United States - November 2006

Which of the following statements best describes the calculation of the effective tax rate?
A.(Before Tax IRR — After tax IRR)/After tax IRR
B.(Before Tax IRR — After tax IRR)/Before tax IRR
C.(After tax IRR — Before tax IRR)/After tax IRR
D.(After tax IRR — Before tax IRR)/Before tax IRR

2006-11-09 15:34:33 · 3 answers · asked by pretty smile 2

For example if I make $1499 gross I might pay 21% tax, but if I make a dollar more -- $1500 gross -- I might enter a new tax bracket and end up will less net pay

2006-11-09 14:11:55 · 7 answers · asked by Jeff G 2

I would like to invest in the 529 plans.

Does anyone know what is the 529 TAX benefit in California ?

Should I MUST invest in the "California Golden State ScholarShare College Saving Trust" ?

If I invest in the funds that in other states, like the AmericaFunds in Virginia, do I lost the tax benefit ?

It would be great if anyone could give me some suggestions or just pass me some useful WEB links.

Thanks

Jonathan in San Jose California

2006-11-09 13:38:41 · 3 answers · asked by Jonathan 1

What is personal allowance? The 2005 amount $3,200, is this amount more beneficial to a single person (no dependents) who earned $10,000 or a single person (1 dependent) who earned $10,000.

2006-11-09 12:06:16 · 2 answers · asked by angel_rat_83 1

He has worked at my shop for 2 years now and has signed a lease aggreement that states he is responsible for his own taxes, his only obligation to me is to pay his weekly chair rent. He has in own key to the shop and comes and goes when he pleases I do not boss him or any of my barbers around by any means, there on there own.

Am I in any danger of paying any of his taxes even though he is a independent contractor?

2006-11-09 11:08:39 · 13 answers · asked by Anonymous

I would like to work 2 jobs, so I can enough money to pay off debts and finish paying off my car note. My question is will this affect me on filing my tax reports?

2006-11-09 10:20:28 · 5 answers · asked by Anonymous

I would assume the person getting the monetary gift pays the tax.

2006-11-09 10:02:38 · 4 answers · asked by tommyfourth 3

I believe that means that if it's now 2007 and I lived in the property in 2002 and 2003, but kept it rented afer 2003 , that it fills the requirement. I could have captail gains waived if I sold in 2007.

2006-11-09 09:39:36 · 3 answers · asked by tommyfourth 3

2006-11-09 08:22:05 · 4 answers · asked by Michelle M 1

I dont owe them money, but the government owes me money. I never filed for the taxes. Where can I find the forms and file? atleast 2005's

2006-11-09 08:17:09 · 6 answers · asked by precious02k 3

I will have a relatively low Federal taxable income this year. If I convert, say $100,000 from my traditional IRA to my Roth IRA, will that "income" push me into the same bracket as if it were real income? Does my total income including the converted amount have to stay below the threshold for allowing a Roth conversion? Will this trigger AMT?

2006-11-09 06:57:15 · 5 answers · asked by Dave 4

2006-11-09 05:46:41 · 2 answers · asked by hollatme 1

2006-11-09 05:20:23 · 10 answers · asked by steve p 1

I am on a small retirement annuity of $900.00 a month. I think too much tax is being taken out of my check. I claim zero. $334.00 is withheld each month is Federal taxes and the same amount is withheld for state taxes which leaves me with about $232.00. Is this the right amount of taxes? Thank you for the help.

2006-11-09 05:13:07 · 4 answers · asked by winterpasture 1

Ii want to know how to use a ein tak id number an what is the best way to use it

2006-11-09 05:09:15 · 2 answers · asked by Greg Y 1

I live with a person who has been supporting me financialy. I do not pay for room and bored but he provides all my meals and clothing ,personal items. I have not worked in over a year , can he claim me as one of his dependents?

2006-11-09 04:54:28 · 7 answers · asked by Anonymous

I am makeup artist, esthetician and substitute teacher. i keep receipts from when i purchase makeup, printer ink, paper, my digital camera, batteries, etc.

2006-11-09 04:47:17 · 8 answers · asked by Anonymous

2006-11-09 04:27:26 · 9 answers · asked by Rita J D 1

I recieved an Award claim notification letter containing a check for almost $5000.00. In the letter it tells me to call and speak to the claim agent. The agent I was told to call was out for the day but I did speak with a man, he barely spoke English and was hard to understand. In the letter it says I am to western union or Moneygram $4000.00 of first check to cover taxes so that rest of "winnings" can be released. The gentleman on the phone verified this and gave me a name and address. BEFORE I even consider doing this, has anyone ever heard of this before?? If you contact me (leave your e mail) I will send you a pic of letter and check. I have been burnt before by someone pretending to be a lottery company. My winnings are said to be 250,000.00.

2006-11-09 04:26:19 · 5 answers · asked by fade4pink 2

My question is if I pay my house payment in December and then pay and extra payment in the same month, could I claim this extra payment on my taxes.

2006-11-09 03:43:07 · 2 answers · asked by Curious 1

so how much money exactly does social security pay someone.

2006-11-09 02:36:37 · 4 answers · asked by Orange Juice 2

like income tax

2006-11-09 02:34:46 · 6 answers · asked by ken t 1

Hello,
Is it worth filling what you pay your babysitter on your taxes? Do you get all the money back?
Thanks!!!

2006-11-09 02:23:44 · 8 answers · asked by dazedconfused_1998 1

I recently sold some stock and didn't want to buy new stock. So, I put all the money into a Money Market Prime Fund. Am I going to get taxed badly on this. Someone told me I have to reinvest it before the year is out and I'll be ok.

2006-11-09 02:19:28 · 5 answers · asked by k h 4

I recently got married and we are trying to figure out the best way to do our taxes. We were going to claim married and have my husband claim 1, and I would claim 0. We just don't want to have to pay in at the end of the year. So I am wondering if we should claim married, but withhold at the higher single rate and then both claim 0. Will that make a huge difference on how much they take out monthly?

2006-11-09 01:15:43 · 3 answers · asked by lynn2379 1

Settlement on house in divorce,receiving $170,000.00 What are the tax ramifications,If I split this 1/2 this year 1/2 next year will the tax be lower.

2006-11-08 20:41:23 · 5 answers · asked by Cherokee 1

2006-11-08 17:30:09 · 2 answers · asked by purple_puma 2

Are estate taxes, progressive, regressive or flat. Its for Homework.

2006-11-08 17:06:17 · 3 answers · asked by Anonymous

I have know those who owe significant amounts of taxes for past years unfiled returns (tens of thousands of dollars). They have settlement conferences and settle for cents on the dollar and start over. Isn't their short payments coming out of the pockets of all the rest of us Americans who routinely pay all our taxes due??? What kind of justice is that - guess we should all stop paying taxes and just settle when the time is right?????

2006-11-08 15:26:27 · 5 answers · asked by Kingfisher1098 1

I have 3000 Income as a laywer and 2000 loss from a trade business. Does this 2000 $ loss decrease my Income tax and my self-employment tax

2006-11-08 14:29:51 · 3 answers · asked by Frank L 1