Archive for December, 2008
When do you start paying income tax in canada?
Hawaiian girl asked: I live in British Columbia (Canada) and I’m just wondering when you have to start paying income taxes. I am currently 14 years old and I’m planning on getting a job at tim hortons ( 8 dollars an hour). Do I have to pay income tax once I start?
What is the income of a plastic surgeon resident?
anamaria p asked: I definetly wanna study for plastic surgery. I kind of know the annual income for the surgeon. But I would like to know what my income would be as practicing for my speciality. And… what do you think about the University of Miami? Is that a good place to study medecine? Thank [...]
Did financial institutions fail to verify income and the ability to pay before they approved Mortgages?
GustavoZ asked: Until recently, borrowers could simply state their income. Mortgage brokers would often “fix” the necessary documents to obtain a no income loan. This led to an alarming number of homeowners in houses that never should have qualified for.
What amount of income is considered a middle class income for a single person?
Sam Darren asked: What amount of income do people consider to be “A middle class income” for a single person with no children? Does it start at $40,000, $50,000, or $60,000? I want to hear opinions.
What income threshold is there for private high school financial aid?
Andrea B asked: Our son is applying to private high schools in our city, which has a very high cost of living. The private school that he attends now has families who appear to be pretty well off who are receiving financial aid. Is there an income level above which you just shouldn’t [...]
What is the income limit before you have to pay taxes?
karla c asked: We are a family of five, me, my husband, an eight, four, and two year old kids. We always file a joint return and I don’t work. This year our income was $27,758. This year my husband got a raise and I am scared that we might have to pay taxes back [...]
What are the firms income tax liability and its after tax income? What are the company’s marginal and average
Trease71 asked: The Tally Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest changes of $50,000, (2) dividends received of $15,000 (3) dividends paid of $25,000 and (4) income taxes. What are the firms income tax liability and its after tax income? What are the company’s marginal [...]
Income. ++++++++++?
Rita L. asked: Which income numbers better predict future profits?
Do we pay income tax to the state we live in or the one we work in?
britt426 asked: I’ve never really thought of it because I’ve always lived in the state I worked in. I know someone looking to move to Portland,OR (where they have a huge income tax but no sales tax). Vancouver, WA is only a 15 minute drive away, so she’s thinking of moving there (where there [...]
How is income from the sale of my equity share of a business taxed?
Yoink! asked: Last year I worked for a startup as an independent contractor. I was paid in cash and also given equity shares. The company sold a few weeks ago and I received cash from the buyer in exchange for my shares. I know I’m going to have to pay taxes on [...]
