BrainKing - Diskussionsforum (Politics)

Moderator: Vikings

Politics

Forum for discussing local and world politics and issues. All views are welcomed. Let your opinions be heard on current news and politics.

All standard guidelines apply to this board, No Flaming, No Taunting, No Foul Language,No sexual innuendos,etc..

As politics can be a volatile subject, please consider how you would feel if your comment were directed toward yourself.

Any post deemed to be in violation of guidelines will be deleted or edited without warning or notification. Any continued misbehavior will result in a ban or hidden status, so please play nice!!!

*"Moderators are here for a reason. If a moderator (or Global Moderator or Fencer) requests that a discussion on a certain subject to cease - for whatever reason - please respect these wishes. Failure to do so may result in being hidden, or banned."

Förteckning över diskussionsforum

Läge: Alla kan skriva

Visa äldsta meddelandena först.

8. augusti 2011, 22:13:11

Mort

visa denna användares inlägg | visa tidigare inlägg | länk

A positive income liability.. would you explain that to me Dan.

"A positive income tax liability is the amount of income tax that a
taxpayer owes to the federal government after subtracting all of their
deductions (e.g., standard deduction/itemized deductions and
deduction for personal exemptions) from their income and taking into
account non-refundable tax credits (other than the child tax credit).
For example, if a married couple filing jointly with two children
receives $26,000 of income and takes the standard deduction of
$10,900 as well as the deduction for personal exemptions of $13,600,
their taxable income would be $1,500. Based on this taxable income,
their positive income tax liability would be $150."

Is this right?