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What is a true statement of federal taxes?
That you will be required to pay those taxes out of income. You may get some of it back after filing your tax return ... or you may have to pay more, depending on your deductions and how much is taken out of your wages for each pay period.
Is it true that the power to levy federal income taxes rests with the us congress?
true
What statement is true about US?
It explains the organization of the federal government.
What statement about the federal reserve system is not true?
It is responsible for FDIC
What is the true statement about US?
It explains the organization of the federal government.
What statement about the federal reserve system is true?
It is responsible for FDIC
What tax deductions can appear on a payroll withholding statement?
Federal and state income taxes, and FICA
True or false FICA taxes and federal income taxes are levied on employees earnings without limit?
False and True, in that order. FICA has limits, Fed inc doesn't.
Is this a true statement Prior to requesting assistance through intrastate mutual aid and a State must first ask the Federal Government for resources?
Yes, this is a true statement.
Which statement regarding state income tax is not true?
State income taxes apply only to individuals.
How are federal taxes determined?
how are federal taxes determined
Can I deduct state taxes from my federal taxes?
Yes, you can deduct state taxes from your federal taxes if you itemize your deductions on your federal tax return.
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