Archive for the ‘Tax’ Category

Accountability

One of the most elusive concepts in management is accountability. In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions within the scope of a role or position, encompassing the obligation to report, and be answerable for resulting consequences. So what does this really mean? A senior manager cannot delegate responsibility, he [...]

We bought a house in Minnesota last year. Should we be getting a form for property tax deduction purposes?

Question by Minnesota_Slinger: We bought a house in Minnesota last year. Should we be getting a form for property tax deduction purposes? We bought a house last year (our primary residence) in the fall. We bought about halfway through a six-month property tax cycle. (I don’t know how other states are, but in Minnesota, people [...]

Q&A: What does it mean that the federal income tax is a progressive tax?

Question by :Anonymous:: What does it mean that the federal income tax is a progressive tax? What is a federal income tax and what is a progressive tax? What is similar about these two different taxes? Best answer: Answer by VeeveeI think it means…you always have to pay it and they charge what they feel [...]

Self employment tax?

Question by sam & jack: Self employment tax? I calculated my expected self employment income for 2006 in January of 2006 and paid $ 1500 in tax for each of the first 3 quarters; then I went on disability (had a baby) and had hardly any income for the fourth quarter (which I didnt plan [...]