Taxes

ag4lugy4lkajgbak4: What taxes need to be paid on a lawsuit settlement? I need to come up with a figure regarding a settlement with an insurance company because of a permanent debilitating injury to myself. The question is about how much I should expect to pay in taxes. (If it matters, I live in the state of Pennsylvania, in Pittsburgh.) If I am … [Read more...] about What taxes need to be paid on a lawsuit settlement?

fritzkied: Where can i find the Philippine Bar Questions on taxation for the year 2000-2005? Can anyone give me? I need the bar questions on taxation for the previous 5 years. State: Philippines. If there are anwers already, it would be better. Answers and Views: Answer by mapleguyYou need to look at many sites to get all the inormation. … [Read more...] about Where can i find the Philippine Bar Questions on taxation for the year 2000-2005? Can anyone give me?

MrNaytush: How do tax deductions work when you rent out your primary house? I'm going to rent out my primary (and only) house for few years, as I'm moving for work to a different state. How do i deduct the mortgage interest paid and property tax? Do I deduct it from my income tax, as usual? Do I subtract it from the rent income to reduce (or … [Read more...] about How do tax deductions work when you rent out your primary house?

dmbfans101: How can Obama "give a tax break" to people who don't pay taxes? Obama's tax break for 95% of people includes 40+% of people that do not pay taxes. Plus he is not planning to extend the Bush tax cuts, therefor increasing taxes on 49% or tax payers. Answers and Views: Answer by troopshomebyxmasHe doesn't - he gives them "earned … [Read more...] about How can Obama “give a tax break” to people who don’t pay taxes?

honeyb: much taxes would i have to pay if i was to send a co-worker on the tv show What Not To Wear? Me and a friend from work want to enter another co-worker on the show what not to wear. She is in need for a serious makeover. I was reading the contract and it said that me and my friend would be responsible for the all the taxes. My question is … [Read more...] about much taxes would i have to pay if i was to send a co-worker on the tv show What Not To Wear?

jsep20: What is the tax liability for someone that leases a business? As an employee or as an independent contractor? I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an … [Read more...] about What is the tax liability for someone that leases a business? As an employee or as an independent contractor?

Bizzy B.: What are the various taxes taken out of a typical paycheck? What are the various taxes that are taken out of a typical paycheck? Income tax, social security tax, etc. Are any of them optional? I have limited experience with this. Answers and Views: Answer by Maggie GTypically, the will take out for Federal tax, FICA(Social Security) … [Read more...] about What are the various taxes taken out of a typical paycheck?