Small Business
The most frequently asked tax questions related to Small Business
Alabama
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, there is no minimum wage required.
Oregon
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $9.10.
North Carolina
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $7.25.
Arkansas
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $6.25.
New Jersey
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $8.25.
Wyoming
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $5.15.
District of Columbia
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $8.25.
Alaska
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $7.75.
Depreciation Recapture as Ordinary Income - Sale of Personal Property
Asked Thursday, June 28, 2012 by an anonymous userCPA Answer:
Report gain or loss on the sale of depreciable property on Form 4797.
The gain realized on the sale of depreciable personal property (Section 1245 property) is treated as Ordinary income to the extent the gain is atrributed to depreciation that reduced basis.
The gain realized on the sale of depreciable personal property (Section 1245 property) is treated as Ordinary income to the extent the gain is atrributed to depreciation that reduced basis.