As of 2013, retirees who file individual tax returns must pay taxes if they receive more than $25,000 in total pensions and other income plus one-half of Social Security benefits each year.
He drives a 2008 Honda Accord LX Sedan in good condition with only the standard options and 100,000 miles on the odometer. According to the Kelly Blue Book, Markâs car is worth about $7,500. If Mark only has a few thousand dollars in savings, he should probably buy collision coverage. But if his fund has $30,000, he should answer the three questions listed above. The quote generator reveals that Mark will have to pay about $480-$600 per year for collision coverage.
Standard penalties for hit-and-run accidents that cause property damage include a six-month prison sentence and a fine that ranges from $1,000 to $10,000. For incidents that involve injury or death, mandatory prison terms start at one year and may range up to 10 years. A hit-and-run that occurs in combination with your third DUI arrest will likely incur the maximum penalties for both offenses.