subject
Business, 07.10.2019 21:30 sneckoencko

Which explains a difference between income and taxable income?

income is what a person earns, while taxable income reflects deductions for various expenses.

income is what a person earns, while taxable income reflects what is left after paying federal taxes.

income is what a person earns, while taxable income reflects what is left after paying local and state taxes.

income is what a person earns, while taxable income reflects what is received from the irs in a tax refund.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 22:30
Emily sold the following investments during the year: stock date purchased date sold sales price cost basis a. 1,000 shares dot com co. 03-21-2007 02-04-2018 $20,000 $5,000 b. 500 shares big box store 05-19-2017 01-22-2018 $8,200 $7,500 c. 300 shares lotta fun, inc. 10-02-2017 09-21-2018 $3,000 $4,500 d. 700 shares local gas co. 06-17-2017 11-11-2018 $14,000 $17,000 for each stock, calculate the amount and the nature of the gain or loss.
Answers: 3
question
Business, 23.06.2019 02:10
Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.
Answers: 1
question
Business, 23.06.2019 11:40
Tony is a wheat farmer, but he also spends part of his day teaching guitar lessons, due to the popularity of his local country western band, farmer tony has more students requesting lessons than he has time for if he is to also maintain his farming business. farmer tony charges $25 an hour for his guitar lessons. one spring day, he spends 10 hours in his fields planting $130 with of seeds on his farm. he expects that the seeds he planted will yield $300 worth of wheat a. 130 b. 260 c. 170 d. $-80
Answers: 1
question
Business, 23.06.2019 13:20
Which type of tax is imposed on specific goods and services at the time of purchase? question 12 options: estate excise general sales value-added
Answers: 1
You know the right answer?
Which explains a difference between income and taxable income?

income is what a person...
Questions
question
Mathematics, 08.02.2022 06:30
Questions on the website: 13722367