ARE THE TAXES A BUSINESS PAYS ON SUPPLIES, TRAINING , UTILIES ETC... CAN THAT BE USED AS TAXES PAID ON THE TAX FORMS?

ARE THE TAXES A BUSINESS PAYS ON SUPPLIES, TRAINING , UTILIES ETC... CAN THAT BE USED AS TAXES PAID ON THE TAX FORMS?
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husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Description : husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Last Answer : “husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.”

Assertion (A): Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Raghu and Rakesh in his shop. He pays them well but none of the workers get paid leaves in a year. Reason (R): Rakesh and Raghu are employed in an unorganized sector. (a) Both A & R are true and R is the correct explanation of A (b) Both A & R are true but R is not the correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

Description : Assertion (A): Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Raghu and Rakesh in his shop. He pays them well but none of the workers get paid leaves in a year. Reason (R): Rakesh ... correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

Last Answer : (a) Both A & R are true and R is the correct explanation of A

The incidence of Tax refers to - (1) Who pays the Tax? (2) Who bears the burden of Tax? (3) How Taxes can be shifted? (4) Who transfers the Tax burden?

Description : The incidence of Tax refers to - (1) Who pays the Tax? (2) Who bears the burden of Tax? (3) How Taxes can be shifted? (4) Who transfers the Tax burden?

Last Answer : (2) Who bears the burden of Tax? Explanation: In economics, tax incidence is the analysis of the effect of a particular tax on the distribution of economic welfare. Tax incidence is said to "fall' upon the group that ultimately bears the burden of, or ultimately has to pay, the tax.

The incidence of Tax refers to (1) Who pays the Tax ? (2) Who bears the burden of Tax ? (3) How Taxes can be shifted ? (4) Who transfers the Tax burden ?

Description : The incidence of Tax refers to (1) Who pays the Tax ? (2) Who bears the burden of Tax ? (3) How Taxes can be shifted ? (4) Who transfers the Tax burden ?

Last Answer : Who bears the burden of Tax ?

A multistage sales tax with credit for taxes paid on business purchases.

Description : A multistage sales tax with credit for taxes paid on business purchases.

Last Answer : Ans. VAT

Why do we have to an inheritance tax when the previous owners paid taxes on them when they purchased them?

Description : Why do we have to an inheritance tax when the previous owners paid taxes on them when they purchased them?

Last Answer : Inheritance taxes and property taxes are entirely separate issues. Regardless of whether or not we agree with taxes you still have to abide by them. I personally don't agree with the scope of inheritance taxes, however the government considers an inheritance taxable income.

When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

Description : When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

Last Answer : c. 30%

When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

Description : When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

Last Answer : c. 30%

What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

Description : What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.

What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

Description : What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods 

Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc. 

Where do I find income tax return forms for my taxes?

Description : Where do I find income tax return forms for my taxes?

Last Answer : There are many places to find an income tax return form, You can do it online, it is now an option in this day and age. You need to ensure the information is up to date.

is their an age limit on who pays fica taxes?

Description : is their an age limit on who pays fica taxes?

Last Answer : is there an age limit on who pays fica taxes

Who pays more taxes collectively, Democrats or Republicans?

Description : Who pays more taxes collectively, Democrats or Republicans?

Last Answer : What is the tax on getting high, not working, and collecting multiple forms of government paid welfare? About zero. So I say the republicans pay WAY more and take WAY less.

Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called : 1. disposable income 2. taxable income 3. accounting income 4. discretionary income 5. credit

Description : Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called : 1. disposable income 2. taxable income 3. accounting income 4. discretionary income 5. credit

Last Answer : discretionary income

Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called: A)disposable income B)taxable income C)accounting income D)discretionary income E)credit

Description : Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called: A)disposable income B)taxable income C)accounting income D)discretionary income E)credit

Last Answer : D)discretionary income

The art of developing the plant or training the plant into different forms or shapes like animals, birds, arches, etc.

Description : The art of developing the plant or training the plant into different forms or shapes like animals, birds, arches, etc.

Last Answer : Ans. Topiary

Where can I get help for my tax questions for completing my business taxes and getting the most return from them?

Description : Where can I get help for my tax questions for completing my business taxes and getting the most return from them?

Last Answer : You should seek the advice of a qualified CPA to get information on taxes. They will be able to provide you with advice and console on all tax issues.

Does starting a new business help you with your tax refund when filing taxes.?

Description : Does starting a new business help you with your tax refund when filing taxes.?

Last Answer : My best suggestion is to inform yourself with information from different resources concerning what starting a new business will do for your taxes. But to directly answer your question then yes, it will ... small business owner. Here is their website to learn about it. www.irs.gov/businesses/small/

Do I pay fed. tax on 170.00 a month life insurancepayment I pay if my retirement pays part of the total also?

Description : Do I pay fed. tax on 170.00 a month life insurancepayment I pay if my retirement pays part of the total also?

Last Answer : Need Answer

What do you call a person who supplies the food drinks etc. for a function?

