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Derisma (2013) claimed that “using state taxes to fund public education has the potential to create funding insecurities. To begin, state tax revenues are largely generated from income and sales taxes. Income and sales tax revenue are not stable sources and have the propensity to drop in times of recession” (p. 122). [13]
The particular tax consequences of a donor's charitable contribution depends on the type of contribution that he makes. A taxpayer may contribute services, cash, or property to a charity. There are a number of traps, especially that donations of short-term capital gains are generally not tax deductible.
In April 1952, the Select Committee to Investigate Tax-Exempt Foundations and Comparable Organizations (or just the Cox Committee Investigation), led by Edward E. Cox, of the House of Representatives began an investigation of the "educational and philanthropic foundations and other comparable organizations which are exempt from federal taxes to determine whether they were using their resources ...
In the Catholic Church, a Mass stipend is a donation given by the laity to a priest for celebrating a Mass for a particular intention. Despite the name, it is considered as a gift or offering ( Latin : stips ) freely given rather than a payment ( Latin : stipendium ) as such.
Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances, otherwise known as an exclusion. Tax exemption also refers to removal from taxation of a particular item rather than a deduction. International duty free shopping may be termed "tax-free shopping". In ...
The $10 million grant program offers student teachers up to $15,000 in stipends during their 12-week full-time placements. Pennsylvania’s new student teacher stipend application launches. Here ...
An Essential Worker Stipend was presented to the board by Kerry Dattilo, as an action item during the Great Falls School Board meeting on Monday. The board unanimously approved the recommendation.
In Canada, honoraria are considered salary and thus, taxable income under the Income Tax Act. [11] In the case where a gift is substituted for honorarium (gift in lieu of money), it is still classified as a taxable benefit by Canada Revenue Agency.