It would require credit card companies to report the gross amount of payments made to each merchant each year.
All three figures - the gross amount, the tax deducted (or tax credit) and the net cash received - need to be entered into the form.
Under section 6050W, forms 1099-K must include the gross amount of reportable payment transactions, as well as the name, address and taxpayer identification number (TIN) of the payee.
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By the end of 2011, the Office of Management and Budget expects the gross amount of federal debt to exceed the size of America's entire economy for the first time in over 65 years.
Income over the applicable amount will trigger an itemized deduction limitation that is the lesser of (a) 3% of the adjusted gross income above the applicable amount, or (b) 80% of the amount of the itemized deductions otherwise allowable for the taxable year.
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If you want to compare the tax they pay to their adjusted gross income (the smaller amount that appears on a tax return), it would be closer to 24 percent.
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Whether you get a gross check for the full amount or one with payroll tax deductions depends on several variables.
Gross receipt royalties are prized because they come before the studio siphons off its "distribution fee, " which can amount to as much as a third of the gross.
As the impact of the global financial crisis grows, and real estate remains in a troubled state, the bank said the gross domestic product in China will amount to 7.5% in 2009, down from its previous prediction of 9.2%.
Based on gross leasable area, or the amount of space devoted to revenue-producing operations like stores, amusements and food, the continent is home to nine of the world's 10 largest malls, six of which have been built since 2004.
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What is important, however, is that the amount of capital relative to gross assets that Vickers wanted for very big banks was significantly higher than the proposed new internationally agreed leverage backstop, enshrined in the Basel lll rules, of 3%.
However, this income could be included with other medical expenses so that the combined amount in excess of 10% of adjusted gross income (AGI) is deductable.
You can only take a bad debt deduction if the amount you were owed was included in your gross income for the year the deduction is claimed or for a prior year.
Even so, some amount of gross income is given up for the tax savings.
This year, Chinese officials hope to cut by 7% the amount of water used to produce each yuan of gross domestic product.
The amount that you are able to subtract from your adjusted gross income increases with family size.
We are still by far the largest economy in the world and this amount is less than 65% of our gross domestic product (GDP).
The proposed spending reductions amount to less than 0.03% of our gross domestic product.
Senator Paul Routier said he would like to aim for an amount closer to the UN target of 0.7% of gross national income (GNI).
However, the OECD warned that Japan's economic recovery was "surrounded by uncertainty" given the country's high debt levels, which amount to more than 200% of gross domestic product (GDP).
If fully realised, the two-year spending spree would amount to about 16% of China's annual gross domestic product.
You can deduct the amount of your medical and dental expenses that exceeds 7.5% of your adjusted gross income.
Given the sizable gross short positioning, if attitudes change, there is room for prices to rise a fair amount, spurred by the possibility of short covering, analysts said.
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Not from the amount of money that people push back and forth to each other, but some bite of the gross profit that people are making from pushing the money back and forth.
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