Is it possible for the tax rate to pay for governent spending?
Q. If an increase in government spending increases income by a multiple (spending multiplier) but results in an increase in budget deficit; and a tax on income decreases income but raises income for the government (reducing the budget deficit)--is it possible for the government to set the tax rate at a level that the income earned by government could pay for government spending?
Asked by flying p - Wed Apr 9 13:04:27 2008 - - 2 Answers - 0 Comments
A. Sure it's possible. The problem is that voters like spending but don't like taxes, so it's easy for a politician who is more interested in the next election than the long term interest of the country to just borrow money and spend without paying for it. You should always remember that spending dictates taxing. Any politician (including but not exclusively ones named Bush) who increases spending but claims to cut taxes isn't really cutting taxes at all. He's just transferring taxes to future taxpayers. Note: if you're under 55 or so, 'future taxpayers' means you. The bill for the phony Bush 'tax cuts' is coming, and it will come sooner rather than later.
Answered by A M Frantz - Wed Apr 9 13:30:02 2008
Q. If an increase in government spending increases income by a multiple (spending multiplier) but results in an increase in budget deficit; and a tax on income decreases income but raises income for the government (reducing the budget deficit)--is it possible for the government to set the tax rate at a level that the income earned by government could pay for government spending?
Asked by flying p - Wed Apr 9 13:04:27 2008 - - 2 Answers - 0 Comments
A. Sure it's possible. The problem is that voters like spending but don't like taxes, so it's easy for a politician who is more interested in the next election than the long term interest of the country to just borrow money and spend without paying for it. You should always remember that spending dictates taxing. Any politician (including but not exclusively ones named Bush) who increases spending but claims to cut taxes isn't really cutting taxes at all. He's just transferring taxes to future taxpayers. Note: if you're under 55 or so, 'future taxpayers' means you. The bill for the phony Bush 'tax cuts' is coming, and it will come sooner rather than later.
Answered by A M Frantz - Wed Apr 9 13:30:02 2008
Are my recent dividend reinvestments taxed at the short term or long term capital gains tax rate?
Q. I have a regular brokerage account (not tax deferred). I bought a mutual fund a number of years ago, and over the years the dividends have been reinvested in the same fund. This year, I was advised to rebalance my portfolio, so I sold all of this mutual fund. Unfortunately, the last dividend reinvestments were within the last year. So the question is, does this reinvestment cause my entire mutual fund sale to be taxed at the long-term or the short-term capital gains tax rate? Or is the recent reinvestment portion short term and everything else long term? If so, what do I use for the tax basis for all of that? It's not the dividends I am asking about. It is the reinvestments of them. When I sold the mutual fund, all of the fund, including… [cont.]
Asked by Edwin H - Fri Sep 21 18:20:00 2007 - - 4 Answers - 0 Comments
A. Your second description of how the gain(loss) is handled is correct. Every year when your mutual fund issued the dividends, you received a 1099DIV from the mutual fund. You had to pay income taxes on those dividends, even though they were reinvested. Those taxes are already paid. In 2007 your mutual fund also issued a dividend, and again you will receive a 1099DIV showing those dividends. You will pay income taxes in 2007 on those dividends. If they are qualified dividends your tax rate will be at most 15%. Other dividends will be taxed as ordinary income. The 1099DIV will show the ordinary dividends and the qualified dividends. Now for the sale of the mutual fund. 1. Your short-term gain (or loss): Sales Price: The value of… [cont.]
Answered by ninasgramma - Sat Sep 22 11:30:23 2007
Q. I have a regular brokerage account (not tax deferred). I bought a mutual fund a number of years ago, and over the years the dividends have been reinvested in the same fund. This year, I was advised to rebalance my portfolio, so I sold all of this mutual fund. Unfortunately, the last dividend reinvestments were within the last year. So the question is, does this reinvestment cause my entire mutual fund sale to be taxed at the long-term or the short-term capital gains tax rate? Or is the recent reinvestment portion short term and everything else long term? If so, what do I use for the tax basis for all of that? It's not the dividends I am asking about. It is the reinvestments of them. When I sold the mutual fund, all of the fund, including… [cont.]
