United States - November 2006

2006-11-28 06:25:32 · 5 answers · asked by Louise H 1

2006-11-28 05:33:43 · 2 answers · asked by Anonymous

My husband is making $15 an hour, and his combined taxes taken out amount to about 21% of his gross. His employer offered him a raise to $20, but my husband declined. He believes that the raise would cause his tax bracket to raise so much that he would ultimately be netting less an hour than he is at his current wage. I know that this is a widely believed myth, but I am at a loss as to how to explain it to him with my limited knowledge of taxes. Please help me explain to him that yes, his tax rate may go up a percentage point or two, but he will still see more money on his paycheck if he accepts the raise. Thank you for your help, everyone!!

2006-11-28 05:12:33 · 7 answers · asked by Dana 1

I'm taking a course for personal enrichment and I am just confuzed on why there are two different types of deductions you can claim for education, and two different types of credits for education. I would like to know the differences between Tuition and fees deduction, Student loan intrest deduction; The hope credit, and the lifetime learners credit.

2006-11-28 04:43:12 · 3 answers · asked by Anonymous

2006-11-28 04:16:42 · 5 answers · asked by eyegub 3

My boyfriend and I have a son, and last year his dad did our taxes seperate...he let my boyfriend claim our son and I was left by myself...because he said we got more back that way! I always thought you get more back if we were all together as a family and did my boyfriend did head of household.

2006-11-28 04:05:52 · 6 answers · asked by janedoe! 1

If you live and work in one State but declare another State as your State of residence. Do you have to pay taxes in both states?

2006-11-28 00:28:24 · 4 answers · asked by ? 3

Im about to be sort of self employed. Looks like im going to gross about 10k per month with about 2k in business expences. What % should I keep out each month to cover My Tax's, FICA, Medicare, and self employment tax's to be covered?

2006-11-27 23:57:32 · 2 answers · asked by bukrub66 2

2006-11-27 21:50:07 · 4 answers · asked by sweetiepie 1

2006-11-27 18:11:52 · 3 answers · asked by Anonymous

2006-11-27 16:02:17 · 2 answers · asked by rascoe627 1

I have a friend that is somewhat unreliable. He says that theres a house in my neighborhood that was foreclosed on due to unpaid taxes. The amount is only 600.00. He said we could buy it for the 600.00 but couldnt do anything with it for 3 years. Every year paying property taxes on it of about 300 a year. I told him homes like that usually go up on auction. He says it went on auction and no body purchased it. So its being sold as is for this amount. The land alone is worth 20k. I have a hard time beliving him. Could he be telling the truth? How does tax sales work? Is this plausible?

2006-11-27 13:26:47 · 2 answers · asked by hopes2graduate 1

2006-11-27 13:06:16 · 5 answers · asked by smokeyboy4u2c 1

I haven't filed taxes since 2002. In 2002 my federal return comes out they owe me roughly $1700.00. In turn for the rest of the years up til now I don't have returns for every year due to out of work wiyhout unemployment, so a couple years 2004-2005 I had 0 income but for 2002 and 2003 they owe me money. Are there any repercussions for not filing.

2006-11-27 13:01:04 · 6 answers · asked by smokeyboy4u2c 1

I am married, my wife stays home (and has all of 2006) with our only child....I think that is the prime example of H.O.H....but I am not sure. How will I benefit and how should I be filling out my W-4?Is there any way that I can find out now approx what kind of refund/pay-in I will be facing once I file my 06 taxes?

2006-11-27 11:35:57 · 9 answers · asked by Anonymous

I am only 12 years old and need this answer for my extra credit , because i am failing Computer class. Please give me a definite answer, thank you. I have tried to find the answer thousands of times, but luck hasn't helped me. I"M DESPERATE

2006-11-27 11:28:05 · 1 answers · asked by Joseph B 1

2006-11-27 11:01:41 · 4 answers · asked by Julia M 1

2006-11-27 10:03:35 · 4 answers · asked by leasegirl25 1

I have a small business--partnership. I bought a truck for 1k in March. I sold the truck for a gain. How should I treat this gain in the tax books and in the financial statements? Of course I was going to take a Sec 179 deduction but I sold the asset and not sure how to handle the small amount of gain. Thanks for any help.

2006-11-27 08:54:12 · 4 answers · asked by Anonymous

2006-11-27 07:58:39 · 2 answers · asked by wallace2004@sbcglobal.net 1

One of my friends has a Tiger Bond and she recieved a letter telling her that she will have to cash out the bond this year or the money's will be given to the government. Is this legal? I'm an accounting student so I don't know to much about bonds other than accounting for them, but this seems really odd and perhaps illegal.

2006-11-27 07:00:14 · 1 answers · asked by horrorfan 3

I'm an accounting student and I was thinking about this the other day and our text does not cover this. Do you have to report insurance money as taxable? That is if you are in an auto accident and your insurance company sends you a check do you have to report that in income or some other area, or is it exempt? My other question is if you take the insurance money's recieved and loan it to someone and they cannot pay you back can you still claim for a nonbuisness bad debt deduction and deduct the 3,000 a year until it is absorbed?

2006-11-27 06:57:46 · 4 answers · asked by horrorfan 3

is there a federal excise tax return on 2006 taxes

2006-11-27 06:48:47 · 1 answers · asked by LaVerne C 1

I was told that an international student with a valid student visa can obtain a TIN in the U.S. for tax purposes such as interest bearing accounts. Is that true? Please advise, thank you for your responses.

2006-11-27 06:44:53 · 4 answers · asked by Tuan N 2

2006-11-27 06:38:04 · 3 answers · asked by ... 4

2006-11-27 06:21:48 · 9 answers · asked by jessica2295 1

i.e. no children quick form I make such and such paid in X amount???

2006-11-27 05:39:02 · 6 answers · asked by AJC 1

2006-11-27 05:23:45 · 7 answers · asked by sethkevin 1

I just got it like 5 mins ago and was talking to a friend and she said to me that I would have to do taxes.
I don't know how and my dad does that stuff. I dont trust him to handle my money or even know how much I have in the bank.

How does one go about doing taxes!? I also file for the fafsa soon, how do I go about doing both....life just got more complicated,but its okay because Im getting old and I have to have a bank account some time in my life.

They are due on april 15th right?
I got my first paycheck a week ago and am confused. Im going to deposit it in a little while.

when I signed stuff there was talk about perjury and the like,
I am an honest person, everything was true.

so um...yeah, explain please.

thanks!!
=D

life just got more complicated,but its okay because Im getting old and I have to have a bank account some time in my life, even if it is alittle scary....

2006-11-27 05:15:03 · 9 answers · asked by Anonymous

2006-11-27 04:22:33 · 6 answers · asked by Mike S 1