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What are the four requirements needed for an amount to be regarded as gross income?
For an amount to be regarded as gross income, it must meet the following four requirements: it must be received in a form that is realizable, such as cash or property; it should be derived from a source that is not exempt from taxation; it should result from an economic benefit or gain; and it must be legally recognized as income under applicable tax laws. These conditions ensure that the income is both tangible and subject to taxation.
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What are the requirements to become an accountant?
what are the requirements needed to become and accountant
What is the yearly minimum income of a BUSINESS needed to pay income taxes?
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What is th minimum yearly income needed to pay income tax in Texas?
Texas has NO state income tax
What is the amount of Gladys' earned income credit in the Payments section on Form 1040?
Gladys would be the only one that would have all of the necessary information available that WILL BE NEEDED to even start filling out her 1040 federal income tax correctly. She will NOT know the correct amounts until she complete her 1040 federal income tax return correctly. Her filing status, her age and how she made all of her gross worldwide income amount and if she had any sources of earned income (pay that she worked for) that has to reported on her 1040 income tax return and all of her other information that is required to be entered correctly on each line of her 1040 income tax return will all be a part of the necessary information that she would know and will have enter on her income tax return correctly to arrive at the correct answer of how much she might possible get back as a REFUND AMOUNT after her income tax return is completely correctly. If it is qualifying earned income and she is NOT a dependent on another taxpayer's income tax return. IF she meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 she WILL NOT KNOW the amounts until she has completed her 1040 federal income tax return correctly. When she get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then she will know how much her refund amount should be. If the amount is ZERO -0- and then she has an amount on line 75 AMOUNT YOU OWE.
How much income tax should you get back if you made 5000 this year?
You are the only one that would have all of the necessary information available that WILL BE NEEDED to even start filling out your 1040 federal income tax correctly. You will NOT know the correct amounts until you complete your 1040 federal income tax return correctly. Your filing status, your age and how you made all of your gross worldwide income amount and if you had any sources of earned income (pay that you worked for) that has to reported on your 1040 income tax return and all of your other information that is required to entered correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT after your income tax return is completely correctly. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly. When you get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then you will know how much your refund amount should be. If the amount is ZERO -0- and then you have an amount on line 75 AMOUNT YOU OWE
What kind of safety requirements are needed for electric fireplaces?
A certain amount of power supply is needed. It is best to look up the requirements for the brand of electric fireplace that is needed. That is what is suggested.
What are the requirements needed in order to receive a loan from Payday Loans Yes?
The requirements needed in order to receive a loan from Payday Loans includes a government issued photo identification card along with proof of income. The proof of income can be a pay stub or a copy of your banking history.
How do I figure the amount of retirment income I need?
Retirement income is usually estimated as a percentage of your income from your working years. Normally 80% of your income is needed to maintain your standard of living
Are closing adjustments needed for the balance sheet?
Yes, closing adjustments are needed for the balance sheet because they increase retained earnings (in stockholders' equity) by the amount of net income or decrease it by the amount of net loss. They also decrease retained earnings by the amount of any dividends declared. Closing adjustments affect the income statement by reducing all income statement accounts to zero.
What is the minimum amount of needed to run windows 7?
See the related link to a similar question - for the system requirements.
What income levels are needed to get Private School loans?
Many school loans don't have income requirements. This is because many students are not working. You generally don't need an income level to get a Private School loan but you do on the otherhand need a cosigner to get the loan approved.
What are the requirements needed to apply for a job as as adjunct professor?
What are the requirements needed to apply for a job?
What are some income and age requirements for HUD reverse mortgages?
Age requirements depend on your state and the current mortgage you have. There are more requirements that are needed to meet in regards to income and the value of your home. There is no discriminatory on seniors or race. Problems do arise if the borrower decides to sell, move or dies after signing papers for a HUD reverse mortgage. There are some downsides to going this route but is a good choice for many.
Is it needed to file income tax returns if the refundable amount is zero?
yes, unless you are over 65-70? years old. The amount you pay, or not, or even get refunded is irrelevant to the filing requirement. It is based on the amount of income. Also, even if you don't have to file, or especially if you don't have to, there are very good reasons to do so.
What are compensating variation and equivalent variation curves?
Compensating variation and equivalent variation curves show the relationship between changes in income and the associated changes in consumer surplus. Compensating variation measures the amount of income needed to keep a consumer at the same utility level after a price change, while equivalent variation measures the amount of income needed to achieve the same utility level as before the price change. These curves help analyze the welfare impact of price or income changes on consumers.
How do you know that the software program will work on your computer?
If you have the software, it will give you a list of system requirements that it needs to work. That will include things like the amount of memory needed, the operating systems it will work on, the amount of storage space needed and details of some other settings. If your computer meets all of those requirements and as long as there are no other problems with your computer, then the software should run on it.
What are the requirements to become an accountant?
what are the requirements needed to become and accountant
