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It is the special circumstances that reduce a person's federal tax bill.

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13y ago

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Which of these is a description of allowances?

special circumstances that reduce a persons federal tax bill


Allowances for sbi award staff?

allowances during transfer


What is claiming certain allowances?

People claim certain allowances called benefits.


What is sales returns and allowances classified as?

An income account. Debit Returns & Allowances, Credit Cash.


What kind of an account are sales return and allowances?

Sales Returns and Allowances is a contra income account.


What all benefits or allowances is a director of private limited firm allowed?

1.House rent 2.medical 3.conveyance 4.helper allowances 5.Academic allowances


What is the journal entry for sales returns and allowances?

Debit: Sales Returns & Allowances Credit: Accounts Receivable :)


Is a sales return and allowances a liability?

Sales returns and allowances is not a liability rather these are expenses or reduction in actual sales


What number of allowances should I claim on my taxes?

The number of allowances you should claim on your taxes depends on your personal situation. Generally, the more allowances you claim, the less tax will be withheld from your paycheck. It's important to consider factors like your income, marital status, and dependents when deciding how many allowances to claim. You can use the IRS withholding calculator to help determine the right number of allowances for your situation.


A general guide to the amount of nutrients needed daily?

RDA (Recommended Daily Allowances)


What are the recommended daily allowances based on a 1500 calorie diet?

What are the recommended daily allowances based on a 1500 calorie diet


The Sales Returns and Allowances account is classified as a?

Sales Returns and Allowances are contra revenue accounts because they reduce that total amount of sales. [Sales-Sales returns and allowances=Net sales]. They are reported on the income statement.

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