Description : What do you call a person who supplies the food drinks etc. for a function?

Last Answer : Feel Free to Answer

Can I get business tax forms at the library?

Description : Can I get business tax forms at the library?

Last Answer : You can get your business tax forms at your local library. For more information on this specific matter see :www.laserlibrarian.com/Tax-Forms-Library.asp

What tax return forms are required for a small business?

Description : What tax return forms are required for a small business?

Last Answer : There are several tax forms that a small business needs to fill out. To find out the most information about them, check out www.irs.gov/businesses/corporations/index.html.

Do you think it is unfair that only 1/100th of 1% of Americans paid estate taxes in 2011?

Description : Do you think it is unfair that only 1/100th of 1% of Americans paid estate taxes in 2011?

Last Answer : Yes, it is grossly unfair. Wealth should not pass from generation to generation untaxed.

What types of taxes were paid by the third estate in France? -SST 10th

Description : What types of taxes were paid by the third estate in France? -SST 10th

Last Answer : Nobles enjoyed feudal privileges. Peasants were obliged to work in their houses and fields, to serve in the army and build roads. Peasants paid a tax called tithes to the church. The third estate paid a direct tax called taille. In direct tax on salt and tobacco were also levied.

From what amount are taxes paid?

Description : What must be the income in crowns in order to pay tax? I'm not working.

Last Answer : If this is a regular income, then from ´any´ up. Random (one-time) income from 30,000 CZK / year. Then there are ´specialitky´ - income exempt from tax under certain conditions (eg income from car sales is exempt from tax if you own them for more than a year) ...

What are taxes paid on import and exports called?

Description : What are taxes paid on import and exports called?

Last Answer : tariffs

What are types of taxes which Sumerians paid?

Description : What are types of taxes which Sumerians paid?

Last Answer : Feel Free to Answer

What group never paid taxes?

Description : What group never paid taxes?

Last Answer : What is the answer ?

How much taxes is paid on 16368 on social security income?

Description : How much taxes is paid on 16368 on social security income?

Last Answer : My aunt had 23,114 dollars of retirement and 16,368 dollars ofsocial security income.Her social security. Is taxable.How muchwould she have to pay in social security,dollar-wise?

interested in houses in New Mexico listed for sale for taxes not paid?

Description : interested in houses in New Mexico listed for sale for taxes not paid?

Last Answer : New Mexico, tax liens houses for sale/auction

if a person haven't paid taxes on a peice of property for over six years can someone else catch up the taxes and claim the property?

Description : if a person haven't paid taxes on a peice of property for over six years can someone else catch up the taxes and claim the property?

Last Answer : It depends on the property, the law in that jurisdiction, the amount of taxes owed and the disposition of the property at the County Tax Assessor's office. If you are aware of such a property, contact the County Assessor for information.

I would like to find out if my taxes have been paid?

Description : I would like to find out if my taxes have been paid?

Last Answer : You can find out at irs.gov.

How much money will be taken out of my paycheck for income taxes if I get paid minimum wage?

Description : How much money will be taken out of my paycheck for income taxes if I get paid minimum wage?

Last Answer : Working through a financial calculator will help to show the value taken out of your paycheck. This website provides a calculator to view what you should expect can be taken out of your paycheck http://www.moneychimp.com/features/tax_brackets.htm

Are the taxes paid by the Filipino citizens commensurate to the services and programs they receive from their government?

Description : Are the taxes paid by the Filipino citizens commensurate to the services and programs they receive from their government?

Last Answer : Probably not, Taxes are normally also used to help the poor (who do not pay tax). So taxes are also supporting the services other citizens get from their government.

Which of the following are not fixed costs? (1) Rent on land (2) Municipal taxes (3) Wages paid to workers (4) Insurance charges

Description : Which of the following are not fixed costs? (1) Rent on land (2) Municipal taxes (3) Wages paid to workers (4) Insurance charges

Last Answer : (3) Wages paid to workers Explanation: In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such ... paid in wages, can often be varied, so this type of labour cost is a variable cost.

Personal disposable income is : (1) always equal to personal income. (2) always more than personal income. (3) equal to personal income minus direct taxes paid by household. (4) equal to personal income minus indirect taxes.

Description : Personal disposable income is : (1) always equal to personal income. (2) always more than personal income. (3) equal to personal income minus direct taxes paid by household. (4) equal to personal income minus indirect taxes.

Last Answer : (3) equal to personal income minus direct taxes paid by household. Explanation: Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal ... category of personal (or, private) consumption expenditure) yields personal (or, private) savings

Gross national product (GNP) means the total value of __________ in a country. (A) Goods produced (B) Gold reserve (C) Earning of the citizens (D) Taxes paid

Description : Gross national product (GNP) means the total value of __________ in a country. (A) Goods produced (B) Gold reserve (C) Earning of the citizens (D) Taxes paid

Last Answer : (A) Goods produced

Personal disposable income is : (1) always equal to personal income. (2) always more than personal income. (3) equal to personal income minus direct taxes paid by household. (4) equal to personal income minus indirect taxes.

