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If i sell 31,000. in 2017 and sell 38,000 in 2016 what would the correct percentage be?

Following reductions in rates announced in Budget 2016, basic rate income taxpayers are liable for CGT at 10 per cent, while those on higher rates of income tax pay 20 per cent. These rates will apply from April 6 2016.
There are higher rates, however, for gains made on the sale of residential investment properties and "carried interest" - a mechanism used in the remuneration of some highly paid investment managers.

Mar 16, 2017 | The Office Equipment & Supplies

1 Answer

Is Modified Net Income Or Cash Flow Important?

Lenders have a tendency to look more upon positive income or modified net gain than equity or collateral. A "positive net gain" factors within the owner's salary, net gain, and depreciation. Revenue and funds trends within the previous 3 years are highly looked at by lenders.

Oct 26, 2015 | Retail Supplies

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What is the full effect of double taxation?

Less disposable income for the average taxpayer, which causes less buying power, which decreases the expansion of the economy.

Nov 22, 2014 | Individual Computers & Internet

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Are gains from a CD taxable?

Unless they are in IRA or a Roth IRA account, gains from a CD are taxable as income.

Aug 19, 2013 | Finance

2 Answers

How many hours is part time before paying tax

When your total wages exceed the minimum Earnings, you will have to pay. Typically, you pay each paycheck and then file tax returns for excess contributions for a Refund.

Browser search 2012 Federal Tax Withholding info. I want to say its like $600 total annual but I easily can be wrong. Just know that the Paperboy pays income taxes.

Most of the time, employers deduct and your special status, (student, dependent,etc.) is up to you at end of year.

Don't forget FICA, Medicare type tax, State Tax, etc.

Please rate my info.

Nov 13, 2012 | Cars & Trucks

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What is net income and formula of net income?

Net income is the residual income of a person or company after adding total revenue and gains and subtracting all expenses and losses for the reporting period.(Source:Wikipedia)

In short,net income is the earned income after deducting taxes.

Net income = Total revenue - Tax - Loss - Other expenses

Oct 18, 2010 | Computers & Internet

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