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What does it mean when government spending exceeds tax collections?
If more money is spent than earned or taken in then the person or government is broke and have no money. No taxes=no money for services.
How much money will be taken out of your paycheck in PA for taxes?
It will be about $1,259 for taxes $2.45.
Money taken out of a salary for such things as taxes medical insurance and retirement funds are called?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
Which term can be used to describe money that is earned by government when it levies taxes?
revenue.
What terms can be used to describe money that is earned by government when it levies taxes?
revenue
What does it mean when government spending exceeds tax collections?
If more money is spent than earned or taken in then the person or government is broke and have no money. No taxes=no money for services.
How much money will be taken out of your paycheck in PA for taxes?
It will be about $1,259 for taxes $2.45.
Money taken out of a salary for such things as taxes Medical insuranceand retirement funds are called?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
What is money earned before taxes are taken out?
gross incomer
Money taken out of a salary for such things as taxes medical insurance and retirement funds are called?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
How much would you make per week at 17 dollars per hour after taxes?
The amount of money a person makes when making $17.00 an hour, will depend on how many hours a person works. The amount of taxes that are taken out will depend on the state.
What can be used to describe money that is earned by government when it levies taxes?
revenue
How can I contribute money to my IRA before taxes are taken out?
You can contribute money to your IRA before taxes are taken out by making a traditional IRA contribution. This means you can deduct the amount you contribute from your taxable income, reducing the amount of income that is subject to taxes.
How much money is taken out of your paycheck for taxes if you are married in Florida?
31% for taxes and 2% for your pension/401k
Which term can be used to describe money that is earned by government when it levies taxes?
revenue.
What terms can be used to describe money that is earned by government when it levies taxes?
revenue
What is the difference between contributing to a 401k before tax versus after tax?
Contributing to a 401k before tax means the money is taken out of your paycheck before taxes are deducted, reducing your taxable income. Contributing after tax means the money is taken out after taxes are deducted, so you pay taxes on that money now but may not have to pay taxes on it when you withdraw it in retirement.
