Licenses, registrations & permits, service fees, property rentals are examples of _______. A. cukai langsung / direct tax B. hasil bukan cukai / non -tax revenue C. cukai tidak langsung / indirect tax D. terimaan bukan hasil / non revenue receipts

Licenses, registrations & permits, service fees, property rentals are examples of _______. A. cukai langsung / direct tax B. hasil bukan cukai / non -tax revenue C. cukai tidak langsung / indirect tax D. terimaan bukan hasil / non revenue receipts

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter1: An Introducti On To Taxation And Understa Nding The Federal Tax Law

Section: Chapter Questions

Problem 32DQ

See similar textbooks

Related questions

Q: S1 - Individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration…

A: Correct option: B

Q: How is sales tax recorded? Is it considered an expense of a business? Why or why not?

A: Most states levy sales taxes on goods and services. Those states differ on what is taxed and for how…

Q: QUESTION: if Chiz is non-VAT registered, how much is the business tax payable?

A: Non Vat Register For the Non Vat register whose gross sales / gross receipts which are not crossed…

Q: 3. Compare and contrast the following other agencies .s) tasked with tax collections and other fees.…

A: Answer:- Tax meaning:- A tax is a necessary fee or financial charge that a government imposes on a…

Q: It is a tax on a person's income, payments, profits arising from property, the practice of the…

A: The government imposes different types of taxes on people. Some taxes are in the form of direct…

Q: I. A withholding tax system is one in which the payment of income tax is paid upon the receipt of…

A: Withholding tax: The payer of income withhold certain percentage from the income of the payee and…

Q: Net rental income-IRS Method Net Rental Income- Tax court Method Itemized deduction for Real Estate…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: Which of the following refunds is not subject to income tax a, Local tax expense b.Special…

A: Answer: Th refund which is not subject to income tax are those amount for which earlier deduction…

Q: Problem Discussion: 1. Enumerate and discuss the items of gross income subject to regular tax. 2.…

A: Answer:- 1 Items of gross income subject to regular tax:- 1. Reward of services provided in all…

Q: Which tax form should be used to record payments to an owner? Owner’s tax return W-2…

A: The answer should be answered in the step 2

Q: Philippine tax laws are: a. Civil, not political, not penal b. Civil, not political, penal c. Civil,…

A: Philippine Tax laws are civil, not penal and not political in nature. But there are penalties…

Q: hat are the limitations to the power of taxation? Discuss each briefly. (Please include the…

A: Power of taxation is given to the central and state controlling bodies of the countries wherein tax…

Q: ansaction below, determine the tax type whether it is subject to Basic Income Tax (BIT), Final…

A: Withholding tax is the tax which is deducted by the person incurring expense. When salary is paid by…

Q: Taxation has three mains features, one taxes are compulsory, secondly they are used to pay for…

A: Taxation is a compulsory levy under the purview of a judicial system from a person generating income…

Q: deferred tax assets and deferred tax liabilities

A: The deferred tax assets and deferred tax liabilities arise due to the tax effect of timing…

Q: When the law itself provides for non-payment of taxes, such tax escap known as: a. Tax evasion b.…

A: Introduction:- Taxation plays vital role in every organization. Every company desire to reduce tax…

Q: Using either the “hobby loss” (hobby vs. “trade or business”) or the “day trader” (vs. investor)…

A: Schedule C- It is an IRS form that is to be filled by a sole proprietor or say a businessman to…

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: 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: For each item listed below, indicate whether it involves a: a. permanent…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS The items should be matched as follows: b 1…

Q: Income Tax Due

A: To find income tax due on Income we need to prepare Income statement of Mica thok enterprise. Income…

Q: Compute for the tax due of the following individuals using the RA 10963 tax table. Show…

A: BUSINESS INCOME BEFORE TAX = P790,000 As per RA 10963 table: For Gross receipts upto P 3million Tax…

Q: , whereby a taxpayer deducts the total amount of money spent on various expenses, such as gifts to…

A: Tax refers to the percentile form of the obligation imposed by the government over the income earned…

Q: Which of the following are not deductible by a CPA who prepares tax returns? a. Subscription to the…

A: CPA is the Certified Public Accountant who is also known as the qualified accountant expert in the…

Q: Discuss the tax treatment for business and investment expenses.

A: Tax treatments usually explain the procedural computation tax liability of an individual by stating…

Q: Which one of the following deductions is available under S25-5 ITAA97 (Tax related expenses) Choose…

A: According to Income Tax Assessment Act 1997 - SECT 25.5 following tax related expenses deductions is…

Q: It is the place where an authority has the right to impose and collect taxes. * a. Source…

A: Tax: It refers to a mandatory financial levy imposed by the government on the taxpayer including…

Q: The tax rate that is applied against a prepayment penalty is the Group of answer choices 1)…

A: On the basis of a slab scheme, the Indian income tax levies tax on individual taxpayers. The slab…

Q: When a sale is made and sales tax is collected from the customer, the sales tax is recorded as a/an…

A: Sales tax is collected by the business owner for the government from the customer .