Asked by Edwin H - Fri Sep 21 18:20:00 2007 - - 4 Answers - 0 Comments
A. Your second description of how the gain(loss) is handled is correct. Every year when your mutual fund issued the dividends, you received a 1099DIV from the mutual fund. You had to pay income taxes on those dividends, even though they were reinvested. Those taxes are already paid. In 2007 your mutual fund also issued a dividend, and again you will receive a 1099DIV showing those dividends. You will pay income taxes in 2007 on those dividends. If they are qualified dividends your tax rate will be at most 15%. Other dividends will be taxed as ordinary income. The 1099DIV will show the ordinary dividends and the qualified dividends. Now for the sale of the mutual fund. 1. Your short-term gain (or loss): Sales Price: The value of… [cont.]
Answered by ninasgramma - Sat Sep 22 11:30:23 2007
What is the tax rate charged for staying at a hotel in South Carolina?
Q. One would think this information would be readily available but apparently not! I am traveling to SC for business soon and just need to know the tax rate charged on hotel rooms so I can ask my employer for the correct amount to be advanced to me. I don't need to know what it's called, the history, the reason or anything else. I don't care. There are entire websites devoted to discussing SC tax code, yet none provide numbers! Thanks in advance.
Asked by Ryan A - Fri Feb 27 13:48:39 2009 - - 1 Answers - 0 Comments
A. Tax rate on lodging is currently 7% in SC.
Answered by Vee - Sat Feb 28 05:43:36 2009
Q. One would think this information would be readily available but apparently not! I am traveling to SC for business soon and just need to know the tax rate charged on hotel rooms so I can ask my employer for the correct amount to be advanced to me. I don't need to know what it's called, the history, the reason or anything else. I don't care. There are entire websites devoted to discussing SC tax code, yet none provide numbers! Thanks in advance.
Asked by Ryan A - Fri Feb 27 13:48:39 2009 - - 1 Answers - 0 Comments
A. Tax rate on lodging is currently 7% in SC.
Answered by Vee - Sat Feb 28 05:43:36 2009
How much is the tax rate in Norway for someone living alone?
Q. Do tax rates in Norway depend on what you could claim for? If I earned 600 000 NOK a year, didn't have children and lived alone, how much would be the tax rate for me?
Asked by Mateoserio18 - Sun Jun 7 23:59:24 2009 - - 2 Answers - 0 Comments
A. Your exact tax rate will depend on lots of things, like what other benefits are part of the job, whether you are considered a foreign worker or not, etc. But the standard tax + national insurance rate is about 36%, with a surtax of 9% on anything over 441 000 NOK. That puts the tax on 600K at about 244 000 NOK, or 40.7% overall. A quick check of the skatteliste supports that as approximately the average tax on that income.
Answered by Elizabeth - Mon Jun 8 00:55:24 2009
Q. Do tax rates in Norway depend on what you could claim for? If I earned 600 000 NOK a year, didn't have children and lived alone, how much would be the tax rate for me?
Asked by Mateoserio18 - Sun Jun 7 23:59:24 2009 - - 2 Answers - 0 Comments
A. Your exact tax rate will depend on lots of things, like what other benefits are part of the job, whether you are considered a foreign worker or not, etc. But the standard tax + national insurance rate is about 36%, with a surtax of 9% on anything over 441 000 NOK. That puts the tax on 600K at about 244 000 NOK, or 40.7% overall. A quick check of the skatteliste supports that as approximately the average tax on that income.
Answered by Elizabeth - Mon Jun 8 00:55:24 2009
Why is my federal tax rate so much higher for bonus pay?
Q. Hi, I work in a job where I make bonus pay each month. I have a salary and then any hours over 150 each month is counted as bonus pay. I have noticed that my effective tax rate for regular pay is about 10% but about 25% for my bonus pay. Why is this? Is there something that I can change to reduce that rate?
