answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is Allowance taxes?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is family planning allowance exempted from income tax?

There is a family planning allowance for families to be exempt on taxes. Taxes must be filed every year if someone is working.


What is the difference between exemption and withholding allowance?

An exemption basically is something you use to lower your taxes, or something you do not have to pay taxes on, such as a child or student loan interest. A withholding allowance is how much the employer withholds from your check in taxes after exemptions are calculated.


What is a delivery allowance when buying a car?

Delivery allowance is a manufacturer to retailer incentive which is deducted from the negotiated price before taxes and varies by vehicle.


What is an individuals income before taxes are paid called?

In GB it's the personal allowance


What is the federal mileage allowance for volunteer work?

The federal mileage allowance for volunteer work if $.14 per mile. All mileage can be claimed when filing your taxes.


What is non exempt equity?

Non exempt equity is the portion of something that exceeds the maximum allowance for taxes by law. This means you will only have to pay taxes on part of the equity and not the whole thing.


Can you draw unemployment if you were getting paid on a living allowance but paid city state and federal taxes?

The question does not concern whether you are paying taxes, as that is not a criteria. What is important is what is the "living allowance" and how the benefits are affected by it, if you qualify for the benefit in the first place. As each state sets its own requirements for unemployment benefits, you need to contact your own state for clarification.


What is importance of pattern allowance?

pattern allowance is needed as it gives shrinkage allowance, machining allowance,draft allowance,shaking allowance and distortion allowance.


What is the average daily meal allowance nationwide?

The average daily meal allowance nationwide in the United States is about $35. This is the amount that truck drivers are allowed to take as a deduction on their taxes when they are away from home. Some companies may allow more or less for their workers that have to travel.


What is the breakdown of the current IRS gas mileage allowance?

51 cents per mile It is now 50 cents per mile for 2010 income taxes


Why do you have to pay taxes if you work and retired?

Do you think that a retired AIG executive who is receiving a $10 million annual pension should be exempt from taxes? We base income taxes on how much you make. We give a generous allowance to low income people. People who make more have to pay something to support the country.


What is the ammount a parent can give to a child without being required to pay gift taxes?

You can give $13,000 in 2009 (the number changes most years) without having to report it or file a gift tax return. If you give more than that, you have to file a gift tax return. The excess over $13,000 is subtracted from both your lifetime gift tax allowance and from your estate tax allowance. Once your $1 million lifetime gift tax allowance is used up, you have to start paying gift taxes. Once your estate tax allowance is used up, after your death your estate will have to pay estate taxes. Note that tuition paid directly to an educational institution or medical bills paid directly to a medical services provider on behalf of your child (or anyone else) do not count. You can pay as much of either of those as you want and it will not count against your annual or lifetime limits.