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Which amount should a company record as wages or salaries expense?
Wages is salary. Its the same terminology If you are talking about addition payments classed as expenses paid in to the (Wage/salary) then it depends if the amount is "claimed" is taxable - If taxable the amount is shown as a subtotal before the wage/salary figure and then totalled then take and insurances/deductions then net paid If its not taxable its goes on the end after taxes are removed and shown as net wage plus expense The company is obliged to record either for tax purposes and for the annual accounts to reflect payments out on the balance sheet
What is the best definition of taxable income personal finance?
Taxable income refers to the portion of an individual's income that is subject to taxation by the government. It includes wages, salaries, bonuses, investment income, and other sources of earnings, minus any allowable deductions, exemptions, and credits. Understanding taxable income is crucial for personal finance as it directly impacts the amount of tax owed and informs financial planning and budgeting decisions.
How do I report foreign wages on my 1040 tax form?
To report foreign wages on your 1040 tax form, you need to fill out Form 2555 or Form 2555-EZ to claim the Foreign Earned Income Exclusion. This allows you to exclude a certain amount of foreign earned income from your taxable income. You will then report any remaining foreign wages on your 1040 tax form as part of your total income.
Is ppf interest taxable?
No. It is not taxable
Is ppf amount taxable after maturity?
No. it is not taxable
What does fit taxable wages mean on a check stub?
Federal Income Tax wages.
Are lawsuit proceeds taxable for back wages?
yes
What percentage of wages is withheld from your pay check for taxes by the Arizona state government?
It depends on your gross earnings; The new withholding tables are based on a percentage of gross taxable wages. "Gross taxable wages" is the amount that meets the federal definition of "wages".
What does not fit taxable mean on a check stub?
Federal Income Tax (FIT) Taxable
Are Social Security Administration taxable wages reduced by pretax deduction?
It depends on the deduction. Most common deductions such as medical premiums reduce SS taxable wages. But salary-deferal types of deductions do not. For example, employee contributions to a 401lk or Simple IRA do not reduce SS taxable wages.
Can you claim taxes on garnished wages?
They are as taxable as normal wages...which they are...its just that they aren't given to you but to those who you owe...
If an employee steals from his employer can this amount be added to the employee's wages as taxable income?
This money cannot be added to the employee's wages as taxable income. This money is not theirs and should be reported to the police.
Is money from a EEOC lawsuit taxable?
Yes-if you get a settlement from the EEOC it is taxable. If it is considered wages it is taxed at the rate your wages were taxed. If it is compensatory damages it is taxed at a lower rate but it cannot exceed 50% of the settlement.
Is the money you get from winning a law suit taxable?
This would depend on what the reason for the suit is and what payments are made for. If, for instance the suit was for unpaid wages, then the direct payments demanded by the court for wages would be taxable, as would interest allowed by the court. If a suit was for damages such as an injury to a person in an automobile accident then the award would not be taxable. Worker's Compensation payments are also an item that is not taxable.
Are back wages from the of Santa Ana for disability retirement taxable?
I AM NOT FAMILIAR WITH YOUR LOCAL LAW - YOU ARE RESPONSSIBLE FOR CONFIRMING THIS INFORMATION: Back wages earned UP UNTIL the date you were ruled disabled are taxable at the normal rate. Back wages earned AFTER the date you were ruled disabled, are subject to the law governing taxation of disability pensions.
Is short term disability benefits taxable if the employer pays the premium?
Yes, all employer paid benefits and wages are taxable. There is a way around that if you are an executive. 4lifeguild
You earned 92.88 in wages and 167.56 for a IRA distributions do you have to file?
Yes, All dist. over $10.00 are taxable.
