amount to


Also found in: Legal.

amount to

1. To become (successful). Almost always used in the phrases "amount to anything" or "amount to something," which both mean the same thing. He got arrested so much as a teenager that I never thought he would amount to anything, but look at him now—he's an accomplished musician! When will this play amount to something? It has yet to get one positive review!
2. To be equated with or judged the same as something else. Copying another person's words like this amounts to plagiarism, Susie, and I have to report it to the dean.
3. To be a certain total. My tips this week only amount to $40.
See also: amount

amount to something

 
1. Lit. [for someone or something] to become worthwhile or successful. I hope Charles amounts to something some day. I doubt that this business will ever amount to anything really profitable.
2. Fig. [for something] to be the equivalent of something. Why, doing this amounts to cheating! Your comments amount to treason.
3. and amount (up) to something [for a sum of money] to increase [to a large amount]. Is that everything you want to buy? That amounts to twenty dollars. These charges amount up to a lot.
See also: amount

amount to

1. Add up, develop into, as in Even though she's careful with her money, her savings don't amount to much, or All parents hope that their children will amount to something. [Mid-1500s]
2. Be equivalent to, as in Twenty persons won't amount to a good turnout. [Late 1300s] Also see amount to the same thing.
See also: amount

amount to

v.
1. To add up to some number or quantity: I forgot to return the DVD on time, and the late charges amounted to almost $25.
2. To be understood as something: Your behavior amounts to an insult.
3. To be as important or valuable as some level of quality: They never thought I'd amount to anything, but look at me now! The facts I have so far don't amount to much. My parents never thought I'd amount to as much as my sister.
See also: amount
References in classic literature ?
It is said that duties may be laid upon the publications so high as to amount to a prohibition.
Where a payment for an item is includible in income, allow the amount to be deducted by the payor, subject to the application of paragraph 18(1)(a).
419 and 419A, an employer's deductible costs are limited to the "qualified direct cost" of the benefit(s) provided, a limited extra amount to fund incurred but unpaid claims, and a reserve for retiree benefits, reduced by any after-tax income the trust earned.
In the event of a shortfall in funds otherwise available to pay for claims under the policy block, the ceding insurer draws under the letter of credit the shortfall amount to pay for the claims.
However, an individual can reimburse the employer for the specified amount to allow deductibility.
In such a situation, a new process for compiling book expense would need to be implemented to capture the amount to be reported for tax adjustments relating to accrued liabilities reported on line 31 of the proposed Schedule.
shareholder and FC1 became a CFC in 2001, USP would still be required to allocate any excess distribution amount to years in which FC1 was a CFC.
For an amount to be "taken into account," the employer must pay the applicable FICA tax.
74-252 and the earlier rulings was that the amount to be received on cancellation was negotiated ahead of time.
If an allowance is included in the employee's T4 as income (i.e., those amounts set out in box 8 of the T2200), then it would not be deducted on line 8 of Form GST- 370E; the amount to be deducted on line 8 of Form GST-370E would be the amount in box 7 of the T2200 less the amount, if any, in box 8 of the T2200.
Trust B is to pay a portion of the unitrust amount to C each month.
Interest under the old methods and rates was to be computed through December 31, 1982, and then all tax, assessed penalty or addition to the tax, and all interest (whether or not assessed) was to be added together to determine the amount to be carried over on which daily interest would be charged under the compounding rules.
465, the amounts borrowed can be used for an activity in calculating the at-risk amount to the extent that the taxpayer is personally liable for the repayment of such amount or has pledged assets not used in the activity as security for the borrowed amount.
For example, an IRA owner whose tax year-end is December 31 and who converts an amount to a Roth IRA in 2000 and then transfers the amount back to a traditional IRA on Jan.