Taxes Questions and Answers

Do u know the approximate amount for octroi charges?




Answers: Octroi charges in most states are 2% except for maharastra and some other states where it is pretty steep. Get in touch with a commerical tax consultant to get the exact rate.
It varies 2 to 15 %

When e-filing taxes should I chose I am a full time resident of New York City if I live surrounded by Brooklyn?

This is the exact question:

Please select the statement that best describes your residency surrounded by New York City during the year 2007.

Full year
Part-Year resident only
Did not live surrounded by the city


Answers: The last time that I checked, Brooklyn be one of the five boroughs. If you lived in one or more of the five adjectives year, you're a full year resident.

How much toll exemption can you claim for have a dependent?

(California) I'm new to file taxes and basically my interview is - if I earn approximately 50k a year and I am an unmarried parent, what tax benefits am I entitled to and how much will I bring back? Can someone please explain it to a rates dummy like me? Thank you for your species help!


Answers: $3400 exemption - that's subtracted from your income earlier taxes are calculated. If the child is under 17, there's a child tariff credit of $1000 - that's subtracted directly from your tax liability, so is dollar for dollar money within your pocket. If you pay child thinking expenses so you can work, you can probably get a credit for some of that money also. Or if the child is surrounded by college, you can probably get an lessons credit for some of the tuition and fees.
Go to the Turbo Tax site. They have a free edition that you can input adjectives your info into. And you don't have to directory it, you can just use it to see what your taxes will be.

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