A value added tax (goods & services tax) is: A) efficient because it taxes neither exports or imports B) cascading C) self-policing except at the final stage D) progressive

the personal income tax rate is 31%, the dividend income tax rate is 12% and the corporate tax rate is 20 %, what is the effective tax advantage of debt? (The answer can be positive or negative.)

The young and wow expert Hand written solution is not allowed.

A state's conformity date can be used to determine: 1-Qualifications for state tax credits. 2-Whether recent changes to the Internal Revenue Code will carry through to the state return. 3-Whether the starting point for calculation of state taxable income is federal taxable income or federal adjusted gross income. 4-Which state-specific deductions may be claimed in the current year.

Calculate Your Taxes To find your net pay, you'll need to first calculate your taxes. Start period 02 | 01|2019 End period 02 | 15| 2019 Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you're ready. Gross Pay $1,837.00 Earnings Taxes Deductions FEDERAL % of $1,837.00 $1,837.00 Federal (8.24%) FICA Medicare (1.45%) FICA MEDICARE % of $1,837.00 FICA Social Security (6.20%) FICA SOCIAL SECURITY % of $1,837.00 State - OK (3.86%) STATE % of $1,837.00 Total Disclaimer: Tax numbers are for illustrative purposes only. Net Pay Calculate

In the year 2021​, a corporation made ​$18.2 Million in​ revenue, ​$2.4 Million of operating​ expenses, and depreciation expenses of ​$6.2 Million. The state income tax rate is 9​% and the federal income tax rate is 21​%. How much​ (a) state income​ tax, and​ (b) federal income tax will this corporation pay in this tax​ year? Assume that the state income tax is a​ tax-deductable expence when filing federal income tax. The approximate state income tax is ​$   Million ​(Round to three decimal​ places.) The approximate federal tax is ​$  Million. ​(Round to three decimal​ places.) The combined effective income tax rate is enter your response here​ %. ​(Round to the nearest​ decimal.) The ATCF for the year 2021 is ​$ Million  . ​(Round to three decimal​ places.)

Identify the term being referred to: A benefit given by the government that allows entities to have their tax liabilities reduced to special rates *

What would be your federal income tax if your taxable income was $108,000.00? $_____________   What is the average tax rate for $108,000.00 in taxable income? _____________%   How much tax would you owe if your income increased by $25,000 to $133,000.00? $ _______________   What would be your average tax rate with $133,000.00 of taxable income? _____________%

When performing economic justifications, income taxes are important because a. income tax dollars are cash flows b. depreciation does not impact income taxes c. federal taxes are important, but state taxes are negligible d. income-tax laws remain constant over time.

The value of a tax deduction: is lower for taxpayers in higher marginal tax brackets. does not vary by tax bracket. is greater for taxpayers in higher marginal tax brackets. decreases as a tax system becomes more progressive.