Andrea is an accountant who lives in the state of Texas. Which tax is she exempt from?
Andrea is an accountant residing in Texas. Which specific tax exemptions apply to her situation?
10 Answers
None. She pays all taxes that are required of her. There are no exemptions from tax merely because she is an accountant.
While TX does not have a personal income tax, she’s not “exempt” since the tax does not exist. She still pays FICA taxes and federal income taxes as well as sales taxes in TX. She also pays property taxes, either directly if she owns her home or indirectly if she is a renter.
she is not exempt from any tax
there is no state income tax in Texas, she still pays her federal income tax, any sales tax on what she purchases and especially the communication’s taxes on phone and internet
None. TX has no state income tax though, but she isn’t exempt from it, it just doesn’t exist.
No property tax if she is a renter and no state income tax, either. An accountant would know that, however…
Related Questions
I was watching the movie "Crimson Tide" and became curious about the ranks within a U.S. nuclear submarine. Specifically...
What principle was firmly established by the Supreme Court case McCulloch v. Maryland? a. State governments can overrule...
Why is the Ku Klux Klan retweeting Donald Trump, Jeff Sessions, and Steve King so frequently, yet somehow liberals are b...
What happened to Raab's wife? Could you provide more context or details about the situation you are referring to? Thank...
Does Wells Fargo Bank open on Sundays in Bakersfield, California, specifically at the intersection of White Lane and Gos...
Please find below the present and future values for different interest rates. Compounding and discounting occur annually...
I’m trying to make my car payment online, and it’s asking for a bank account nickname. What does that mean, and what sho...
What is the reason that all shareholders tend to agree on a common goal for the financial manager?
Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014. Instructions: Prepare the...
On December 31, Fighting Okra Cooking Services reported the following revenues and expenses.