Asked by dsjnix - Mon Jun 18 07:14:19 2007 - - 4 Answers - 0 Comments
A. just means you'll be getting a fatter return when you file. Wages and bonuses are all taxed at the same rate, they probably just withhold more from your bonuses just to be safe. safe meaning if somehow these extra bonuses put u in the next higher marginal tax bracket, the amount they withhold will be sufficient enough to cover the amount due on tax day..
Answered by mrxslim - Mon Jun 18 07:22:20 2007
Q. Hi, I work in a job where I make bonus pay each month. I have a salary and then any hours over 150 each month is counted as bonus pay. I have noticed that my effective tax rate for regular pay is about 10% but about 25% for my bonus pay. Why is this? Is there something that I can change to reduce that rate?
Asked by dsjnix - Mon Jun 18 07:14:19 2007 - - 4 Answers - 0 Comments
A. just means you'll be getting a fatter return when you file. Wages and bonuses are all taxed at the same rate, they probably just withhold more from your bonuses just to be safe. safe meaning if somehow these extra bonuses put u in the next higher marginal tax bracket, the amount they withhold will be sufficient enough to cover the amount due on tax day..
Answered by mrxslim - Mon Jun 18 07:22:20 2007
What is the marginal tax rate on an IRA calculator?
Q. I have a Roth IRA, and wanted to see how much money would be in the account in 31 years (when I'm 70) if I contribute the maximum amount per year. I was confused by the category "Marginal Tax Rate" because I thought anything I withdraw after age 59 was tax free.
Asked by Ker B - Mon Jun 30 16:09:57 2008 - - 1 Answers - 0 Comments
Q. I have a Roth IRA, and wanted to see how much money would be in the account in 31 years (when I'm 70) if I contribute the maximum amount per year. I was confused by the category "Marginal Tax Rate" because I thought anything I withdraw after age 59 was tax free.
Asked by Ker B - Mon Jun 30 16:09:57 2008 - - 1 Answers - 0 Comments
What exactly is the ten percent tax rate everyone is talking about?
Q. in politics they are talking about gordon brown abolishing the 10p tax rate and alistair darling trying to bring it back. what i dont iunderstand is what they are talking about!
Asked by loca_livie - Mon Apr 21 14:47:16 2008 - - 4 Answers - 0 Comments
A. Some years ago, the Government introduced a 10% tax band (or Lower Rate) to help the low paid, and to try to get the unemployed more motivated to work. One of Gordon Browns last acts as Chancellor of the Exchequor, was to abolish this, and start tax paying at Basic Rate (22% last year, 20% this year). this means that people earning between 5646 and 16501 will be worse off, and have to pay more tax. People earning below or over those figures will be better off. The furore is over the fact that someone earning about 8000 per annum will pay an extra 160 a year, subsidising someone, say earning 3000, who will be hundreds of pounds better off.
Answered by steffi - Mon Apr 21 18:16:35 2008
Q. in politics they are talking about gordon brown abolishing the 10p tax rate and alistair darling trying to bring it back. what i dont iunderstand is what they are talking about!
Asked by loca_livie - Mon Apr 21 14:47:16 2008 - - 4 Answers - 0 Comments
A. Some years ago, the Government introduced a 10% tax band (or Lower Rate) to help the low paid, and to try to get the unemployed more motivated to work. One of Gordon Browns last acts as Chancellor of the Exchequor, was to abolish this, and start tax paying at Basic Rate (22% last year, 20% this year). this means that people earning between 5646 and 16501 will be worse off, and have to pay more tax. People earning below or over those figures will be better off. The furore is over the fact that someone earning about 8000 per annum will pay an extra 160 a year, subsidising someone, say earning 3000, who will be hundreds of pounds better off.
Answered by steffi - Mon Apr 21 18:16:35 2008
What is a fair income and capital gains tax rate for the rich to pay?
Q. In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income. Shouldn't we lower their tax rate to make it more fair?
