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more income that they get, more car that they can buy because income and value are depends on each other.
Wiki User
∙ 14y ago
Yes, there is a relationship between income and the value of the car someone owns. Typically, higher income individuals tend to own more expensive and higher value cars, while lower income individuals may own less expensive vehicles. This relationship is influenced by various factors such as affordability, lifestyle choices, and financial priorities.
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If you agreed to split property in the divorce and your husband stops paying for his car what can you do to keep yourself from being charged for it?
If you split the property in the divorce, you should ensure that the agreement clearly outlines each party's financial responsibilities, including the car payments. If your husband stops paying for his car, you can consult your divorce attorney to understand your legal options. It's important to take action to protect yourself from being held responsible for his debts.
Is it possible for someone to eat a car and if so how would you chew the metal?
No, it is not possible for someone to eat a car. The metal in a car is too strong and dense for human teeth to chew and digest. Additionally, the chemicals and materials in the car would be harmful if ingested.
What does down payment mean?
A down payment is a initial payment made towards the purchase of a big-ticket item, such as a house or a car. It is typically a percentage of the total purchase price and is paid upfront, with the remaining amount financed through a loan or mortgage.
If a car is stalled in a parking lot who do you think will come to your aide?
If a car is stalled in a parking lot, it is recommended to contact a roadside assistance service or the parking lot owner for help. They will typically have the resources and experience to assist you with getting your car running again or arranging for a tow.
What are the main reasons for hijacking?
To prove your tuff. So you can have a new car
How long should you wait between buying a car and a house?
Depends on your income.
What kind of tax benefits are there for a charitable car donation?
You can write off the total value for which the car is sold by the charity from your federal income taxes.
If your company sells you your used company car for under book value do you have an income tax obligation for the savings?
No.
Do I have to pay taxes on a car I received as a gift?
If it's in your name Yes you do.-------------------------------------------------------------------------Yes, the gift is income and must be reported on both your Federal and State income taxes (Local income taxes too if you have those), if its value exceeds the gift limit.The value of a new car will definitely exceed this limit and will have to be reported. A used car may not have to be reported, if it is old enough.Check with a tax professional if you have trouble finding the gift limit to check if you must report the gift income on your returns.
What is the difference between a relationship and ownership?
The different between relationship and ownership is that, relationship means how closer are you with a person. While ownership means a person who has something, examples car, motorcycle, bag, phone, e.t.c.
Do you have to claim a car won as a prize on your income taxes?
Certainly. It has value and you have received it as a winning.
What is a relational diagram give an example?
Something that will have a link/relationship to something else. For example: The relationship between the speed of a car, and the angle of a hill is: The steeper the hill, the faster the car will go.
What is the difference between the valur of a car when it is new and the lesser value after ownership is called?
The difference between the value of a car when it is new and its reduced value after ownership is commonly referred to as "depreciation." Depreciation represents the decline in the car's market value over time due to factors such as wear and tear, age, and usage. This reduction in value occurs gradually, impacting the resale or trade-in value of the vehicle.
Is there any relationship between the battery and air conditioner in a car?
In a word; no. However, the A/C compressor's clutch relies on your car's battery to properly engage, so one could say there is "a relationship".
How much should you tip for a 400.00 car detailing at the car wash?
My feeling is between 25-40, depending on your level of income and their level of service.
What is the Relationship between weight and speed?
Think about it as a toy car on a wooden track. The more the car weighs, the more friction between the car and track. Therefore, reducing speed(b/c of friction). Hope this helps!
What is difference between income tax and wealth taX?
Wealth is what you have in the bank and assets you can sell (house, car, boat, stocks, bonds, ...) Income is what your employer gives you (or you take out of your own company)
