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Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
Who is considered a dependent for income tax?
Whoever satisfies the criteria listed in the income tax instruction booklet.
What is a imputed tax?
Imputed federal income tax would be an income tax that the IRS has calculated on some type of imputed income that was received by you and not reported on your 1040 income tax form as a part of your worldwide gross income.
Which is not considered an entitlement payment?
income tax refund
What type of tax best describe the federal income tax?
progressive
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
Can you get an income tax refund if you do not work?
Not if you did not have some income tax withheld from some type of income or if you are qualified for some type of refundable tax credit.
What type of tax is the federal income tax?
progressive tax
Is Income from illegal activities is not assessable to income tax?
ALL income form any source should be considered when calculating income tax.
Who is considered a dependent for income tax?
Whoever satisfies the criteria listed in the income tax instruction booklet.
Is a progressive tax a type of income tax?
It's a method of determining the taxable rate on income.
What is a imputed tax?
Imputed federal income tax would be an income tax that the IRS has calculated on some type of imputed income that was received by you and not reported on your 1040 income tax form as a part of your worldwide gross income.
The federal income tax uses which form of taxation?
The federal tax is considered a voluntary tax.
Why the US personal income tax is considered a progressive tax?
As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.
Which is not considered an entitlement payment?
income tax refund
Indinvidual income tax rates are usually this type of tax the higher the income the higher the tax rate?
i think its Progressive(Kaylop)
What type of tax best describe the federal income tax?
progressive
