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What tax based on the amount of money earned?
The tax based on the amount of money earned is known as income tax. It is typically calculated as a percentage of an individual's or entity's earnings, with rates often increasing progressively as income rises. Income tax can vary significantly by jurisdiction, including federal, state, and local levels, and may include deductions and credits that can reduce the overall tax liability.
How much tax is on 105000?
The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.
What is the amount of money you need to make to get a W-2 Tax Form?
There is no minimum....any amount earned as an employee is subject to this reporting.
What is the earned income tax credit for tax year 2009?
The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $48,279. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.Go to the IRS gov website and use the search box for Publication 596 (2009), Earned Income Credit (EIC)
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
What is a social security tax of a singer?
The tax is based on the amount of money earned so it depends on what the person earns.
How much tax is on 105000?
The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.
Can you deduct the amount of money you pay for child support from your earned income?
not for tax purposes
What is the amount of money you need to make to get a W-2 Tax Form?
There is no minimum....any amount earned as an employee is subject to this reporting.
an amount of money paid to the government based on a person's earnings?
income tax
What are the tax implications for individuals living in the United States?
Individuals living in the United States are subject to various taxes, including income tax, property tax, and sales tax. Income tax is based on the amount of money earned, while property tax is based on the value of owned property. Sales tax is a percentage added to the price of goods and services purchased. Tax implications can vary based on factors such as income level, deductions, and credits. It is important for individuals to understand and comply with tax laws to avoid penalties.
What is the earned income tax credit for tax year 2009?
The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $48,279. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.Go to the IRS gov website and use the search box for Publication 596 (2009), Earned Income Credit (EIC)
Is inheritance income taxable?
money that has been inherited has already been assessed for inheritance tax based on the amount left in the deceased estate. Once you have inherited the money you are not liable for inheritance tax.
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
What is an example sentence of for the word income tax?
Citizens and corporations must pay income tax on all earned money, even if it is earned overseas.
What happens when there is a tax reduction?
We keep more of the money we earned. When does this happen?
What is the total amount of other earned income reported on line 1h of your tax return?
The total amount of other earned income reported on line 1h of your tax return is the sum of all income earned from sources other than wages or salaries.
