|
|
| *The Commerce Journal>>>Other Taxes |
What is a graduated income tax? |
i need an in detail definition for school :] it is where the tax rate increases with the more taxable income you have. It means the exact same thing as a progressive income tax, which I have attached a link from wikipedia about. Source(s): http://en.wikipedia.org/wiki/graduated_i... Income tax system in which those with higher incomes pay taxes at higher rates than those with lower incomes; also called graduated tax. The U.S. Income tax system is based on the concept of progressivity. There are several tax brackets, based on the taxpayer's income, which determine the tax rate that applies to each taxpayer. |
| Tags |
| Boston Austin Atlanta Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes |
| Related information |
In 1797 William Pitt, the English Prime Minister, introduced a tax on all privately owned watches and clocks in Great Britain. Source(s): ... 45% tax on your commission? I'm assuming that that 45% covers federal, social security, medicare, and state withholding. Payroll can't not withhold social security and medicare taxes... You don't unless they are incorporated within the US. You'd only issue them a 1099 to create the need for them to report US income, but if they aren't based in the US there's... There are several types of stock options so this answer is far from "perfect". You may have some options to roll this money into an IRA but that determination is beyond the inform... Gross is before any taxes and deductions, net is after those.... Gratuity = tip paid by customers (answers your 2nd part of this question). Commission is what you get from your employer for meeting a quota or for each sale you make (example, shoe salesma... www.paycheckcity.com is a paycheck calculator to help you figure out how much you should have withheld from your paycheck. You should be able to figure out your net paycheck that way. ... cash ledger would be recording cash in or cash out, and would have nothing to do with adjusting entries.... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |