What is taxation?

Q: What is capital gain taxation?

A: Introduction:- Capital gain tax charged on Profits from the sale of an investment.

Q: When does tax allocation within a period become necessary?How should this allocation be handled?

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Q: what is tax accounting?

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Q: Explain double taxation, its elements, and its types

A: Governments in practically every country throughout the world levy forced charges on persons or…

Q: What is the tax shield of interest?

A: Interest tax shields: It alludes to the assessment obligation decrease because of the interest…

Q: how does taxes affect Businesses?

A: Taxes According to Tax laws Taxes means the levy of money which was imposed by the government…

Q: What are economic events?

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Q: What is corporate income tax and value added tax and its use?

A: Both corporate income tax and value added tax are taxes that have to be paid to the government. The…

Q: what are the two components of income tax expense

A: PLEASE LIKE THE ANSWER  Firstly, income tax expense means an amount of tax expense incurred on the…

Q: Identify some of the reasons why accounting for income taxes is complex?

A: ANSWER : U.S. tax laws are complex and ambiguous.A company frequently prepares its financial…

Q: Income Taxation What did you learn in the subject income taxation

A: Learning from income tax   1) Income tax collection is maintained by the internal revenue services…

Q: What is deferred tax?

A: Balance sheet is the statement that indicates the final position of an entity.

Q: what are the concepts of revenue recognition?

A: Definition:   Revenue recognition principle: Revenue recognition principle states that every…

Q: briefly explain different functions of taxation.

A: Taxes are the mandatory payments to be made by the citizens of the nation and other corporate…

Q: What is the sales tax? Is it an expense or a liability?

A: Sales tax is the tax on sales which is levied by the government. However, sales tax is an indirect…

Q: Explain why administrative and compliance costs of taxation is important regarding taxation? What…

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

Q: Define Income Taxation

A: Taxation is the way of imposing tax on particular income or the value of consumption of certain…

Q: May an exaction be both a tax and regulatory fee

A: First of all we need to understand that Tax and Regulatory fees both are independent and can not…

Q: What is the revenue recognition principle?

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Q: taxation

A: Introduction: Taxation is defined as compulsory levy by the government on both indivdiuals &…

Q: ansact ary In

A: This taxation problem is related to Pakistan and the financial year of…

Q: 1. What is the primary purpose of taxation?

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered…

Q: Discuss the importance or role of taxes in decision

A: The Government of each nation expects financing to help it in doing its important capacities and…

Q: What is the total tax due?

A: The tax due can be defined as the percentage amount computed over the incomes earned during the…

Q: erence between financial income and taxable income?

A: 7 Correct answer :- A Premium paid for officers life insurance   8 Correct answer :- C The…

Q: What are the features of final income tax?

A: Introduction:- Final tax is one of the exemptions to the extent of the regular income tax. An…

Q: How are national taxes similar to and/or different from local taxes?

A: National taxes refer to national internal revenue taxes imposed and collected by the national…

Q: What are taxes?

A:

Q: what is asset? what is gross profit?

A: Financial statements: These are the financial reports prepared by an organization for a financial…

Q: What is personal income tax and it's use?

A: Income tax is a type of tax that governments impose on income generated by businesses and…

Q: What are capital gains and losses, and how are they taxed?

A: A capital gain is the amount of profit you receive when you sell a capital asset or is realized when…

Q: Classify Revenue or capital expenditure?

A: Introduction: Revenue Expenditure: Its a Recurring expenditure. Expenditure spent with in 12 months…

Q: What is a State in taxation?

A: State in which you live is important for tax point of view and state in which you work is important…

Q: e Tax and its ex

A: Income tax Taxes levied on the earnings of companies and individuals are referred to as income…

Q: What is a capital expenditure versus a revenue expenditure?

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Q: What are the importance of taxation in your life

A: solution concept Tax is an important source of revenue for the government Government collects the…

Q: Explain the concept of situs of taxation? Give examples

A: Governments in practically every country throughout the world levy forced charges on persons or…

Q: What is the general purpose of taxation in our society?

A: Tax is an enforced fee that is charged on individuals and organizations by government or its agency…

Q: Which one of the following is a revenue expenditure?

A: Revenue expenditure: It refers to the amount spent on normal maintenance and repairs of fixed assets…

Q: What is tax due?

A: Tax Due: Tax due is the tax liability that is payable by any individual person or a corporate body…

Q: What is marginal tax rate?

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Q: (b) ( of taxation state? Briefly explain the major shortcoming of this principle. What does the…

A: According to the benefit principle of taxation, the government would be charged for employing all of…

Q: How do taxes affect the target capital structure?

A: One of the key issues that overseers of corporations should take into consideration once designing…

Q: What are the special features of regular income taxation?

A: Income Tax It is a tax placed on an individual. It is deducted from a person's total income. It is a…

Q: income taxation scheme

A: Option b is wrong because under capital gains tax scheme, it is the responsibility of the taxpayer…