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What Is Before Tax? (Question)

DEFINITIONS1. an amount of money before tax is the amount that you earn or receive before you have paid tax on it. What is Before-Tax Income? (with pictures) Before–tax income is quite simply the income a business or private individual makes prior to taxes being deducted. This may also be called pre-tax income or gross income. There are several reasons…

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For What Do Governments Use Tax Revenues?

The federal taxes you pay are used by the government to invest in technology and education, and to provide goods and services for the benefit of the American people. The three biggest categories of expenditures are: Major health programs, such as Medicare and Medicaid. Social security. What does the government use revenues for? Governments can use those revenues in four…

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What Income Tax Return Did You File For 2015? (Solved)

Do I need to file a tax return? You owe any taxes,such as alternative minimum tax,taxes on a retirement plan distribution,household employment taxes,and Social Security and Medicare taxes that were not withheld from income. You received a distribution from a health savings account,Archer MSA,or Medicare Advantage MSA. You had at least$400 in self-employment income. Can I still file a 2015…

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What Is My Sales Tax Id Number? (Solution)

A sales tax number is also known as an EIN number (employer identification number), or as a federal tax identification number. The following article will outline what an EIN number is, why businesses need one, and how to get a sales tax number. How do you find sales tax number? This is usually the state’s comptroller or department of revenue…

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Which Is Not A Basic Tax Planning Strategy? (TOP 5 Tips)

all of the choices are required considerations. Which is not a basic tax planning strategy? income shifting. What are the three basic tax planning strategies? There are a number of ways you can go about tax planning, but it primarily involves three basic methods: reducing your overall income, increasing your number of tax deductions throughout the year, and taking advantage…

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