Q: How are the linked accounts for CPP different from the linked accounts for income tax - O a. CPP has…

A: Answer (c). CPP has both linked liability and expanse accounts, income tax has a liability account…

Q: A domestic transportation contractor by land is engaged in the transport of passengers, goods and…

A: VAT is known as the value added tax It is a type of tax which falls under the category of indirect…

Q: remedy in recovering the overwithholding? a. Claim the overwithholding as tax credit for the year b.…

A: Tax is a liability for the company calculated on the income earned by the company and paid to the…

Q: Which of the following statements is true about sales tax? O a. Sales tax is collected by retailers…

A: Sales: It can be defined as the selling of goods and services by the business to its customers.

Q: Access and examine section 17 of the Income Tax Act of Jamaica, then perform the following tasks: 1.…

A: Income tax refers to the tax charge levied on the income of an individual. Tax paid on the income of…

Q: What are the classifications of taxes? Describe each briefly. (Please include the references, I…

A: Tax can be defined as the financial charges that is levied or imposed on a taxpayer, that can be…

Q: When entering tax classes for the sales transaction type, what two items must you enter the tax…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Explain the following 1. Arms length transaction 2.Residence and domicile for tax purposes…

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

Q: Briefly explain the concepts of accounting profit, taxable profit, temporary difference, taxable…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

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: What are taxes ? Explain types of Taxes Both Direct and Direct.

A: To run a nation judiciously, the government needs to collect tax from the eligible citizens; paying…

Q: 1Which of the following can be delegated outside the legislative branch? * Determining the purpose…

A: solution Note : AS per the Q&A guideline we are required to answer the first question only .…

Q: Which of the following would be included in the journal entry to record the payment of accrued sales…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: at registere

A: A domestic carrier by land is engaged in the transport of passengers. It is not VAT-registered and…

Q: Using either the “hobby loss” (hobby vs. “trade or business”) or the “day trader” (vs. investor)…

A: Schedule C- It is an IRS form that is to be filled by a sole proprietor or say a businessman to…

Q: Tax preparers may be assessed a penalty for failing to give the taxpayer the preparer's workpapers.

Question

Licenses, registrations & permits, service fees, property rentals are examples of _______.

A.
cukai langsung / direct tax

B.
hasil bukan cukai / non -tax revenue

C.
cukai tidak langsung / indirect tax

D.
terimaan bukan hasil / non revenue receipts

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Forms of revenue

VIEW

Solution

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

The definition of gross income in the tax law is: All items specifically listed as income in the tax law All cash payments received for goods provided and services performed All income from whatever source derived All income from whatever source derived unless the income is earned illegally
I. Define: a. Minimum wage b. E.O. 226 c. BMBE Law d. CDA e. Tax law vs gaap f. Statutes and Presidential Decrees g. Judicial Decision or case laws h. Local Ordinances i. Ad Valorem j. Sin Taxes
1. Which of the following is not deductible from gross income? a. Transportation expense from the main office to the branch b. Transportation expense from home to the office and from the office back to home c. Travel expenses on business trips d. Travel expenses while away from home in the pursuit of trade, business or profession. 2. Examples of taxes that are deductible except: a. Occupation tax b. Privilege tax c. Documentary stamp tax d. Philippine income tax
Property taxes are considered: a. imposed tax revenues. b. derived tax revenues. c. voluntary nonexchange transactions. d. exchange transactions.
This refers to the process of taxation to determine the amount of tax based on existing tax laws. a. Levying b. Imposition C. Assessment D. Collection
Which is NOT a proper exercise of administrative feasibility?a. Electronic Tax Payment System (eTPS)/Land Bank Remittance System (LBRS)b. Payment of tax thru credit/debit/prepaid cards/G-Cashc. Requirement to all taxpayers to file tax returnsd. Substituted Filing of Qualified Compensation Income Earners
3. Compare and contrast the following other agencies tasked with tax collections and other fees. ( .S) a. Bureau of Customs (BOC) b. Board of Investments (BOI) c. Local Gov't Tax Collecting Units
Which of the following would be included in the journal entry to record the payment of accrued sales tax? Select one: O a. A credit to Sales tax expense O b. A debit to Sales tax expense O c. A credit to Sales tax payable O d. A debit to Sales tax payable
When a sale is made and sales tax is collected from the customer, the sales tax is recorded as a/an ______________________ until the amount owed to the state is remitted. Group of answer choices revenue (sales tax revenue) current asset (cash) current liability (sales tax payable) expense (sales tax expense)
Which option is the correct definition of tax base? Select one: a. Tax base is the amount the asset or liability is recorded at in the accounting records. b. Tax base is a comparing the balance sheet derived using accounting rules with balance sheet that would be derived from taxation rules c. Tax base is the recognition of assets and liabilities in the balance sheet based on the differences between accounting and tax values of assets and liabilities. d. Tax base is defined as the amount that is attributed to an asset or liability for tax purposes.
It is the place where an authority has the right to impose and collect taxes. * a. Source b. Situs c. Both a and b d. None of the above
The tax rate that is applied against a prepayment penalty is the ______. Group of answer choices a. Ordinary income tax rate b. Depreciation recapture tax rate c. Local property tax rate d. Capital gains tax rate