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What else can I help you with?
What is a fixed amount of money that is excused from taxes?
Exemption
What is the dollar amount that you can make and not have to file taxes?
How much money can you make and not have to file taxes?
Do you have to make a certain amount of money to even claim it on taxes?
No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.
What term represents the amount of money the government is spending over what if is receiving in taxes?
deficit
Is net earnings the amount of money you make after taxes and other amounts that are taken out?
yes it is
What is a fixed amount of money that is excused from taxes?
Exemption
What is the dollar amount you have to make to HAVE to file taxes?
How much money can you make and not have to file taxes?
What is the maximum amount of money that can be gifted without incurring taxes?
The maximum amount of money that can be gifted without incurring taxes is 15,000 per person per year as of 2021.
Does most of the money you earn go to taxes?
No NOT the most of the amount of your gross earnings will go to taxes.
What is the dollar amount that you can make and not have to file taxes?
How much money can you make and not have to file taxes?
How much will I get back in taxes from medical expenses?
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
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.
What is Gross annual income?
Annual gross income refers to the amount of money a person makes in a year before taxes are removed. Net income refers to the amount of money made after the withdrawal of taxes.
What is the minimum amount of money a minor must earn in order to be required to file taxes?
The minimum amount of money a minor must earn in order to be required to file taxes is 12,400 for the tax year 2021.
Why do you think the president should lower the taxes?
This is definitely a debatable question! Many people think that the president should lower taxes because some people are paying too much while others are finding ways to avoid taxes. In theory this is true. However, if he does lower taxes who will pay for the things we need in our country? Taxes definitely have a purpose regardless of how the money is raised. One solution that I agree with is lowering or deleting income taxes and raising the state sales taxes. This would give the same amount of money to the government but would force people such as illegal immigrants and drug dealers to pay the same amount of taxes as other members in our society.
Where can you find real life percentages?
All banks pay or charge interest on money and this is defined in terms of a percentage of the amount being deposited or borrowed. Most shops have to add taxes to the basic prices and may also offer sales defined in terms of percentage reductions.
What is the maximum amount of money you can earn as a hobby before being required to pay taxes on your earnings?
The maximum amount of money you can earn as a hobby before being required to pay taxes on your earnings is 400 per year.
