answersLogoWhite

0

You will have to complete your income tax return correctly to get the correct numbers that you want.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What income tax do you pay on 9600?

How much federal income tax is paid on $9600.00


Is income tax a current liability or an expense?

Accrued income tax (Income Tax Payable) is a current liability. When the tax is actually paid it is reported on the income statement as Income Tax Expense.


How much percent income tax is paid by Mumbai in India?

40%


What is the income tax on 5000 dollar?

800


Do you have to file a tax return if you are collecting social security disabilitybenefits?

yes, no income stands alone. So it is reported as income, but you may not have to pay taxes on it, it depends on how much total income you have and then how much taxes you have paid. Benefits can be paid with no tax withheld or with tax withheld, it's your choice. It all depends on how much income you make.


How much taxes are to be paid on 200000?

In India, there is no tax to be paid for income upto Rs 200 000.


Can you treat tax as expenses?

Tax is an expense on financial statements. However, income tax is an expense of the year in which the income was earned, not the year the tax is paid. For instance, income tax paid in 2013 for income earned in 2012 is an expense for 2012. You do not deduct as a 2013 expense the income tax paid in 2013 for earnings in 2012.


Are free income tax estimators as good as paid estimators?

Yes, a free income tax estimator can be as good as a paid income tax estimator. A tax estimator just allows you to have an estimate of your tax return.


How much is tax worth?

A tax paid for income taxes is a percentage of total income. Tax varies by how much income a person has. Tax is also paid on items sold in many states. The buyer pays a percentage on average of 7% on purchases. Gasoline, cigarettes, and liquor are taxed differently. Groceries are taxed in some states and not in others.


What was the highest percentage income tax being paid in 1918?

What was the highest percentage income tax being paid in 1918


Why the US personal income tax is considered a progressive tax?

As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.


What is the meaning of gross income tax?

This means that Income tax is ucky and shouldn't have to be paid.