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Q: Why is income tax based on individual rather than household income?
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What is traditional approach income statement?

In traditional approach income statement, overheads are charged to product based on predetermined rate rather then based on actual activity.


Where do individuals spend their income from the resources they sell?

Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year. - See more at: http://www.chacha.com/question/what-do-individuals-spend-thier-income-from-resources-they-sell#sthash.32GMh1Pg.dpuf


What is the income tax rate in Florida?

Florida does not have a broad based individual income tax. It uses other taxes to generate the funds for government.


What kind of income tax is based on your taxable income?

Income tax IS based on your income that is why it is called INCOME tax.


What is a performance based income?

Performance-based income is a type of compensation that is directly tied to an individual's performance or results. It's a pay structure in which the amount of income earned is dependent on the individual's success in meeting specific goals, targets, or objectives. This type of compensation is common in sales and commission-based roles, where an individual's income is directly tied to the amount of sales they make. In these cases, an employee may receive a base salary plus a commission on each sale they make. Performance-based income can also be found in other industries, such as finance, where an investment manager may earn a percentage of the returns generated by their portfolio. In some cases, performance-based income may also include bonuses, stock options, or other incentives that are tied to an individual's performance. The advantage of performance-based income is that it can provide a strong incentive for individuals to work hard and strive for success, which can lead to improved performance and better results for the company. However, it can also create a high-pressure work environment, and may not be suitable for everyone. My recommendation:πŸ„·πŸ…ƒπŸ…ƒπŸ„ΏπŸ…‚://πŸ…†πŸ…†πŸ…†.πŸ„³πŸ„ΈπŸ„ΆπŸ„ΈπŸ…‚πŸ…ƒπŸ„ΎπŸ…πŸ„΄24.πŸ„²πŸ„ΎπŸ„Ό/πŸ…πŸ„΄πŸ„³πŸ„ΈπŸ…/307348/πŸ…ˆπŸ„ΎπŸ…„πŸ…πŸ…‚πŸ…ƒπŸ…πŸ…„πŸ„»πŸ…ˆπŸ„ΊπŸ„½πŸ„ΎπŸ…†πŸ„»πŸ„΄πŸ…‚/

Related questions

What is an individual income tax?

Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year.


What is an individual income tax law?

Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year.


Is the child support amount based upon the ex-spouse's household income in Arizona?

No, not the whole household's income, just the ex-spouse's income. If he/she is remarried the new spouse's income does not count. Only the biological parents pay for their child.


What is a needs based scholarship?

A needs-based scholarship is one that is awarded to students based on their household income. If they are from a low-income family, they are likely to get a needs-based scholarship to help pay for college tuition.


What was the average household income in 1928?

The average household income in 1928 was about $6,000. This number was based on the people who reported their income for that year.


What is an income level?

These are income limits based on the median household income of the government agency used to provide limits on tax credit and other affordable housing.


How can you get seccion 8?

You can check with your local housing authority to see what their requirements are in qualifying for Section 8. It is based on how many members are in the household and what the household income is.


What is traditional approach income statement?

In traditional approach income statement, overheads are charged to product based on predetermined rate rather then based on actual activity.


Where do individuals spend their income from the resources they sell?

Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year. - See more at: http://www.chacha.com/question/what-do-individuals-spend-thier-income-from-resources-they-sell#sthash.32GMh1Pg.dpuf


What is the income tax rate in Florida?

Florida does not have a broad based individual income tax. It uses other taxes to generate the funds for government.


Which effort was consistent with the goals of Wilson new freedom?

establishment of a tax based on individual income


Treatment or consideration based on class or category rather than individual merit?

judgment