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it is used to fund government operations and to run the country.

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15y ago

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Where can I get an income tax chart?

You can get an income tax chart online. You can go to www.themoneyalert.com/Tax-Tables.html or www.bargaineering.com/articles/federal-income-irs-tax-brackets.html.


Where can I find out about income tax?

Income tax is a tax levied on the income of individuals and/or businesses. To find out more go to http://en.wikipedia.org/wiki/Income_tax


Does income tax money go to the federal reserve?

Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.


Which online income tax course would better prepare me to file this year's income tax return?

Turbo tax offers good online income tax course would better prepare you to file this year's income tax return. Just go to turbotax.com


How do you file state tax?

You can go to your state income tax department web site and may be able to file your state income tax return online.


CanI receive income tax with 2 kids and no income?

No. As the name implies, income tax and any credits that may go with it is based on some form of income, and in most cases, earned income.


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 is the tax rates applied to additional income called?

On your federal 1040 income tax return on your TAXABLE INCOME after your income tax return is completed correctly to line 43 TAXABLE INCOME page 2 of the 1040 tax form would be your marginal tax rate Bracket. Go to the IRS gov website and use the search box for 1040ES go t0 page 8 for the TAXABLE INCOME BRACKET AMOUNTS FOR YOUR FILING STATUS.


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.


What is an income tax worksheet?

An income tax worksheet is a piece of paper that helps you go through doing your federal and state income taxes. It will tell you whether or not you ge a refund.


What is the accounting entry for Income Tax?

Account entry for income tax is a tax that you have to pay when you go in a store or a restaurant in Canada. http://chinese.com/ = this is the website where can you check the answer to make sure