Business & Finance - 3 July 2006

if my son, now 15, has a income of 10,000,and filing his own tax return, how does it have impact on my tax return?-can i claim him, if he opt not to claim on his tax return? would i be eligible to claim child tax credit?
if i am an illinois resident, how it affects on my state return? how much amt he would be paying state tax on?

i am eligible to claim him as a dependent, as i have supported him fully and living with me etc provided he dont claim.and if he dont claim on fed1040, he wont be able to claim on il1040 either.
the thing is which one best suites for a family as a whole. if he files his tax return, he would be paying tax on 5000$ @10%,considering he is not contributing to ira and not claiming himself as a dependent. whereas i would be saving tax of my bracket on 5000, but still eligible to claim him as adependent...so can reduce tax liability on3200$ by claiming his exemption.am i getting it right?

2006-07-03 11:34:05 · 4 answers · asked by belashah6 1 in United States

Can Herbalife take legal actions if you do not pay their Annual Processing Fee. Or can they effect you credit score. Can I just forget about it and not worry.

2006-07-03 11:27:48 · 1 answers · asked by glenn s 2 in Small Business

2006-07-03 11:25:15 · 15 answers · asked by jamito 1 in Other - Business & Finance

I am 46 and had bad credit, but have a new car and payments, I can pay it in full, 23K, but took a 10K loan, how long should i keep the loan??

2006-07-03 11:24:03 · 9 answers · asked by xcybergypsyx 2 in Credit

My Husband wants us to put more towards savings but i want to put more towards our debt. I will like to have to paid off asap. Right now we are putting 700-1200 towards debt a month. But with us putting that most towards debt it will be paid off the summer of 07. Should I cut it down or keep it the same? Also to note we do save each month but not that much as we would like.

2006-07-03 11:20:31 · 19 answers · asked by Anonymous in Personal Finance

My grandfather passed away and left alot of old stocks from the late 1800's and early 1900's. how can I find out if they're worth anything? I've searched for the company names but haven't had much luck. Any help would be appreciated.

2006-07-03 11:17:48 · 5 answers · asked by booyakasha 1 in Corporations

2006-07-03 11:16:51 · 6 answers · asked by venus_ana2002 1 in Insurance

scottish power sent me a statement of my account saying i was 400.00 in credit with them. i phoned them up to see how i claim it back and they said that the statement they sent me was invalid as my meter hadnt been updated in five years and that i was on the wrong tariff. they requested a new reading and contacted me a week later and said that the meter was definetly on the wrong setting and that i now owe them money a total of £155.39.do i have to pay this back or do i tell them to stick it where the sun don't shine.they have been to my house to reset my meter to the new tariff or so i thought but they havent they set it slightly higher to reclaim the outstanding balance as well.where do i stand with these people as it was there mistake to begin with.please give me some answers as it is stressing me out.

2006-07-03 11:14:47 · 5 answers · asked by jenks 1 in Corporations

2006-07-03 11:09:27 · 6 answers · asked by Scotty Doesnt Know 7 in Advertising & Marketing

2006-07-03 11:07:45 · 6 answers · asked by babs 1 in Renting & Real Estate

Why don't the employers take those into consideration and hire people with a higher starting pay instead of a low pay of $8/hr or less which is just enough to pay the bills and not much to save??

2006-07-03 11:03:39 · 7 answers · asked by Raines 1 in Other - Business & Finance

I just started a job a month ago at a company that had an office where I used to live before I moved to this town. At the old office, I held a higher position than I have at the moment. But because my work is good, and I seem to know what I am doing, I was promoted last week. Now, however, there are quite a few people who have their nose out of joint because I was promoted so quickly even though I feel I do deserve it considering all the stuff I know and I know how to do almost every aspect of this job. I don't want to be discriminated against because of my knowledge but it is getting to me that people don't like me because of this but I don't want to give up my promotion (which, i said I deserve) just so people will like me. I am a nice person and if they would spend the time to get to know me, they would realize that and come to know that I am a great asset to the company. How can I handle their jealousy diplomatically?

Thanks

2006-07-03 11:03:07 · 2 answers · asked by Anonymous in Careers & Employment

2006-07-03 11:02:03 · 2 answers · asked by SuzeY 5 in United States

if my son, now 15, has a income of 10,000,and filing his own tax return, how does it have impact on my tax return?-can i claim him, if he opt not to claim on his tax return? would i be eligible to claim child tax credit?
if i am an illinois resident, how it affects on my state return? how much amt he would be paying state tax on?

2006-07-03 11:00:57 · 5 answers · asked by belashah6 1 in United States

I want to cancel my membership with Pre Paid Legal and get my money back from the past 8 or so years (approx. $2500) since I have yet to utilize their services.

2006-07-03 11:00:50 · 7 answers · asked by gbpascal 1 in Other - Business & Finance

Do we need more places we can go to and have a good time with no problems because what i wanna do no one is doig it here it will be alot of entertainment going on.

2006-07-03 11:00:46 · 3 answers · asked by lmt501 1 in Small Business

2006-07-03 10:52:54 · 5 answers · asked by simontoyota1447 1 in Other - Business & Finance

I need URGENT suggestions about nice residencial areas that allow satellite dishes in Johnstown, PA

2006-07-03 10:51:53 · 5 answers · asked by Vlado 2 in Renting & Real Estate

2006-07-03 10:50:26 · 10 answers · asked by Anonymous in Renting & Real Estate

i have stock in a gold company since the 80s and recently the company changed its name or something else happened to it, how can i find out what happened to my stock ? where it is at this time . please only answer if you have a answer that would help me .

2006-07-03 10:49:45 · 3 answers · asked by k walker 1 in Investing

2006-07-03 10:49:42 · 8 answers · asked by bonnyfide2000 2 in Careers & Employment

I was wondering what types of jobs I will qualify for.

2006-07-03 10:47:15 · 2 answers · asked by magickcharms2006 1 in Careers & Employment

What is the first state bank central texas routing number

2006-07-03 10:45:58 · 7 answers · asked by Anonymous in Personal Finance

2006-07-03 10:45:27 · 5 answers · asked by ginnie r 1 in Personal Finance

i want to start my own bussiness / and it requires that i get a patent for my t-shirt logos. where do i go to get one?

2006-07-03 10:44:44 · 2 answers · asked by k walker 1 in Other - Business & Finance

I am 14, working at a corporation that is incorporated,during summertime.AM I EXPECTED TO PAY SOCIAL SECURITY AND MEDICARE TAX?IS MY EMPLOYER EXPECTED TO DO SO?

2006-07-03 10:43:49 · 3 answers · asked by nsbball07 2 in United States

You can deposit $1,000 into a mutual fund that pays 6.5% monthly yield that you already have, but you can buy a 12 month CD for 5.5% at maturity - which one is a better deal?

2006-07-03 10:38:24 · 7 answers · asked by bluefrog 3 in Investing

Are there good jobs and opprtunities in North Carolina?

2006-07-03 10:34:28 · 5 answers · asked by Anonymous in Careers & Employment

Has anyone traded fractional ADRs? Can these be traded the SAME as penny stocks (i know the quality is better)? Say scalp traded or trade them by volatility? Thank you

2006-07-03 10:30:18 · 3 answers · asked by westphalia1 2 in Investing

it's been pre-arranged and i have never had an interview over the telephone before, what can i expect in the way of questions, does anyone have any tips?

2006-07-03 10:27:27 · 14 answers · asked by WriterNeedsInfo 1 in Careers & Employment