Asked by Blue Dog Democrat - Sat Feb 28 10:03:08 2009 - - 8 Answers - 0 Comments
A. I agree. What people are mad at is the wealth these people have already attained and been taxed for. Apparently because they hold so much wealth, people feel they should pay more of their income...which is ridiculous.
Answered by zaza 1ST GRANDCHILD 2/2010!!! - Sat Feb 28 10:09:49 2009
Q. In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income. Shouldn't we lower their tax rate to make it more fair?
Asked by Blue Dog Democrat - Sat Feb 28 10:03:08 2009 - - 8 Answers - 0 Comments
A. I agree. What people are mad at is the wealth these people have already attained and been taxed for. Apparently because they hold so much wealth, people feel they should pay more of their income...which is ridiculous.
Answered by zaza 1ST GRANDCHILD 2/2010!!! - Sat Feb 28 10:09:49 2009
When calculating tax savings from mortgage interest, should you use your marginal tax rate or average tax rate
Q. The TurboTax and HR Block quick calulators appear to use average tax rate to determine tax savings. Our average tax rate was 15% this year. Most other calculators specifically designed for calculating mortgage interest tax savings use marginal tax rate, which for us is 25%. Which are we supposed to use for an accurate estimation of our tax savings? We're thinking of buying a home and this weighs heavily in our decision process.
Asked by Ryan - Thu Mar 13 23:44:33 2008 - - 6 Answers - 0 Comments
A. Compute your tax with out a home then add the home and see how much it changes. If you get the standard deduction for a couple it is over 10,000 so that part is no savings. When you have a house you have property taxes and interest to deduct plus then your state income or sales tax and charity is deductable. If you aren't doing charity and pay $3,000 for property tax only any interest over about 6K will reduce your tax and it will reduce it at your marginal rate so you will save 25% of 6K or about 1,500 maybe 2,000 if you have high state taxes.
Answered by shipwreck - Thu Mar 13 23:50:03 2008
Q. The TurboTax and HR Block quick calulators appear to use average tax rate to determine tax savings. Our average tax rate was 15% this year. Most other calculators specifically designed for calculating mortgage interest tax savings use marginal tax rate, which for us is 25%. Which are we supposed to use for an accurate estimation of our tax savings? We're thinking of buying a home and this weighs heavily in our decision process.
Asked by Ryan - Thu Mar 13 23:44:33 2008 - - 6 Answers - 0 Comments
A. Compute your tax with out a home then add the home and see how much it changes. If you get the standard deduction for a couple it is over 10,000 so that part is no savings. When you have a house you have property taxes and interest to deduct plus then your state income or sales tax and charity is deductable. If you aren't doing charity and pay $3,000 for property tax only any interest over about 6K will reduce your tax and it will reduce it at your marginal rate so you will save 25% of 6K or about 1,500 maybe 2,000 if you have high state taxes.
Answered by shipwreck - Thu Mar 13 23:50:03 2008
Can the govt set the tax rate at a level where income earned by govt could pay for govt spending?
Q. An increase in govt spending increases income by a multiple (spending multiplier) but it results in an increase in budget deficit. A tax on income, on the other hand, decreases income but it raises income for govt (reducing budget deficit). My question is, is it possible for the govt to set the tax rate at a level that the income earned by govt could pay for the govt spending? If so, can how??? Thank you!
Asked by islo - Thu Apr 9 03:19:48 2009 - - 2 Answers - 0 Comments
A. From the end of WWII until 1969 the government had very small deficits and sometime surpluses, so it is clearly possible. Even in the last years of the Clinton administration revenues came close to covering outlays. The problem we have with chronic deficits is political not due to economics. The government outlays have been nearly constant 22% of GDP for nearly 60 years so the difference between now and when we did not run deficits is revenues not spending.
Answered by meg - Thu Apr 9 05:31:23 2009
Q. An increase in govt spending increases income by a multiple (spending multiplier) but it results in an increase in budget deficit. A tax on income, on the other hand, decreases income but it raises income for govt (reducing budget deficit). My question is, is it possible for the govt to set the tax rate at a level that the income earned by govt could pay for the govt spending? If so, can how??? Thank you!
