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Version du 25 août 2026 à 20:45


A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. One of the local state sales tax auditors called to schedule some time to pore through our books.

Now we calculate if you find any income tax due. Assuming for the moment that a single income exists, we calculate taxable income using the cash in on the business ($20,000) and subtract fantastic deduction (which is $5,950 for 2012) less the exemption deduction (which is $3,800 for 2012). The taxable income would then be $20,000 - $5,950 - $3,800 which equals $10,250. Based on tax law the extra revenue tax due for this person would be $1,099. So, the total tax bill for this taxpayer should be $1,099 + $3,060 for a total of $4,159.

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