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

What online personal income tax software for both federal and state taxes can you recommend?
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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
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Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : 4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

Which one of the following taxes is collected and utilized by the State Governments? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Description : Which one of the following taxes is collected and utilized by the State Governments? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Last Answer : (3) Land revenue Explanation: The Constitution allocates the taxation of agricultural income to states. Lan revenue is a major source of revenue for states in India. For purpose of ... Commissioner, also known as Collector indicating his responsibility for the realization of all Government revenues.

Which one of the following taxes is collected and utilized by the State Governments ? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Description : Which one of the following taxes is collected and utilized by the State Governments ? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Last Answer : Land revenue 

1. The largest source of tax revenue for the federal government is: a. the personal income taxb. the social security taxc. the property taxd. the sales tax

Description : 1. The largest source of tax revenue for the federal government is: a. the personal income tax b. the social security tax c. the property tax d. the sales tax

Last Answer : a. the personal income tax

Do you pay state income taxes or do they refund you like federal income taxes do?

Description : Do you pay state income taxes or do they refund you like federal income taxes do?

Last Answer : The last 4 years, I have had to pay the Feds, and got less money back from the State.

What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Description : What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Last Answer : From what I hear, it is Republicans who are talking about closing “loopholes” and capping deductions more than Democrats. But whether it, or anything will happen, I don’t know. And I doubt it could effect this year’s taxes anyway.

I have Form 1099R in my posession, which Form do I need to file my information in order to receive my federal income taxes withheld?

Description : I have Form 1099R in my posession, which Form do I need to file my information in order to receive my federal income taxes withheld?

Last Answer : I have Form 1099R in my posession, which form o I need to file my information in order to receive my federal income taxes with held?

How much do I have to earn before I start paying federal income taxes?

Description : How much do I have to earn before I start paying federal income taxes?

Last Answer : If self-employment is your only income for the year, the filing threshold is $400 for the entire year. This figure is the total amount that you earned before your have deducted your business expenses. You will need to fill out Schedule C or C-EZ to document self-employment income and expenses.

What are deductions allowed when calculating federal income taxes?

Description : What are deductions allowed when calculating federal income taxes?

Last Answer : The deductions allowed whe calculating federal income taxes are as follow: Mortgage interest, charitable contributions, job expense, miscellanoous expense, medical expense in excess of 7.5 of income, and payment of state and local property taxes.

What happens if you don't pay your federal income taxes?

Description : What happens if you don't pay your federal income taxes?

Last Answer : If you don't pay federal income taxes, eventually you will eventually be investigated by the IRS. From there you will either have the money taken from you, your wages garnished or you may go to prison depending on the severity of the crime.

Where can I find federal income tax forms online?

Description : Where can I find federal income tax forms online?

Last Answer : The best place to find federal income tax forms online is IRS.gov. There are multi year forms with instructions and the site is user friendly.

Will I be able to deduct a portion of my local property taxes from my NY state income tax?

Description : Will I be able to deduct a portion of my local property taxes from my NY state income tax?

Last Answer : No. However, you can deduct property taxes from your federal tax liability.

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. 

We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Description : We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Last Answer : I can direct you to a law on a dot-gov website that states pretty darn clearly what happens to you if you don’t pay federal income taxes. You go to jail. So if by “voluntary” you mean, your choice is your money or your freedom, the suuuure, it’s voluntary.

What is income tax withheld from each paycheck and sent to the state or federal government?

Description : What is income tax withheld from each paycheck and sent to the state or federal government?

Last Answer : WithholdING taxes

Personal taxes in India best illustrates a (a) Proportional tax system ; (b) Progressive tax system (c) Indirect tax system ; (d) Value added tax system

Description : Personal taxes in India best illustrates a (a) Proportional tax system ; (b) Progressive tax system (c) Indirect tax system ; (d) Value added tax system

Last Answer : (b) Progressive tax system 

What types of taxes are levied under Income Tax Ordinance , 1984 ?

Last Answer : : Under the Income Tax Ordinance 1974, two types of taxes are levied: 1) Personal Income Tax 2) Corporate Income Tax

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.

Forced Savings refer to - (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Description : Forced Savings refer to - (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Last Answer : (1) Reduction of consumption consequent to a rise in prices Explanation: Forced saving is an economic situation in which consumers spend less than their disposable income, not because they want to ... free economy, this situation would normally result in increase in prices and inflow of more goods.

Which of the following taxes is not collected by the Central Government? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Description : Which of the following taxes is not collected by the Central Government? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Last Answer : (3) Professional tax Explanation: A professional tax, also known as an occupation tax or a professional privilege lax, is a tax that a professional must pay to receive the right to practice a ... and a professional who has clients in more than one state may owe professional taxes in several states.

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%

GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Description : GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Last Answer : (d) When subsidies exceeds indirect taxes. 

GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ………………. (a) Direct taxes ; (b) Indirect taxes ; (c) Income tax ; (d) Tax on rents

Description : GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ………………. (a) Direct taxes ; (b) Indirect taxes ; (c) Income tax ; (d) Tax on rents 

Last Answer : ; (b) Indirect taxes ;

Forced Savings refer to (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Description : Forced Savings refer to (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Last Answer :  Reduction of consumption consequent to a rise in prices

Which of the following taxes is not collected by the Central Government ? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Description : Which of the following taxes is not collected by the Central Government ? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Last Answer : Professional tax 

Which of the following taxes is such which does not cause rise in price ? (1) Import duty (2) Income tax (3) Octoroi (4) Sales tax

Description : Which of the following taxes is such which does not cause rise in price ? (1) Import duty (2) Income tax (3) Octoroi (4) Sales tax 

Last Answer :  Income tax

Depreciation is equal to — (1) Gross national product —Net national product (2) Net national product —Gross national product (3) Gross national product —Personal income (4) Personal income — Personal taxes

Description : Depreciation is equal to — (1) Gross national product —Net national product (2) Net national product —Gross national product (3) Gross national product —Personal income (4) Personal income — Personal taxes

Last Answer : (1) Gross national product -Net national product Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... we get net national product at market price. So depreciation = Gross National ProductNet National Product,

Personal disposable income is - (1) always equal to personal income (2) always more than personal income (3) equal to personal income minus indirect taxes (4) equal to personal income minus direct taxes

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

Last Answer : (4) equal to personal income minus direct taxes Explanation: Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal income, minus personal ... of personal (or, private) consumption expenditure) yields personal (or, private) savings.

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

The difference between personal disposable income and personal income is (a) Indirect taxes ; (b) Subsidies ; (c) Transfer payments ; (d) Personal taxes.

Description : The difference between personal disposable income and personal income is (a) Indirect taxes ; (b) Subsidies ; (c) Transfer payments ; (d) Personal taxes.

Last Answer : ; (d) Personal taxes.

Personal income includes all of the following except (a) Transfer payments ; (b) Undistributed corporate profits; (c) Personal income taxes ; (d) Dividend payments

Description : Personal income includes all of the following except (a) Transfer payments ; (b) Undistributed corporate profits; (c) Personal income taxes ; (d) Dividend payments

Last Answer : (b) Undistributed corporate profits;

Personal income equals personal disposable income (Yd) plus (a) Personal savings ; (b) Transfers from government ; (c) Personal income taxes ; (d) Dividend payments

Description : Personal income equals personal disposable income (Yd) plus (a) Personal savings ; (b) Transfers from government ; (c) Personal income taxes ; (d) Dividend payments 

Last Answer : (c) Personal income taxes ;

Depreciation is equal to — (1) Gross national product — Net national product (2) Net national product — Gross national product (3) Gross national product — Personal income (4) Personal income — Personal taxes

Description : Depreciation is equal to — (1) Gross national product — Net national product (2) Net national product — Gross national product (3) Gross national product — Personal income (4) Personal income — Personal taxes

Last Answer : Gross national product — Net national product

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. 

If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Description : If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Last Answer : My effective rate is 15%, according to turbotax. I’d be willing to raise that 2 or 3 percent.

I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Description : Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Last Answer : I don't think a national sales tax is the answer. Now, I'm no economist, so my logic may be faulty but here goes: For the purposes of this example, assume all 3 families consist of 2 adults and ... fair and across the board is to go with a flat percentage rate tax on income only, paid by everyone.

the federal income tax is a _____ -General Knowledge

Description : the federal income tax is a _____ -General Knowledge

Last Answer : The federal income tax is a progressive tax.

What branch of government determines or creates the federal income tax?

Description : What branch of government determines or creates the federal income tax?

Last Answer : Feel Free to Answer

Who would have more federal income tax withheld from emploee's paycheck with allowances?

Description : Who would have more federal income tax withheld from emploee's paycheck with allowances?

Last Answer : Need answer

What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Description : What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Last Answer : he will owe $135

i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

Description : i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

Last Answer : “i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ”

I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Description : I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Last Answer : What is the mail to address for tthe IRS.GOV

Am I required to file federal income tax forms?

Description : Am I required to file federal income tax forms?

Last Answer : Most but not all people need to file federal income tax forms. If you do not meet the minimum income requirement, then you do not have to file for federal income tax.

where can i pick up federal income tax forms?

Description : where can i pick up federal income tax forms?

Last Answer : the forms will be available at the post office soon but if you can't wait or for some reason they don't have them soon you can get the forms from the IRS website. where can I pick up forms ? Perkins Ok. 2000,2001,2003,2004

When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?

Description : When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?

Last Answer : The earned interest will be taxed the year they mature whether you cash them in or not

what was the of the federal income tax law in 1913, how many states were there, and how many states ratified the law?

Description : what was the of the federal income tax law in 1913, how many states were there, and how many states ratified the law?

Last Answer : The federal income tax law, otherwise known as the 16th amendment, allowed the Congress to create a federal income tax. This would allow Congress to create the tax at a rate that doesn't pertain ... to 42 states ratified. Three states rejected the amendment and three more simply did not act on it.