As an employer, there are a number of federal taxes you need to pay that relate to your employees.
Did you know even casual gambling might be taxable? From bingo to horse racing, cash and other prizes may be considered income, so you’re responsible for reporting it to the IRS. Familiarize yourself with the rules for taxes on gambling winnings to ensu
There are consequences of living big. As middle-class houses have grown larger, two things have happened. First, large houses take time to maintain, so cleaners and other low-wage service workers are required to keep thes...
Extending Time to Pay Oklahoma State Taxes Online If you're unable to pay the entire amount that you owe, the OTC permits installment payments through theOklahoma Taxpayer Access Point(OkTAP). Taxpayers can select a payment plan from two to 12 months; the minimum you must pay is $25 per ...
To qualify, you must be a W-2 employee, receive Social Security or unemployment insurance or have an investment income of less than $1,500. You must also have a Social Security number or Individual Taxpayer Identification Number and a valid state ID or passport. ...
“The effective tax rate is useful in planning and estimating the amount of taxes you need to withhold from your paycheck or pay through estimated taxes,” says Tracie L. Miller, a CPA and program chair at Franklin University in Columbus, Ohio. “It’s a quick, easy way to get a genera...
Alternative investments can further complicate your taxes by requiring additional forms. You also have less control over your total capital gains because the fund manager can sell assets at any time. These assets can outperform stocks and bonds, but it's still possible for alternatives to underperfo...
Transferring those costs to consumers may yield more profit for the business, but customers will have to pay a higher price for the same goods and services. For businesses, an increase in the PPI may back them into a corner with very few choices. They can remain price-competitive and take...
GDP provides an economic snapshot of a country, used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes, and it can be adjusted for inflation and population to provide deeper insights. ...
counties to fund public projects or operations. Like other type of bonds, they can also provide steady interest cash flow for the investors. Additionally, these bonds typically offer tax advantages since the interest earned is frequently exempt from federal and sometimes state and local taxes, too...