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2. Income statement - Wikipedia

   en.wikipedia.org/wiki/Income_statement

   The income statement can be prepared in one of two methods. [4] The Single Step income statement totals revenues and subtracts expenses to find the bottom line. The Multi-Step income statement takes several steps to find the bottom line: starting with the gross profit, then calculating operating expenses. Then when deducted from the gross ...

3. Business and occupation tax - Wikipedia

   en.wikipedia.org/wiki/Business_and_occupation_tax

   Ohio phased out its net income tax on businesses and instituted a gross receipts tax. With the phase-in completed in 2010, Ohio and Washington are the only states with a broad-based gross receipts tax on businesses. However, Ohio's B&O system has a considerably higher threshold for tax liability and lower rates than Washington's system. [1]

4. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Gross income is not limited to cash received, but "includes income realized in any form, whether money, property, or services." [41] Gross income includes wages and tips, fees for performing services, gain from sale of inventory or other property, interest, dividends, rents, royalties, pensions, alimony, and many other types of income. [40]

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6. Social Security: Use this IRS form to have federal income tax ...

   www.aol.com/social-security-irs-form-federal...

   If your combined income is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits. If it’s more than $34,000, up to 85% of your benefits may be taxable. File a ...

7. What to do when your CD matures: Taking advantage of your ...

   www.aol.com/finance/what-to-do-when-cd-matures...

   Yes, interest earned on a CD is considered taxable income. Even if you leave the money in the bank after it matures, the interest earned must be reported on your tax return.