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Which of the following types of income is not subject to the “kiddie tax?” (Points : 5) Interest income Dividend income Salary income Capital gains on stock sales
Salary Income is not subject to the “kiddie tax."
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Asked 2/17/2013 12:59:11 PM
Updated 2/19/2013 6:44:19 AM
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Salary Income is not subject to the “kiddie tax."

Added 2/19/2013 6:44:19 AM
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If tax deposits are made on time, there is no penalty for late filing of Form 941. (Points : 5)
Weegy: false, there is a late filing penalty for late filing. ............. (More)
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Every employer has the right to choose the method (electronic or paper coupon) of depositing employment taxes. (Points : 5) True False
Question
Updated 240 days ago|6/25/2016 10:25:22 AM
1 Answer/Comment
Every employer has the right to choose the method (electronic or paper coupon) of depositing employment taxes. FALSE
Added 240 days ago|6/25/2016 8:43:20 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [6/25/2016 10:25:24 AM], Rated good by jeifunk
Which of the following miscellaneous deductions are not subject to the 2 percent of adjusted gross income limitation? (Points : 5) Unreimbursed employee business expenses Investment expenses Union dues Gambling losses to the extent of gambling winnings None of the above
Question
Not Answered
Updated 2/17/2013 12:57:42 PM
1 Answer/Comment
Gambling losses to the extent of gambling winnings are are not subject to the 2 percent of adjusted gross income limitation.
Added 2/17/2013 12:57:42 PM
This answer has been added to the Weegy Knowledgebase
If personal property is completely destroyed, the casualty loss deduction is still reduced by a floor amount. (Points : 5) True False
Question
Not Answered
Updated 42 days ago|1/9/2017 11:06:32 AM
1 Answer/Comment
If personal property is completely destroyed, the casualty loss deduction is still reduced by a floor amount. TRUE.
Added 42 days ago|1/9/2017 11:06:32 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [1/9/2017 2:11:50 PM]
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