What administrative agencies and Federal departments does the following business industries belong to?
Q. What Administrative Agencies and Federal Departments does the following business industries belong to? 1. Housing 2. Food 3. Pharmaceuticals *A certain industry belongs to ONE Federal Department, and belongs to only ONE Administrative Agency? Or it can belongs to more than one Agency?
Asked by Gemini - Sat Sep 6 18:47:25 2008 - - 2 Answers - 0 Comments

A. 1 is the Housing and Urban Development Agency (HUD) 2 & 3 are fall under the Food & Drug Administration (FDA) Industries don't "belong" to any Federal Department but they may be regulated by more than one department or administration depending on what they do.
Answered by Techat T - Sat Sep 6 18:56:40 2008

How would solar federal tax credits benefit the owner of a S corp?
Q. A business that puts in a solar energy system is entitled to a 30% federal investment tax credit. I am not sure if or how this could benefit owners of an S Corp. I am also wondering the same about C corps and LLC's? I was told that solar tax credits would have no benefit for S corps and the like because they typically do not pay any corp income tax. I am not sure if this is true. Thanks for any help with this.
Asked by James F - Tue Apr 29 20:14:17 2008 - - 1 Answers - 1 Comments

A. This credit would benefit the owners of an S corp on their personal returns as their share of the credit would be passed to them on the Schedule K-1 that they would receive from the S corp. In the case of a C corp, it would be a credit against their tax liability just like any credit. As far as an LLC, the question doesn't make sense since the term LLC is an adjective describing the company - it is not a form of business in itself. In other words, and LLC could be a sole propriatorship, a partnership, an S Corp, or even a C Corp. In a nutshell, this credit, like all credits, would benefit whoever pays the taxes of the business - the C corp itself, or the owner(s) or the sole proprietorship or partnership or S corp.
Answered by Bob F - Tue Apr 29 20:36:07 2008

How much of federal withholdings should I expect back?
Q. This is the first year I've made a substantial income. I'm wondering, as a single woman, no dependants, no one claiming me as a dependant, should I expect the full amount listed beside federal wth? Seems like a very large number, I'm wondering the more I make the less I get back, or what? Is there somewhere I can look up, a table or something, that'll show me how much I'll owe based on my income?
Asked by encantasia - Sun Jan 6 23:18:53 2008 - - 3 Answers - 0 Comments

A. I'm not sure you understand just what a refund is. Through the year you might have money withheld from your paycheck for federal income tax. At the end of the year, you prepare a form called a tax return to calculate how much tax you owe total for the year, and compare that to what was withheld. If you had more withheld than your total tax, you get the extra back as a refund. If you didn't have enough withheld, you have to pay the rest rather than getting a refund. A refund isn't some sort of bonus the government gives you for working. It's like if you went to WalMart and bought $16 worth of items, but gave the cashier a $20 bill. You'd get a "refund" of $4, but it's not them giving you something, it's just getting your own money… [cont.]
Answered by Judy - Sun Jan 6 23:45:00 2008