Asked by islo - Thu Apr 9 03:19:48 2009 - - 2 Answers - 0 Comments
A. From the end of WWII until 1969 the government had very small deficits and sometime surpluses, so it is clearly possible. Even in the last years of the Clinton administration revenues came close to covering outlays. The problem we have with chronic deficits is political not due to economics. The government outlays have been nearly constant 22% of GDP for nearly 60 years so the difference between now and when we did not run deficits is revenues not spending.
Answered by meg - Thu Apr 9 05:31:23 2009
Where can I look up the property tax rate in Bexar county?
Q. I am well aware of the county assessor's web site, but more specifically, what is the property tax rate?
Asked by notorious_buick - Tue Apr 15 08:38:24 2008 - - 2 Answers - 0 Comments
A. call them and ask. they should be able to tell you what the rate is. but if it is anything like here in small town illinois, there are many variables to consider. we do not have a simple flat rate, different entities (ie...fire protection district, library district, school or municipal bonds...) have a different rate
Answered by dances with cats - Tue Apr 15 08:57:31 2008
Q. I am well aware of the county assessor's web site, but more specifically, what is the property tax rate?
Asked by notorious_buick - Tue Apr 15 08:38:24 2008 - - 2 Answers - 0 Comments
A. call them and ask. they should be able to tell you what the rate is. but if it is anything like here in small town illinois, there are many variables to consider. we do not have a simple flat rate, different entities (ie...fire protection district, library district, school or municipal bonds...) have a different rate
Answered by dances with cats - Tue Apr 15 08:57:31 2008
What is the sales tax rate for illinois right now?
Q. Where can I find the sales tax rate for the state of Illinois? I tried to do a search but simply could not find it. I thought I read it was the highest in the U.S. and that it's 10.25% now. Thanks.
Asked by AsianDude - Tue Apr 8 06:07:19 2008 - - 3 Answers - 0 Comments
A. Check out the following links: and https://www.revenue.state .il.us/app/trii/
Answered by Anony - Thu Apr 10 00:59:12 2008
Q. Where can I find the sales tax rate for the state of Illinois? I tried to do a search but simply could not find it. I thought I read it was the highest in the U.S. and that it's 10.25% now. Thanks.
Asked by AsianDude - Tue Apr 8 06:07:19 2008 - - 3 Answers - 0 Comments
A. Check out the following links: and https://www.revenue.state .il.us/app/trii/
Answered by Anony - Thu Apr 10 00:59:12 2008
What is the tax rate that you pay on employee stock options that sell when a new company buys you out?
Q. Another compay is purchasing the compay I work for. All of the employees have stock. I heard we will be paid for them by the new buyer. What is the tax rate that I will have to pay and what can I do with the money to reduce my taxes?
Asked by bud - Sun Aug 12 00:14:16 2007 - - 1 Answers - 0 Comments
A. I have attached a guide to stock options, but from what I've been reading they are taxed at your regular tax rate.
Answered by PepsiLime - Mon Aug 13 13:33:08 2007
Q. Another compay is purchasing the compay I work for. All of the employees have stock. I heard we will be paid for them by the new buyer. What is the tax rate that I will have to pay and what can I do with the money to reduce my taxes?
Asked by bud - Sun Aug 12 00:14:16 2007 - - 1 Answers - 0 Comments
A. I have attached a guide to stock options, but from what I've been reading they are taxed at your regular tax rate.
Answered by PepsiLime - Mon Aug 13 13:33:08 2007
How to get a marginal tax rate?
Q. What formula do I use to get a marginal tax rate from two numbers? I am given two numbers and ask to find the marginal tax rate (assuming a tax table does not exist).
