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3 years ago

Does Every state has a personal income tax. ( in america)

Social Studies

2 answers:

valentina_108 [34]3 years ago

5 0

Answer:

In one way or another, taxes are a part of every American's financial life. But for residents of Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming, they are off the hook for state-level personal income taxes. Additionally, two states tax dividends and investment income, but not wages

Ivahew [28]3 years ago

4 0

No every state does not. There are actually 5 states that don’t have taxation on residents income being Wyoming, Washington, Texas, Nevada, and South Dakota.

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Describe the importance of traditional skills and technology

Sati [7]

Traditional skills are an invisible thread to our ancestors and understanding how things are made helps us better understand why we are who we are. Traditional skills are an invisible thread to our ancestors and understanding how things are made helps us better understand why we are who we are.

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3 years ago

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine

ratelena [41]

According to the standard debt-to-income ratio, the person who would be rated as highest in respect of eligibility for a home loan is person C.

A home loan is an amount that has been lent for the acquisition or purchase of any house. or apartment for living.

Given values:

Persons Monthly Incomes Recurring debts

Person A $4,250 ($51,000 / 12) $350

Person B $4,833 ($58,000 / 12) $250

Person C $5,250 ($63,000 / 12) $200

Person D $5,583 ($67,000 / 12) $450

Step-1 Computation of debt-to-income ratio of person A:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$350}{\$4,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.23\%$

Step-2 Computation of debt-to-income ratio of person B:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$250}{\$4,833}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=5.18\%$

Step-3 Computation of debt-to-income ratio of person C:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$200}{\$5,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=3.80\%$

Step-4 Computation of debt-to-income ratio of person D:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$450}{\$5,583}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.06\%$

Therefore, after finding debt to income ratios of all persons, the lowest ratio comes out to be of Person C at 3.80% which ranked to be the highest.

Learn more about the debt ratio in the related link:

brainly.com/question/14553933

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1 year ago

Read 2 more answers

Why are authoritarian and totalitarian systems considered unlimited governments

kondaur [170]

The rulers have unlimited power

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3 years ago

what are some examples of behaviors that are polite, but may be interpreted as rude in some cultures and vice/versa hsc

Firlakuza [10]

Answer:

Looking directly into a person's eyes can be considered rude behavior in some cultures.

Explanation:

Looking into people's eyes is a positive behavior in our culture. This shows respect, sincerity and shows that you are paying attention and caring about the conversation that is being established.

However, in some cultures, especially in some countries in the East, this type of behavior is highly disrespectful. That's because it means that the person is being rude, rude, daring and invasive.

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3 years ago

Food is the only limiting factor that keeps populations from growing too large

agasfer [191]

This is not true! There are many other such factors.

One of them is similar to food: the availability of water.

Other is also natural disasters: tsunamis, earthquakes... they also limit population from time to time. Similarly diseases such as Aids.

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3 years ago