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What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
Can a pensioner get income tax rebate on his paid house rent?
Rent has no effect on income tax
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
Does enumeration affect the income tax levied on?
Because of the sixteenth amendment, enumeration does not affect the U.S. federal tax rates. However, individual states may allow for variations on their tax due to enumeration.
Does enumeration affect the income tax levied on persons in the various states?
Yes
Does the enumeration affect the income tax levied on persons in the various states?
true, for the vice president for the president the house votes
What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
Does enumeration affect the income tax levied on citizens in various states?
Enumeration is required by the Constitution for direct taxes:From Article I, Section 9:No capitation, or other direct, tax shall be laid, unless in proportion to the census or enumeration herein before directed to be taken.(http://www.law.cornell.edu/constitution/constitution.articlei.html)The 16th Amendment removes this requirement:The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration.(http://www.law.cornell.edu/constitution/constitution.amendmentxvi.html)So it seems clear that enumeration does not affect the income tax.
Can a pensioner get income tax rebate on his paid house rent?
Rent has no effect on income tax
How does an increase in income tax rate effect the breakeven point?
No, an increase in the tax rate only affects a positive income; at break even there is no amount to tax
What federal tax was first put into effect during the civil war?
federal income tax
How will unemployment effect your tax refund?
Unemployment can affect your tax refund in a couple of ways. If you received unemployment benefits during the year, those benefits are generally taxable income, which could increase your overall tax liability and potentially reduce your refund. Additionally, if you had less income throughout the year, you might qualify for certain tax credits, like the Earned Income Tax Credit, which could increase your refund. Ultimately, the net effect depends on your total income and tax situation for the year.
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
