flat tax income tax property tax

Q: at type of tax. ommon carrier's tax value added tax

A: Taxes are the legal obligation of a individual or a corporation towards the government. They are the…

Q: The additional tax on top of the standard tax?

A: Tax is a compulsory financial charge levied by government for finding the source of public…

Q: What is the examples of estate tax?

A:

Q: Define tax effect theory

A: Tax effect theory explains the impact of taxes on revenue or expense of a company. This theory is…

Q: report expenses using correct tax categories because

A: The accountants have to report expenses under correct categories always.

Q: what are the two tax rates whih are used to calculate AMT, ignoring the special treatment of…

A: A dividend seems to be the distribution of a part of a company's earnings to a selected group of…

Q: Explain the differences between a tax credit and a tax deduction. Which is better? List three…

A: Tax credit and tax deductions are often considered same but they are not interchangeable even though…

Q: How much interest income is subject to final tax?

A: Answer:   Interest income subject to final tax=   1. Interest Income on loans to online sellers =…

Q: sales tax system most commonly uses whi Multiple Choice The proportional tax rate structure The…

A: the tax is imposed on the sale of any product is called Sale Tax. this product can be Anything…

Q: Why is the Donor's tax is the advantageous for the taxpayer? Explain

A: Donar's tax refers to the tax on a donation or gift. It is imposed on the gratuitous transfer of…

Q: Explain this statement: Our tax rates are progressive.

A: The tax rate that increases with increase in the amount of taxable income (positive relationship) is…

Q: Define each of the following terms: h. Progressive tax; taxable income; marginal and average tax…

A: Step 1:Progressive taxIf the taxable income is more, the tax rate will be more as the taxable amount…

Q: 2. The individual income tax is a manifestation of this system of taxation: a. Mixed b. Proportional…

A: Comments; Multiple questions asked  Progressive tax - It is a type of taxation in which the rate of…

Q: a) Determine the marginal tax rate applicable to each situation. b) Determine the average tax rate…

A: Given in the question: Taxable Income Next Year  $20,00,000.00 Additional Taxable…

Q: A tax structured so that people with the different incomes pay the same percentage of their income…

A: A tax structured so that people with the different incomes pay the same percentage of their income…

Q: Real property tax is an example of: Group of answer choices Property tax Excise tax Privilege tax…

A: Real property tax is the tax on real property like land and buildings, improvements, machinery, etc.…

Q: Explain the difference between direct and indirect tax

A: Introduction: Tax refers to an individual's simple duty to contribute their resources. It is imposed…

Q: Illustrate what is incremental tax rate?

A: Definition: Tax: Tax is the compulsory legal payment that is imposed by the government.…

Q: How is Gross Income defined in the Tax Code and what are the implications to individual and business…

A: Hi, since you have asked multiple questions, we are answering the 1st question for you. To get the…

Q: hen different types of income are subjected to common tax rate, the tax system is described as…

A: Answer: Tax system is the concept or foundation basis which any tax rates are introduced.

Q: income tax rate would be

A: Net Initial Investments -  Profit and Loss on Sale of Old Press - Book Value is  =     120000 Sale…

Q: What are the benefits or advantages of filing a consolidated income tax return?

A: The consolidated tax return represents the single tax return of the affiliated group of companies.…

Q: Differentiate “normal tax “ from “final tax”.

A: Tax is the amount which is paid by the tax payer on the basis of the income earned by him during a…

Q: ral unemployment tax l Security tax care tax ral income tax

A: Payroll tax expense is the employers contribution  or share for payroll taxes for his employees. The…

Q: 1. ntiate between a property tax and transfer tax.

A: please like the answer your response matters  MEANING OF TAX:-It refers to the amount paid to the…

Q: Which of the following best reflects the ability-to-pay philosophy of taxation?         a tax on…

A: The tax obligation levied on the residential property under capital taxation if the owner detains…

Q: A tax that requires a higher-income person to pay a higher percentage of his or her income in taxes…

A: Explanation Proportional tax rate is a system in which same tax rate is implied to all the tax…

Q: Distinguish between Tax Exemption and Tax Amnesty?

A:

Q: What is the meaning of “person” when the term is used in the Income Tax Act? _________, __________…

A: Person includes :  an Individual; a Hindu Undivided Family (HUF) ; a Company; a Firm an association…

Q: Compare the bases of the Hall-Rabushka flat tax, a broad-based general sales tax, and a…

A: Hall-Rabushka flat tax: This concept was brought by Hall and Rabushka because flat tax would be…

Q: Is the local property tax a regressive tax, or a progressive tax?

A: Progressive Taxes: Taxes that require high income groups to pay a larger percentage of income in…

Q: d Tax (VAT

A: Value Added Tax (VAT) is a broad tax that is levied on practically all products and services sold.…

Q: The three leading candidates for best tax base are A. Income, consumption and wealth OB Income,…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Proportional Tax- Progressive Tax- Regressive Tax- Estate Tax- Gift Tax-

A: Tax is the amount which is paid by every type of person to the government and which is used by the…

Q: A. Define and give examples of direct taxation and indirect taxation.  B. Define and give examples…

A: Tax accounting is used for the computation of tax that must be paid by the company. It serves the…

Q: Basic community tax is an example of while income tax is a kind of O Privilege tax; capitation tax…

A: Basic community tax is an example of Privilege tax while income tax is a kind of Capitation tax.

Q: Discuss the following: a. Differentiation of individual taxpayers b. Classifications of passive…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: fringe benefit tax

A: Tax deduction refers to the claims which are to be made as a reduction in the amount of taxable…

Q: Define the following concepts: (i) Tax base (ii) Tax bracket (iii) Marginal tax rate

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: le ta

A: A middle tax break may be a reduction of a taxpayer’s total liability. The term is additionally…

Q: hank

A: Tax law, the body of rules under which a public authority has a claim on taxpayers, requiring them…

Q: What is Percentage Tax?

A: Tax:- A tax is the compulsory payment which is imposed by the government on income and capital gain…

Q: Define each of the following terms:a. Interest tax shields; value of tax shield

A: tax shield is deduction ability to shield portions of the taxpayers income from taxation.

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.