explain in full any tax advantage we get from increasing pension contributions and if there is a cap on the amount we can contribute? British taxation

Q: 1. What is Capital Gains Tax? 2. What is Documentary Stamp Tax ?

A: The answer is provided below:

Q: The Tax rates for 2018 is wrong can you fix it?

A: Tax rates are the rates on which are used by the taxpayer in order to compute his or her tax amount…

Q: What are all type of taxes we need to pay

A: As individuals and as entities we need to pay various direct taxes as well as indirect taxes in our…

Q: How are Social Security retirement benefits taxed?   Question 7 options:   Social Security…

A: Social Security retirement benefits are payments that are made to people who have retired and have…

Q: rate

A: 1. A higher income tax is not good for an individual, as higher income tax results in poor saving…

Q: Income taxation in the United States began in an effort to fund which of the following? the Union…

A: Income tax is a type of taxation imposed on individuals and businesses based on their income. It is…

Q: Which of the following is subject to the creditable withholding tax system?

A: Creditable withholding tax is an advance income tax of the particular tax payee. This would mean…

Q: Which of the following is not an underlying objective of the income tax laws? A. Income tax laws…

A: solution: following are the underlying objective of the income tax laws: 1. Income tax laws enable…

Q: Good day This falls under caribbean Tax. Is is possible to get some assistance on this topic please…

A: A VAT (value-added tax), known in some countries as a goods and services tax, is a type of tax that…

Q: Which of the following is not a goal of the tax law? a.Economic goals such as reduction in…

A: Solution: Following are the goal of tax law: 1. Economic goals such as reduction in unemployment. 2.…

Q: How do you calculate withholding taxes?

A: Federal income tax withholding:  The amounts which the employer withheld from employees’ gross pay…

Q: The three main tax systems used in the United States include the progressive, proportional, and…

A: The three main tax systems used in the United States are progressive, proportional, and regressive…

Q: Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on…

A: Taxation is the process by which governments collect money from individuals and businesses to fund…

Q: Chuck, a single taxpayer, earns $75, 400 in taxable income and $10, 200 in interest from an…

A: Tax refers to the amount charged by the government to the individual or organization on the income…

Q: Explain the functioning of flat taxation. Which taxpayers are usually subject to a flat tax rate?

A: Flat taxation is a taxation system where all taxpayers are subject to the same tax rate, regardless…

Q: What are FUTA and SUTA taxes? Is there any possible reduction in the FUTA tax rate? If so, what is…

A: Introduction: Employer payroll taxes are paid by the employer from its own funds on the basis of…

Q: As You Read QUESTION What could happen if your employer did not deduct federal income taxes from…

A: Introduction:- A paycheck, also known as a paycheck is a paper document issued by an employer as…

Q: What are the advantages of claiming the standard deduction versus itemizing deductions on your…

A: Income tax:   It is the tax every individual or company is liable to pay on the income generated…

Q: What is the rate of the capital gains tax of real properties in the Philippines and the tax base?

A: A capital gain tax refers to the tax levied on the profits realized from the sale of items other…

Q: from pension contribution state two other expenses that an individual may use to reduce his/her  tax…

A: A taxpayer is allowed certain deductions that can be used to reduce the taxable income and…

Q: 1. What is Donors Tax and give examples?

A: The Donor's Tax seems to be a tax on a donation or maybe even a gift that is levied on the…

Q: What percentage of the American opportunity tax credit may be refundable

A: American Opportunity Tax CreditThe American Opportunity Tax Credit (AOTC) is a tax credit for…

Q: Who should pay for the cost of social housing in the Philippines? 2. Who should carry the burden of…

A: Answer 1) Social Housing is a project that's initiated and owned  by a state, non-profit making…

Q: How to calculate Value-added tax

A: Value added tax is a type of tax that is charged by the central government on the sale of…

Q: if the government should pursue the policies that have led to allowing the exclusion of certain…

A: According to the Income-tax laws, Assessee is required to pay tax on income earned by them from all…

Q: How are national taxes similar to and/or different from local taxes?

A: National taxes refer to national internal revenue taxes imposed and collected by the national…

Q: Tax rates. The new law imposes a new tax rate structure with seven tax brackets: 10%, 12%, 22%, 24%,…

A: Here to discuss the details of impact on the new legislation which was imposed on the new tax…

Q: What are the tax implications of Social Security? Is it taxable at the Federal Level?, the State…

A: If you have other substantial income in addition to socoal security  benefits, then you have to pay…

Q: Explain the

A: The standard rate of VAT in Oman is 5% and businesses exempt will have 0 % VAT rate. Type of…

Q: Which of the following best reflects the ability-to-pay philosophy of taxation?         a tax on…

A: The tax obligation levied on the residential property under capital taxation if the owner detains…

Q: whats the best tax deduction i can get for adoption

A: Tax deduction refers to the provision which helps in decreasing or reducing the taxable income.…

Q: Distinguish between Tax Exemption and Tax Amnesty?

A:

Q: Assuming that taxes are to be raised, which tax increase would be least detrimental to long term…

A: Answer:-  Tax meaning:- A tax is compulsory financial charge which is imposed by the government on…

Q: 3. Suppose that the U.S. personal income tax system became a flat tax system, in which all taxpayers…

A: Flat rate Tax System In the flat rate tax system there must be only one tax rate which can be…

Q: Is the local property tax a regressive tax, or a progressive tax?

A: Progressive Taxes: Taxes that require high income groups to pay a larger percentage of income in…

Q: Why income tax is higher than corporate tax around the world?

A: A direct tax paid by individuals to the government for their income in terms of salaries is termed…

Q: Question 30 Which type of tax is used to finance the Social Security program in the United States?…

A: Payroll tax: An employer deduct certain amount from employee pay, which is used to fund social…

Q: Which is not a source of federal revenue? Employment taxes Estate and gift taxes Taxes on…

A: Taxes are the compulsory payment made by the assessee to the government. For example , income tax ,…

Q: le ta

A: A middle tax break may be a reduction of a taxpayer’s total liability. The term is additionally…

Q: Of the following, the most likely effect of an increase in income tax rates would be to: decrease…

A: Income Tax: Income earned by a taxable person during the previous year is subject to income tax,…

Q: Which of the following are true about Deferred Tax Liabilities? (check all that apply) In the…

A: Deferred tax liabilities and deferred tax assets arise when there are timing differences between…