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Which of these is a description of allowances?

special circumstances that reduce a persons federal tax bill


Can you deduct money you gave your sons as a gift?

Not only can you not deduct it, you might be required to pay a special "gift tax" on it.You can deduct money given to certain types of charities, but anything earmarked for a particular person cannot be deducted.


What IS A section 80U under income tax?

Income tax law gives a special deduction to the persons who suffer from some kind of disability. This comes under section 80U of income tax act in which the persons who are suffering from some kind of or total disability has the special relief in income tax act.The deduction provided is flat Rs. 50,000, irrespective of the expense incurred if the disability is at least 40%. If the disability is severe (80% or more), the deduction can be up to Rs. 1 lakh. One needs to provide a copy of all the certificates issued by a medical authority in order to avail this benefit. A point to remember that, if the disability is less than 40%, this section cannot be used for Tax Exemptions


What are fixed direct costs?

Direct cost are cost which can be directly related to or identified with a particular product or department e.g materials used to make a product, but they could be fixed . Example if their are three computer production lines a special machine is required needed for only one of the computer. i


Special presentation on the Income statement?

Why do some items get "special presentation" on the income statement

Related Questions

Susan johnson earned 15000 last year sam miller earned 63000 last year both persons were required to pay a special tax of 350 which term best describes this tax?

Regressive


Susan johnson earned 15000 last yearSam miller earned 63000 last yeas Both persons were required to pay a special tax of 350 what terms best describes this tax?

Asking a multiple choice question without providing the choices doesn't really seem fair.


24 - Susan Johnson earned 15000 last year Sam Miller earned 63000 last year Both persons were required to pay a special tax of 350 what terms best describes this tax?

The information on what the following is should be given in addition to the question. When this is given a person will be able to know the correct answer.


Who are the persons involved in special education?

The persons involved are persons who begin with difficulies born


Information on geer oil for a Johnson 65 hp?

If your engine has electric shift, a special gear lube is required. If it is a mechanical shift, ordinary hypoid 90 will work. Seems the special lube was called premium blend, but I could be wrong about the name. I would give a quick call to a Johnson dealer to verify availability of the special lube if needed.


Which word describes you best?

The word that best describes me is special.


A group or association of persons organized for a special responsibility?

A group or association of persons are not organised for a special responsibility, they join together in a common purpose to earn income.


An organized group of politically active persons who are trying to attain special goals?

A faction is an organized group of politically active persons who are trying to attain special goals.


General Shermans special field order number 15 was?

Rejected by president johnson


What is handicap Olympic?

Paralympic , an special olympic for handicapped persons


What has the author Lawrence J Johnson written?

Lawrence J. Johnson has written: 'Meeting the needs of special students' -- subject(s): Law and legislation, Special education


Are the special forces required to get tattoos?

No