I have a tax problem. " I created the prtoblem, it is my fault " That said, I have a $400.oo monthly allowance for a vehicle. Wether I buy the vehicle or not, the money will be spent, either to IRS, or to the vehicle. I could use the vehicle, I am really not sure I deserve it. I feel if I just obey, then everything will fall into place. Should I buy the vehicle, or just let the chips fall ?
2007-05-28 09:09:19 · 3 answers · asked by Robert P 2 in Business & Finance ➔ Taxes ➔ United States
The money is included in your W-2 as income. You pay taxes at the same rate as you would if your regular earnings were $400 more that without the vehicle allowance. If your employer doesn't require you to spend it one a vehicle, it is the same as any other income for both tax and ethics purposes.
2007-05-28 13:20:32 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
Ethics is the soul of economics by way of fact each and all of the phenomena studied with the help of economics have their foundation interior the subjective value judgments of persons. Such phenomena as inflation, cost lists, industries, expenses, merchandising, procuring, all originate with the strikes of people in identifying no remember if or no longer they choose A to B. it is incorrect to conceive of ethics and economics as separate, as a lot of people do. while a guy or woman comes to a decision no remember if to area with a definite sum of money to purchase a definite product, he refers to his inner scale of values. those values incorporate *all* his values, alongside with ethical values.
2016-10-06 05:00:01 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Do you have a car? If you do and it is crappy, trade it in for a better car and use the money you have been allotted. The government is giving you money, so help pay others bills with it by buying a car.
2007-05-28 09:18:27 · answer #3 · answered by rotcfreak1 5 · 0⤊ 0⤋