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2. Is My Business Tax-Exempt? - AOL

   www.aol.com/finance/business-tax-exempt...

   Employment tax: Tax-exempt businesses with employees must withhold Federal Income Tax Withholding (FITW) from employee wages and contribute to Social Security and Medicare taxes (FICA). Non-501(c ...

3. What is income tax? How it works, different types and what ...

   www.aol.com/income-tax-works-different-types...

   Business income tax is applied to corporations, small businesses and self-employed people. The company, its owners or shareholders must disclose their business income and then subtract operating ...

4. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   Here’s the top 15 self-employment tax deductions that you might qualify for: Common Tax Deductions. Here are a few of the most common self-employment tax deductions: 1. Self-Employment Tax Deduction

5. Tax withholding in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_withholding_in_the...

   Partnership payments on business income are treated like estimated tax payments, and the foreign person must still file a U.S. tax return reporting the business income. Purchasers of U.S. real estate must withhold 10% of the sales price from payments to foreign sellers. [22] This amount can be reduced to the anticipated federal income tax due ...

6. 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.

7. Tax exemption - Wikipedia

   en.wikipedia.org/wiki/Tax_exemption

   Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.