Description : Personal disposable income is : (1) always equal to personal income. (2) always more than personal income. (3) equal to personal income minus direct taxes paid by household. (4) equal to personal income minus indirect taxes. 

Last Answer : equal to personal income minus direct taxes paid by household. 

Which of the following are not fixed costs? (1) Rent on land (2) Municipal taxes (3) Wages paid to workers (4) Insurance charges

Description : Which of the following are not fixed costs? (1) Rent on land (2) Municipal taxes (3) Wages paid to workers (4) Insurance charges

Last Answer :  Wages paid to workers

A Shop makes a profit of Rs. 85000 of which 15% as paid as taxes. If the rest is divided among the partners A,B,C in the ratio 8:7:6 then the total share of A and B is A) 54780 B) 51607 C) 56803 D) None

Description : A Shop makes a profit of Rs. 85000 of which 15% as paid as taxes. If the rest is divided among the partners A,B,C in the ratio 8:7:6 then the total share of A and B is A) 54780 B) 51607 C) 56803 D) None

Last Answer : Answer: B)  Profit by company =Rs.85000  After paying tax of 15%  Remaining profit =85000*85/100  =Rs 72250  Profit ratio of X, Y, Z  =8:7:6  Total share of X& Y  =72250*15/21  =Rs.51,607

When purchasing company pays purchase consideration, it will be debited to (A)Business purchase account (B)Assets account (C) Liquidator of selling company’s account (D)None of the above

Description : When purchasing company pays purchase consideration, it will be debited to (A)Business purchase account (B)Assets account (C) Liquidator of selling company’s account (D)None of the above

Last Answer : (C) Liquidator of selling company’s account

The supplies of forms by the Postal Stores/Stock Depots will be accompanied by a) An acknowledgement b) Issue voucher c) Two copies of invoice d) Deposit voucher

Description : The supplies of forms by the Postal Stores/Stock Depots will be accompanied by a) An acknowledgement b) Issue voucher c) Two copies of invoice d) Deposit voucher

Last Answer : c) Two copies of invoice

Total product cost of a chemical plant does not include the __________ cost. (A) Market survey (B) Operating labour, supervision and supplies (C) Overhead and utilities (D) Depreciation, property tax and insurance

Description : Total product cost of a chemical plant does not include the __________ cost. (A) Market survey (B) Operating labour, supervision and supplies (C) Overhead and utilities (D) Depreciation, property tax and insurance

Last Answer : (A) Market survey

Is there a really good book i can purchase to help me with my taxes? especially with questions concerning 1099 forms and things that are decutible?

Description : Is there a really good book i can purchase to help me with my taxes? especially with questions concerning 1099 forms and things that are decutible?

Last Answer : Tax Loopholes, everything the law allows Published by Boardroom Clasics If you have specific questions, you can PM me.

If I file taxes via Turbo Tax or go to H&R Block, how long will it take to get a refund?

Description : If I file taxes via Turbo Tax or go to H&R Block, how long will it take to get a refund?

Last Answer : answer:I just did mine through the TurboTax free edition. I got my w2 on 1/15, filed on 1/18. The IRS began processing refunds on 1 / 30. Mine cleared in my bank account on 2/8. They’re pretty damn quick. Direct deposit is the way to go.

Can I claim foreign tax credit carryovers for past years even though I didn't file taxes during those years?

Description : Can I claim foreign tax credit carryovers for past years even though I didn't file taxes during those years?

Last Answer : You’d be better off with an accountant for this question.

Does it bother you that the tax laws are set up so that the very rich (i.e. Mitt Romney) pay a smaller percentage of taxes than you probably do?

Description : Does it bother you that the tax laws are set up so that the very rich (i.e. Mitt Romney) pay a smaller percentage of taxes than you probably do?

Last Answer : Sure: I think it bothers most of the 99%.

Should I file my taxes online or see a tax consultant?

Description : Should I file my taxes online or see a tax consultant?

Last Answer : I love TurboTax. I did my own taxes for many years, then I had HR Block do it for a few. Unless your taxes are really complicated, TurboTax is the cheapest, easiest way to do your taxes.

I throw litter out of my car on a regular basis,is this wrong seeing that i pay my taxes and part of my tax money goes to help keep the streets clean it also keeps people in work?

Description : I throw litter out of my car on a regular basis,is this wrong seeing that i pay my taxes and part of my tax money goes to help keep the streets clean it also keeps people in work?

Last Answer : Yes. It’s wrong. The hospital also patches up people who have been shot. It doesn’t mean you should help keep them necessary.

What online personal income tax software for both federal and state taxes can you recommend?

Description : What online personal income tax software for both federal and state taxes can you recommend?

Last Answer : I recommend online personal income tax software for both federal and state taxes, as well as software to help you file an extension if you need it.cutt.ly/JjWSDSE