From: Lisa Date: Fri, 04 Nov 2005 Do we have to pay taxes on a gift of $100,000 from my parents for our first home? Do my parents have to pay tax on it? Answer Date: Mon, 07 Nov 2005 Hello Lisa, Gifts from family members aren't taxable income for income tax reporting.There is a federal gift tax system. Gifts of cash exceeding $11,000 per donor, per donee, per year are exempt from gift tax. For example, your parents can give a total of $44,000 to you and your spouse in one year and not be subject to tax.rom: Lisa Date: Fri, 04 Nov 2005 Do we have to pay taxes on a gift of $100,000 from my parents for our first home? Do my parents have to pay tax on it? Answer Date: Mon, 07 Nov 2005 Hello Lisa, Gifts from family members aren't taxable income for income tax reporting.
California has a high cost of living relative to other states, which means pay is high as well. As of May 2013, the US Bureau of Labor Statistics indicated the average annual salary for all jobs in California was $53,030. This pay was well above the national average for all positions of $46,440 per year.
All except 1 of the 32 counties in California with employment below 75,000 had average weekly wages lower than the national average of $1,035. Among the smaller counties, Alpine County had the highest average weekly wage at $1,055.See table 2 .). When all 58 counties in California were considered, 6 had wages below $700. Seventeen counties had average weekly wages ranging from $700 to $799, 16 had wages from $800 to $899, 3 had wages from $900 to $999, and 16 had wages at or above $1,000.