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Figure Out Income Tax

This is a discussion on Figure Out Income Tax within the Other Accounting / Audit / Taxation Jobs forums, part of the Singapore Jobs - Accounting / Audit / Taxation category; Hi friends, If you know your income, you can figure out your income tax liability now, rather than waiting until ...


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Old 19-11-2012, 05:43 PM
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Default Figure Out Income Tax

Hi friends,

If you know your income, you can figure out your income tax liability now, rather than waiting until the end of the year. Doing so can help you determine whether or not you will owe money or get money back at the end of the year. While the tax code may seem complicated, the formula for computing your income tax is fairly simple. Once you know your total income, deductions and credits, you can compute your tax liability in minutes.

Thanks a lot
Gregorys simp



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