Explain low-income housing tax credit?

Q: In general, what kinds of tax incentives are available for rehabilitation of real estate income…

A:

Q: Discuss the different types of taxpayers.

A: there are different types of taxpayer in the Philippines it often times causes public confusion…

Q: What is the examples of estate tax?

A:

Q: Write a short reflection on taxes, who should carry the burden and who benefits from it?

A: Taxes Taxes which are considered to be one of the important source of revenues for the government…

Q: How much is the estate tax?

A: Estate Tax- It is the tax imposed on the property transferred upon the death of a person. Under…

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: What are the Federal Income tax codes and regulations for Inmates ?

A: Federal Income Tax Code Federal income tax code are refer as the tax code of a government documents…

Q: Why is the Donor's tax is the advantageous for the taxpayer? Explain

A: Donar's tax refers to the tax on a donation or gift. It is imposed on the gratuitous transfer of…

Q: What are homestead and family allowances?

A: Allowances:   It refers to a sum of money paid to an individual for a specific purpose.

Q: What is the maximum investment income a taxpayer is allowed to have and still be allowed to claim…

A: The federal government developed the earned income tax credit (EITC) to help low-income and some…

Q: Which of the following payments made by tenant would NOT be included as consideration for property…

A: Refundable deposit would not be included in consideration payment by tenant for property tax…

Q: Describe the differences between a person with a low personal discount rate and a person with a high…

A: The discount rate is the interest rate charged by the Federal Reserve Bank on short-term loans to…

Q: Give an argument in favor of taxes on wealth like the estate tax. What potential problems would…

A: Wealth tax:   It refers to the tax levied on the value of held assets. This will consist of the…

Q: What’s the difference between marginal and average tax rates?

A: The taxes are the government source of income from the general public. The tax rate are the…

Q: How do you reduce taxes by contribution to a define contribution plan?

A: Defined contribution plan: These are the retirement plans wherein the employee and/or the…

Q: What are the taxes and tax rates for individual taxpayers? Hope you can help me, thank you

A: Taxpayers are referred to as those individuals, or organizations who are obliged to pay the taxes to…

Q: What do you think about estate taxes at the state level? How do we see this play out with retirees?

A: The estate tax is a financial levy on an estate, based on the current value of its assets.

Q: What is Estate Tax?

A: An estate tax is a financial duty levy on estates whose value surpases an allowed limit set by law.…

Q: What is the American Opportunity tax credit?

A: For the first four years of higher education, the American Opportunity Tax Credit is a credit for…

Q: Average tax rate? (

A: Tax payable is calculated on the income falling within the respective slabs  The formula to…

Q: Discuss the various effects of income taxes on the ability to work, save and invest

A: Income Taxes- Individuals, entities/corporations/firms, and entities/corporations/firms are taxed on…

Q: What is an estate tax and donor tax? Give example how to compute estate and donor taxes

A: Taxes are mandatory payments placed on individuals or businesses by a government agency, whether…

Q: What are estate taxes?

A: Taxes: Taxes are the taxpayer's obligation to pay a certain amount to the tax authority on yearly…

Q: Explain the Tax Treatment of Personal and Qualified Residences?

A: Tax Treatment of Personal and Qualified Residence: During one taxable, one taxpayer can choose 2…

Q: How does Leasing offer tax advantages?

A: Lease: A contractual arrangement between the owner of the asset and the user of the asset for a…

Q: What is the maximum LITO amount payable to eligible taxpayers?

A: LITO stands for low income tax offset applicable for working Australians. Offset is different form…

Q: What are tax considerations of household employers

A: Household employee:  He is an individual who is paid to provide a service within their employer’s…

Q: Do you think taxes affect the value of real estate versus other investments?

A: Tax:   A tax is a compulsory charge or a levy imposed upon a taxpayer by a government organization…

Q: Compare the bases of the Hall-Rabushka flat tax, a broad-based general sales tax, and a…

A: Hall-Rabushka flat tax: This concept was brought by Hall and Rabushka because flat tax would be…

Q: Why every person needs tax planning?

A: Tax planning is something by which an individual or any entity can plan out on how much tax it can…

Q: Calculate Earning before interest Tax

A: EBIT (earnings before interest and taxes) is a company's net income before income tax expense and…

Q: Why might a borrower be willing to pay a higher price for a home with an assumable loan?

A: An assumable loan is a  loan that can be taken over by a purchaser, who may then continue making…

Q: Suppose a high-income person, a middle-income person, and a low-income person purchase identical…

A: Mortgage interest is one of the major items which can be deducted from the gross income that a…

Q: What is marginal tax rate?

A:

Q: What is Community Tax and give examples?

A: Tax is an involuntary payment that is levied on the citizens of a nation by the government of the…

Q: What is the maximum investment income a taxpayer is allowed to have and still be allowed to claim…

A: Investment income cannot be more than $3,500 for the 2018 tax year to claim the earned income…

Q: ous for the taxpayer? Explain

A: Meaning of Income Taxes Income taxes are the taxes which are paid on the income of an individual.…

Q: How is the federal estate tax computed?

A: Federal estates tax is the tax collected on the transfer of a person’s assets to its beneficiaries…

Q: Explain what qualifies a educational expense for the purposes of educational tax credit?

A: An education credit is a type of tax credit available to students of a post-secondary educational…

Factors Affecting Housing Decision