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Where does your federal tax money go?

over half of the money collected for federal taxes are used to pay on the national debt. the rest? who knows? watch America freedom to facism by aaron russo.


Are state and federal taxes taken out of your paycheck in the state of Georgia?

Yes. Of course. Why would you possibly think the State you live in has any control over federal, or even more, that it wouldn't want the money on it's own state taxes collected?


Can a third party purchase a credit debt in Texas that is charged off and aged over 10 years?

Texas SOL under TCPRC (section 16.004(a)(3)) is 4 years. The debt could not be collected. The exception being a renewable judgment that was granted.


When estimating the bad debt expense why do you have to create the contra asset account allowance for bad debts why cant you just credit the accounts recivable account?

Since bad debt expense is just an estimate, it is possible that the entire A/R will be collected. Therfore, you still need a record of the gross amount. The expense simply creates and allowance/reserve against it. Also, it gives users of financial statements more information when they can see the gross recievables and how much is not expected to be collected. It can be compared over time, with other companies, etc.


What should happen to an over recovery on a sundry account?

An over-recovery on a sundry account typically indicates that more funds were collected than necessary for expenses. This surplus should be investigated to determine its cause, and any necessary adjustments should be made to the account. Depending on company policy, the over-recovery may be refunded to the appropriate party, applied to future expenses, or allocated to a reserve fund. Proper documentation and communication with relevant stakeholders are essential to ensure transparency and accountability.

Related Questions

What is the purpose of the bridge pillars in supporting the structure of a bridge?

The purpose of bridge pillars is to provide support and distribute the weight of the bridge evenly, helping to prevent the bridge from collapsing under its own weight or the weight of vehicles passing over it.


What is statical l oad?

A weight/load that does not move. For example, on a bridge, if there is a statue on the bridge, that would be considered a static load. A dynamic load is one that moves, such as cars passing over the bridge.


How is chlorine collected?

Chlorine gas is typically collected by passing air or oxygen over molten sodium chloride (table salt) in a process called electrolysis. The chlorine gas is then extracted from the mixture and collected in a separate containment vessel.


How much can the golden gate bridge hold?

The Golden Gate Bridge has an average of 120,000 cars and trucks passing over it every day. The bridge can, if necessary, stand a load of around 22,000 tons.


When was Over Bridge created?

Over Bridge was created in 1828.


Who lives under the bridge?

Trolls are often associated with living under bridges in folklore and fairy tales. They are sometimes depicted as large, ugly creatures who demand tolls from those passing over their bridge.


Are bridge always over water?

Not always, for a bridge may be over a road.


When was The Bridge Is Over created?

The Bridge Is Over was created on 1987-03-03.


When was Cross Over the Bridge created?

Cross Over the Bridge was created in 1945.


Can you walk over the Queensboro Bridge"?

Yes, you can walk over the Queensboro Bridge.


What type of vehicle cannot travel over a suspension bridge?

What kind of bridge cannot travel over a suspension bridge.


How can I use the collecting gas over water calculator to determine the amount of gas collected over water?

To use the collecting gas over water calculator to determine the amount of gas collected over water, you need to input the volume of gas collected and the temperature and pressure of the gas. The calculator will then calculate the amount of gas collected over water based on these inputs.