0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What helped unite China during the Han Dynasty?
the things that made them more unified are the roads that were built,trade goods were taxed,the first chinese history book was written,civil service was started.for the first time anyone who passed a civil service test could work for the goverment.these were the things that made china more unified. you are welcome for the answer.
How did the unfair tax system cons tribute to France's financial problems?
there were three estates in france and the poorest ones were taxed the most
Who taxed the colonists during the townshend acts?
Parliament taxed the colonists
Was America taxed in the Stamp Act?
Yes, America was taxed in the Stamp Act in 1765
What is a tax required before voting?
A poll tax is a tax required before voting. It was used primarily after the Civil War when the South taxed voters in an attempt to bar blacks and poor whites from voting.
Do retired teachers pay income tax in Arizona?
Yes. Social Security and Railroad Retirement benefits are exempt. Up to $2,500 total of military, civil service, and Arizona state/local government pensions are also exempt. All out-of-state government pensions are fully taxed.
If you are on a disability retirement pension from government service which is not taxed will social security income be affected?
Yes it could affect the amount of your SSB that could become taxable income on your 1040 income tax return.
Will you be taxed on withdrawl from your 401k at age 65?
Yes, withdrawals from a 401k are taxed as ordinary income. The tax treatment will depend on your total income in retirement and current tax laws.
What is a Roth IRA and how can one go about investing in one?
IRA stands for individual retirement account. A Roth IRA is a retirement account that you put money into in order to invest. The money you put in has already been taxed on your income tax returns. You put money in, invest it, it grows(hopefully), and when you take it out at retirement, the gains on your investments don't get taxed. If you take it out before retirement, however, there are tax penalties, so don't take it out. You can get a Roth IRA for free from most banks and online stock trading companies. Roth IRA's are different from Traditional 401k's in that you put money in a Traditional 401k through your employer pre-tax and the gains get taxed when you take it out at retirement.
Do Florida resident's retirement pay get taxed?
Florida does not have a state income tax, so retirement pay, including pensions and Social Security benefits, is not taxed at the state level. However, federal income tax may still apply depending on the amount of retirement income and other factors.
Who collecting Texas state taxes?
Texas does not have any Personal Income TaxesNo state personal income tax and Retirement Income: Not taxed
What are some of the advantages of a business retirement plan?
Some of the benefits of setting up a retirement plan are reducing taxable income, available saver's credit, and improvement of financial security for retirement. The gains on these accounts are not taxed until distributed and the contributions can easily be made through payroll deduction.
What helped unite China during the Han Dynasty?
the things that made them more unified are the roads that were built,trade goods were taxed,the first chinese history book was written,civil service was started.for the first time anyone who passed a civil service test could work for the goverment.these were the things that made china more unified. you are welcome for the answer.
Can you liquidate your 401k after quitting your job?
Because this is a retirement fund there will be a penalty for not rolling it into another retirement fund but you can liquidate it. You would be charged 10% penalty plus the amount would count and be taxed as normal income in the year that you take it out.
Why is railroad retirement not taxed?
Railroad retirement benegits are subject to Federal Income tax. Tier 1 of Railroad retirement has the same treatment regarding income taxes as does Social Security benefits. Tier 2 of Railroad Retirement benefits are subject to Federal income tax just like other company pensions. Railroad Retirement Unemployment benefits receive the same tax requirements as do State unemployment benefits.
Is a 401 K a Roth account?
No, the 401(k) and Roth IRA are not the same type of retirement savings accounts. The 401(k) takes pre-tax dollars from an employees paycheck and deposits them into an account that could be partially or wholly matched by the employer. The Roth IRA, however, sets taxed dollars into an account where the growth or gains are not taxed at the retirement age of 59 1/2. When funds are withdrawn at or after 59 1/2 years of age, the 401(k) distributions will be taxed at the time of distribution.
What is a Roth IRA contribution?
A Roth IRA is a certain type of retirement plan under US law that is generally not taxed, provided certain conditions are met. The tax law of the United States allows a tax reduction on a limited amount of saving for retirement.
