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2. How To Calculate Sales Tax: A Step-by-Step Guide - AOL

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   Knowing how to calculate sales tax is important, especially if you're saving up for a large purchase. To calculate sales tax, multiply the total cost of the product by the sales tax rate levied in...

3. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   Therefore, if the taxpayer's sister were to sell the house for $100,000, she would generally need to pay income tax on the $65,000 of capital-gain income. However, in the case of a beneficiary who receives an asset from a benefactor after the benefactor's death, the beneficiary's basis in the asset is "stepped up" to the FMV on the date of the ...

4. Your step-by-step guide to approaching taxes in 2022 - AOL

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   The process of doing your taxes might seem overwhelming, but if you break it down into easy-to-do steps, it really isn't so bad. Your step-by-step guide to approaching taxes in 2022 [Video] Skip ...

5. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

6. Adjusted basis - Wikipedia

   en.wikipedia.org/wiki/Adjusted_basis

   In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. [1] Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. Example: Muhammad buys a lot for $100,000. He then erects a retail ...

7. Your Step-by-Step Guide To Approaching Taxes in 2023 - AOL

   www.aol.com/step-step-guide-approaching-taxes...

   The process of doing your taxes might seem overwhelming, but if you break it down into... Skip to main content. News. 24/7 help. For premium support please call: 800-290-4726 ...