State income tax on player salary

Reference no: EM13987616

Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has let it be known that he would prefer to sign with a club located in Florida, Texas, or Washington. Mike sees no reason why he should have to pay state income tax on his player's salary. Is Mike under any delusions? Explain.

Reference no: EM13987616

Questions Cloud

Calculate the medicare payment percentage : Calculate the Medicare payment percentage. Subtract the national unadjusted coinsurance from the unadjusted payment rate. Divide the answer by the unadjusted payment rate

Part of tax research consists of determining : 1. A large part of tax research consists of determining what? 2. Why do taxpayers often have more than one alternative for structuring a busi- ness transaction?

Relevance to the state income tax : A question on a state income tax return asks the taxpayer if he or she made any out-of-state Internet or mail-order catalog purchases during the year. The question requires a yes or no answer, and if the taxpayer answers yes, the amount of such pu..

Determine the tension in the strings : A balloon filled with helium has a weight of 2.15 N and a volume of 0.495 m3. It is secured to the ground by means of two strings (both strings are located 50 degrees above the horizontal). Find the tension in the strings.

State income tax on player salary : Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has let it be known that he would prefer to sign with a club located in Florida, Texas, or Washington. Mike sees no reason w..

Assessment of additional tax : In May 2015, Hernando, a resident of California, has his 2013 Federal income tax return audited by the IRS. An assessment of additional tax is made because he had inadvertently omitted some rental income. In October 2015, California audits his st..

How much helium should be put into the balloon : For a balloon ride, the balloon must be inflated with helium to a volume of 1500 m3 at sea level. The balloon will rise to an altitude of about 12 km, where the temperature is about -52 oC and the pressure is about 20 kPa. Assume the initial gas t..

Federal income tax on individuals : 1. What is the difference between the Federal income tax on individuals and that imposed on corporations? 2. As to those states that impose an income tax, comment on the following:

Determine the amount of charge q on each ball : If the balls are far enough apart to behave more or less like equal point charges, then Fcoul should be given by Fcoul = kq2/R2. Write an equation that can be used to determine the amount of charge, q, on each ball as a function of m, R, and L as ..

User Account

All Pages