The IRS lets you deduct certain expenses from your gross wages, which reduces the taxable portion of your income. Lowering the amount you pay in federal and state taxes leads to more money in your pocket. Allowable pre-tax deductions are taken off the top of your earnings before taxes are assessed.
King Charles I had approved a request from George Calvert to establish a colony called the Province of Maryland (âTerra Mariaeâ) in 1632. But the Calvert family did not receive the Charter of Maryland until after George Calvert died. Now it was up to Cecil Calvert to establish and govern the new colony. Cecil was well educated, but he had did not have his fatherâs years of experience at governing colonies.
In 1607, Jamestown was founded. In 1624, Virginia was created as a royal colony that included the original Jamestown settlement.Founded By: The London Company founded Virginia during the reign of James I (1566-1625).Motivation for Founding: Jamestown was originally founded from a desire to gain wealth and to a lesser extent to convert the natives to Christianity.Virginia became a royal colony in 1624 when King James I revoked the charter of the bankrupt Virginia Company. He felt threatened by the representative assembly known as the House of Burgesses.ounded By: The London Company founded Virginia during the reign of James I (1566-1625). Motivation for Founding: Jamestown was originally founded from a desire to gain wealth and to a lesser extent to convert the natives to Christianity.