the sales tax rate you would have to contact the locality you live in because the rate can vary from town to town.
Is your federal tax bracket your average tax rate?
No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.
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
