Is the corporate tax schedule progressive? Why or why not?

Q: What tax treatment do individual investors generally prefer in stock redemptions? Why?

A: Under the process of stock redemption, entire redemption amount is considered as the part of taxable…

Q: What do you think is the reason why governments grants "exclusion from the gross income

A: Possible reasons why government grants exclusions from gross income can be as follows.  1) To…

Q: When is a company allowed to initially recognize the financial statement effects of a tax position?

A: An entity shall initially recognize the financial statement effects of a tax position when it is…

Q: what are the advantages and disadvantages of the payroll tax deferral?

A: Highlights of the payroll tax deferral scheme:- It applies to all those employees whose before tax…

Q: how is the US income tax system unique?  Do you think it is good for tax payers?

A: The US Income Tax system is a robuts and strong system and the federal income tax is the largest…

Q: Can you give one example of tax avoidance and what its effect on the tax collection of the country?

A: Tax avoidance is made before calculating actual tax liability.

Q: True or false is regulatory tax is intended to achieve some social or economic end?

A: Regulatory tax: Regulatory taxes are the charge or levy of taxes by the government on the general…

Q: corporations

A: An alternative minimum tax (AMT) is a type of tax that a taxpayer pays .The taxpayer has to pay…

Q: What Issue do President Biden’s proposal have on the raise of corporate tax rate

A: The given question is about corporate tax rate so before moving into question first we have to know…

Q: Tax experts believes that tax planning tools puts the control of when to pay in the hands of…

A: Introduction Tax Planning is an act of arranging and managing transactions in such a way that, tax…

Q: Why corporations are liable to pay double tax?

A: Tax is a charge which is paid on the taxable income towards government. For corporations tax is…

Q: Regarding taxpayers having a tough time of volume of tax regulations. What does the concept…

A: Substance over form: It is an accounting concept, which means that the business must record those…

Q: Is it acceptable or unacceptable for government tax enforcers to interact with tax accounting…

A: Taxes are due by everyone in the country, whether they are a person or a business. Tax evasion is a…

Q: Income tax is least likely to impact on the resultant entitlement

A: Entitlement:Distribution or automatic exercise of a contractually or legally granted absolute…

Q: In the case of income tax there are high taxpayer costs but low government costs ? True or False

A: Income tax is known as the form of tax that is imposed on the income or profits of individuals or…

Q: the deciosion of court in Eisner v. Macomber tax case and why?

A: Eisner V. Macomber tax case : Case Insight No. : , 252 U.S. 189 (1920), presented before the U.S…

Q: enient in terms of timing and payment

A: Introduction : In simple words, tax refers to the amount that an individual or an entity has to pay…

Q: What does the Miller model with personal and corporate taxes implyabout value relative to the MM…

A: Answer: The Modigliani and miller approach states that, aside from the risk inherent in the project,…

Q: Which is not a characteristic of corporate income tax? Progressive tax   General tax Direct tax…

A: Taxes are the major source of revenue for the government. There can be various type of taxes which…

Q: Explain the main differences between tax evasion and tax avoidance and list the main actions taken…

A: Tax evasion is the use of illegal methods of concealing income or information from the IRS or other…

Q: What’s the difference between marginal and average tax rates?

A: The taxes are the government source of income from the general public. The tax rate are the…

Q: With or against those arguments? Taxing wealth Progressive taxation system Regressive taxation…

A: Taxing wealth : It is about imposing the tax or collecting the tax on the wealth capital of the…

Q: Discuss problems regarding tax evasion in a country? What should be the solution that can be done by…

A: 1. Inflated Values on Transactions: Many businesses inflate the value of their transactions in order…

Q: Why is the personal income tax considered less stable than a consumption tax and how do U.S.…

A: Personal Income Tax vs. Consumption Tax: Personal income tax is considered less stable than a…

Q: why bad debt is not tax allowable

A: Bad debt refers to money owed by a debtor that is unlikely to be collected. It often occurs when a…

Q: What are FUTA and SUTA taxes? Is there any possible reduction in the FUTA tax rate? If so, what is…

A: Introduction: Employer payroll taxes are paid by the employer from its own funds on the basis of…

Q: Do you think with the technological advances we now have there should be little to no tax errors?…

A: introduction Yes,  I think with the technological advances we now have there should be little to no…

Q: What are the ethical responsibilities of the tax practitioner in dealing with tax evasion?

A: Tax evasion is a criminal crime that occurs when a person or business willfully fails to pay a…

Q: 1. What is Donors Tax and give examples?

A: The Donor's Tax seems to be a tax on a donation or maybe even a gift that is levied on the…

Q: What are the constitutional limitations on the State's power to tax

A: Constitution of the United States: The Constitution of the United States is the preeminent law of…

Q: Why might the effective tax rate paid on income earned within a country be different from that…

A:

Q: Vat tax - the popularity of this type of tax, the nature of this type of tax and the effect on…

A: Value Added Tax (VAT):  It is a consumption tax placed on manufactured goods, at whatever time value…

Q: What is the effect on the tax liability of a taxpayer who does not protest an assessmer

A: Deficiency Taxes: It is the amount of tax as per the tax authority which is not paid by the…

Q: l financing affects tax liability

A: Step 1 Debt financing is well regulated under U.S. tax law. Businesses can deduct interest payments…

Q: How do you identify the similarities and difference between the corporate income tax formula and…

A: Corporate income tax: It is a tax levied on a corporation's earnings that is known as corporate…

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: Do you thinks taxes are moral? Explain your answers

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: lax S O both debtholders and equityholders. debtholders. equityholders. only the firm's customers.

A: In the capital structure of company there use of debt and equity and proper use of debt and equity…

Q: Do you think

A: these are the following drawbacks of property taxes: Lower incentive to buy a home High property…