Answers about Taxes and Tax Preparation

<br>Sin taxes are considered a form of excise taxes because they are levied on specific goods and services deemed harmful to society, such as tobacco, alcohol, and Read more Taxes and Tax Preparation What days do tax reunds come on? Asked by Anonymous Tax refunds are typically issued by the IRS within a few weeks of filing, with the timing depending on how you filed your return and whether you chose direct de Read more Taxes and Tax Preparation What depreciation method do you use when filing taxes? Asked by Anonymous When filing taxes, businesses often use the Modified Accelerated Cost Recovery System (MACRS) for depreciation.<img alt="Best cadillac escalade limo rental near palm beach gardens fl | AE Limo Service" /> This method allows for accelerated depreciation, Read more Taxes and Tax Preparation How were poor whites affected by the poll taxes? Asked by Anonymous Poor whites were significantly affected by poll taxes, as these fees often served as a barrier to voting, despite being ostensibly aimed at disenfranchising Bla Read more Taxes and Tax Preparation +1 How much Ohio state tax do you pay if your taxable income is 67350? Asked by Anonymous In Ohio, the state income tax rates are progressive, ranging from 0% to 3.99%. For a taxable income of $67,350, you would fall into the higher tax brackets, res Read more Taxes and Tax Preparation Did colonists like paying taxes? Asked by Anonymous Colonists generally resented paying taxes imposed by the British government, viewing them as unfair and without proper representation in <a href="https://sportsrants.com/?s=Parliament">Parliament</a>;. Many believ Read more Taxes and Tax Preparation If a parcel of land that was originally acquired for 85000 is offered for sale at 150000 is assessed for tax purposes at 95000 is recognized by its purchasers as easily being worth 140000 a? Asked by Anonymous The parcel of land has various valuations: its original purchase price was $85,000, but it is currently offered for sale at $150,000. For tax purposes, it is as Read more Taxes and Tax Preparation What type of power is collecting taxes? Asked by Anonymous Collecting taxes is an example of fiscal power, which is a fundamental aspect of a government's authority to generate revenue. This power allows governments to Read more Taxes and Tax Preparation +2 The role of capital gain tax as a means of revenue generation in nigeria? Asked by Anonymous Capital gains tax in Nigeria serves as a crucial source of revenue for the government by taxing the profits earned from the sale of capital assets, such as real Read more Taxes and Tax Preparation Tax on is an indirect tax? Asked by Anonymous Tax on goods and services, <a href="https://jetblacktransportation.com/blog/car-service-from-new-york/">JetBlack</a>; such as Value Added Tax (VAT) or sales tax, is considered an indirect tax because it is collected by intermediaries (like retailers) Read more Taxes and Tax Preparation Why did British raise taxes in 1760? Asked by Anonymous The British raised taxes in the 1760s primarily to help pay off the debt incurred during the Seven Years' War and to finance the ongoing costs of maintaining Br Read more Taxes and Tax Preparation What is the amount of money people have to spend after taxes are paid? Asked by Anonymous The amount of money people have to spend after taxes are paid is known as disposable income. It is calculated by subtracting all mandatory taxes, such as income Read more Taxes and Tax Preparation Why is gift certificates HST exempt? Asked by Anonymous Gift certificates are HST exempt because they are considered a form of payment rather than a good or service. When a gift certificate is purchased, the transact Read more Taxes and Tax Preparation What are the 3 ways to classify taxes? Asked by Anonymous Taxes can be classified in three main ways: by their nature, by their impact, and by their administration. By nature, taxes can be direct (levied on income or w Read more Taxes and Tax Preparation What is the outcome a tax increase? Asked by Anonymous A tax increase typically results in higher revenue for the government, which can be used to fund public services and infrastructure. However, it may also lead t Read more Taxes and Tax Preparation Should tax payers pay for healthcare? Asked by Anonymous The question of whether taxpayers should fund healthcare is a complex and debated issue. Proponents argue that universal healthcare can lead to better public he Read more Taxes and Tax Preparation How does paying taxes help benefit the society? Asked by Anonymous Paying taxes is essential for funding public services and infrastructure, such as education, healthcare, transportation, and public safety, which contribute to Read more Taxes and Tax Preparation What division of the department of labor assists business by providing information for tax credits and hiring incentives? Asked by Anonymous The division of the Department of Labor that assists businesses by providing information on tax credits and hiring incentives is the Employment and Training Adm Read more Taxes and Tax Preparation How can describe intrastate taxes? Asked by Anonymous Intrastate taxes are levied by state or local governments on transactions and activities that occur within a single state. These taxes can include sales taxes, Read more Acronyms & Abbreviations +2 What does the letter R stand for in the term IRS? Asked by Anonymous In the term IRS, the letter "R" stands for "Revenue." The IRS, or Internal Revenue Service, is the U.S. government agency responsible for ad Read more Taxes and Tax Preparation What risks does emerald face by not upholding his responsibility for the collection and payment of employment taxes? Asked by Anonymous If Emerald fails to uphold his responsibility for the collection and payment of employment taxes, he risks facing significant legal repercussions, including pen Read more Taxes and Tax Preparation What was the name of the revolt by Massachuesetts farmers against taxes? Asked by Anonymous The revolt by Massachusetts farmers against taxes was known as Shays' Rebellion. It occurred in 1786-1787 and was led by Daniel Shays, <a href="https://pixabay.com/images/search/protesting%20economic/">protesting economic</a> injus Read more Taxes and Tax Preparation What type of tax is collected by a mediating agent from the person who is responsible for paying the tax? Asked by Anonymous The type of tax collected by a mediating agent from the person responsible for paying it is typically referred to as a "withholding tax." This tax is Read more Taxes and Tax Preparation How much money does US government take in from taxes? Asked by Anonymous In recent years, the U.S. government has collected approximately $3.5 to $4 trillion annually in tax revenue. This revenue comes from various sources, including Read more Taxes and Tax Preparation Who owns this fed tax I.D 38-1798424? Asked by Anonymous I'm sorry, but I can't provide information about specific tax identification numbers or their owners. This information is private and confidential. If you need Read more PreviousNext Trending Questions Who pays corporate income taxes? How did tariff taxes affect the US? What tax form is used to file for home energy tax rebate? What is the total cost of 21.95 with a 4.25 percent sales tax? Do we have to pay US federal tax on Australian share dividends that have imputation credits if we live in the US? Can you deduct health insurance premiums you paid? When can the IRS garnish your tax return? You did not file 2006 Tax returns but you would have gotten money back will you get a penalty? How much tax do i pay on 1730 per week? The sales tax on a 750 computer at j and m computers is 48.75 what is the sales tax rate? People who cant pay their taxes on home? Where do i mail an IRS form 941 from Mississippi? Will you get a w-2 for a gross income under 500.00? How much tax is taken out if you make 1000.00 a week? What is the average length of time for tax returns from electronic filing? How do you find what someone owes in back income tax? What is uses of IRS satellite? What if you forget to file 1098-T on your taxes? Do you have to pay social security tax on income earned after age 67? How do tax payers fund government programs? Resources Leaderboard All Tags Unanswered Top Categories Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics Product Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ Company About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers. <br>