Asked by Northie - Mon Nov 10 12:13:03 2008 - - 4 Answers - 0 Comments
A. The "marginal rate" is the rate the next dollar is taxed at. If there is a marginal rate, it implies a tax table/schedule. The IRS tax table, for example, is in its instruction book. for 2007, p 87 For example, for single taxable income. 0-7825 is 10% over 7825 is 15% over 31850 is 25% over 77100 is 28% over 160850 is 33% over 348700 is 35% different schedules for married, hoh, etc. Expect it to go up,
Answered by Chuckie O - Mon Nov 10 12:39:40 2008
Q. What formula do I use to get a marginal tax rate from two numbers? I am given two numbers and ask to find the marginal tax rate (assuming a tax table does not exist).
Asked by Northie - Mon Nov 10 12:13:03 2008 - - 4 Answers - 0 Comments
A. The "marginal rate" is the rate the next dollar is taxed at. If there is a marginal rate, it implies a tax table/schedule. The IRS tax table, for example, is in its instruction book. for 2007, p 87 For example, for single taxable income. 0-7825 is 10% over 7825 is 15% over 31850 is 25% over 77100 is 28% over 160850 is 33% over 348700 is 35% different schedules for married, hoh, etc. Expect it to go up,
Answered by Chuckie O - Mon Nov 10 12:39:40 2008
What is the tax rate on thecancellation of debt?
Q. If my debt was $3000 and my creditor forgave $2000. What would be the approx rate or amount that we need to prepare to pay to the IRS? Is there a tax table available online for this? Or a general rate?
Asked by hasley2699 - Thu Nov 6 18:10:10 2008 - - 6 Answers - 0 Comments
A. Same as ordinary income
Answered by wartz - Thu Nov 6 18:31:45 2008
Q. If my debt was $3000 and my creditor forgave $2000. What would be the approx rate or amount that we need to prepare to pay to the IRS? Is there a tax table available online for this? Or a general rate?
Asked by hasley2699 - Thu Nov 6 18:10:10 2008 - - 6 Answers - 0 Comments
A. Same as ordinary income
Answered by wartz - Thu Nov 6 18:31:45 2008
Can someone tell me the exact tax rate for social security and medicare?
Q. Can someone tell me the exact tax rate for social security and medicare?
Asked by Tyler R - Fri Aug 31 00:12:00 2007 - - 2 Answers - 0 Comments
A. Wartz is correct: 6.2% social security and 1.45% medicare on earned income only. Unearned income is not subject to SS and medicare taxes. On self-employment income you pay 15.3% SS and medicare taxes; this is called Self employment tax.
Answered by MukatA - Fri Aug 31 03:15:37 2007
Q. Can someone tell me the exact tax rate for social security and medicare?
Asked by Tyler R - Fri Aug 31 00:12:00 2007 - - 2 Answers - 0 Comments
A. Wartz is correct: 6.2% social security and 1.45% medicare on earned income only. Unearned income is not subject to SS and medicare taxes. On self-employment income you pay 15.3% SS and medicare taxes; this is called Self employment tax.
Answered by MukatA - Fri Aug 31 03:15:37 2007
What is the tax rate for short-term and long term gain in stocks in USA?
Q. What is the short-term and long-term gain tax rate in the stock market in USA? Some say it depends on your income bracket but some say there is a tax rate for stocks. I don't know which one is correct. Thanks for helping.
Asked by Bull Market - Wed Jun 3 14:38:50 2009 - - 3 Answers - 0 Comments
A. Short term is "ordinary" which means it's taxed like any other income--the more income you have, the higher the rate. Long term is taxed at a better rate. Max of 15%. If this isn't stock but a collectible, the max long term rate is 28%. For non-residents who live in the USA for more than 183 days, the tax rate is 30%. For non-residents who do not meet the 183 day test, most stocks would be taxed at zero.
Answered by the tax lady - Wed Jun 3 14:42:16 2009
Q. What is the short-term and long-term gain tax rate in the stock market in USA? Some say it depends on your income bracket but some say there is a tax rate for stocks. I don't know which one is correct. Thanks for helping.
Asked by Bull Market - Wed Jun 3 14:38:50 2009 - - 3 Answers - 0 Comments
A. Short term is "ordinary" which means it's taxed like any other income--the more income you have, the higher the rate. Long term is taxed at a better rate. Max of 15%. If this isn't stock but a collectible, the max long term rate is 28%. For non-residents who live in the USA for more than 183 days, the tax rate is 30%. For non-residents who do not meet the 183 day test, most stocks would be taxed at zero.
Answered by the tax lady - Wed Jun 3 14:42:16 2009
What is the sales tax rate on alcohol in texas?
Q. First, is there one, and if so, is it different than the typical 8.25% sales tax rate? Thanks in advance.
Asked by SPA - Tue Dec 12 17:08:46 2006 - - 1 Answers - 0 Comments
A. This link should get you your answer.
Answered by unknown - Thu Dec 14 11:07:41 2006
Q. First, is there one, and if so, is it different than the typical 8.25% sales tax rate? Thanks in advance.
Asked by SPA - Tue Dec 12 17:08:46 2006 - - 1 Answers - 0 Comments
A. This link should get you your answer.
Answered by unknown - Thu Dec 14 11:07:41 2006
I would like to know the payroll or other tax rate in Bermuda?
Q. I am an US citizen and planning to relocate to Bermuda (with a salary of BD 120,000). What are the employee's deduction rate on payroll tax or others (statutory requirements) in Bermuda? I guess I also need to file the income tax to IRS, too.
Asked by Steven - Wed Sep 2 16:02:17 2009 - - -5 Answers - 0 Comments
A. Dear see Keep using answers.yahoo.com
Answered by Robert - Wed Sep 2 16:07:44 2009
Q. I am an US citizen and planning to relocate to Bermuda (with a salary of BD 120,000). What are the employee's deduction rate on payroll tax or others (statutory requirements) in Bermuda? I guess I also need to file the income tax to IRS, too.
Asked by Steven - Wed Sep 2 16:02:17 2009 - - -5 Answers - 0 Comments
A. Dear see Keep using answers.yahoo.com
Answered by Robert - Wed Sep 2 16:07:44 2009
How do I get the percentage of a sales tax rate?
Q. I'm not that great at algebra which is what I'm taking in college right now so could someone please help me solve this problem and explain to me how you did it please? The sales tax is $44.75 on the purchase of a dining room set for $895. Find the sales tax rate. The answer of course is a percentage but I'm just not sure how to go about finding the answer. Thanks in advance.
Asked by msredbone21 - Wed Sep 10 21:00:40 2008 - - 2 Answers - 0 Comments
A. Use some simple algebra. $44.75 = (what percent) of $895 traslate that into math terms 44.75=x895 x=44.75/895 x=.05 or 5 percent
Answered by carey_ball - Wed Sep 10 21:05:47 2008
Q. I'm not that great at algebra which is what I'm taking in college right now so could someone please help me solve this problem and explain to me how you did it please? The sales tax is $44.75 on the purchase of a dining room set for $895. Find the sales tax rate. The answer of course is a percentage but I'm just not sure how to go about finding the answer. Thanks in advance.
Asked by msredbone21 - Wed Sep 10 21:00:40 2008 - - 2 Answers - 0 Comments
A. Use some simple algebra. $44.75 = (what percent) of $895 traslate that into math terms 44.75=x895 x=44.75/895 x=.05 or 5 percent
Answered by carey_ball - Wed Sep 10 21:05:47 2008
From Yahoo Answer Search: 'tax rate'
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Robert L. Ehrlich Jr., a Republican, and is continuing due to high tax rates and a slow economy, Brinkley said. "Whatever happens with the referendum, ...
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standard California Tax Rate you can define Rate 1 as 8 and Rate 2 as 4 and Rate 3 as 2 For the 90064 zip code you can define Rate 1 as 9 and Rate 2 as 4 5 and Rate 3 as 2 25 If you navigate to Sales > Tax > Import Export Tax Rates you can create a batch of new Tax Rates You can upload a csv file containing a column for Country State Zip Postal Code and
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The owner of H & H Bagels, Helmer Toro, is accused of setting up a fake company every year, and then pretending to close it, to get a lower . tax rate. .
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