1. Explain the accrual basis and cash basis. How can apply these two basis for the components personnel income? Is there any difference between personnel income tax and corporate income tax for applying? Explain the effects of these basis on the calculated tax amount?
1. Explain the accrual basis and cash basis. How can apply these two basis for the components personnel income? Is there any difference between personnel income tax and corporate income tax for applying? Explain the effects of these basis on the calculated tax amount?
1. Explain the accrual basis and cash basis. How can apply these two basis for the components personnel income? Is there any difference between personnel income tax and corporate income tax for applying? Explain the effects of these basis on the calculated tax amount?
Transcribed Image Text:1. Explain the accrual basis and cash basis. How can apply these
two basis for the components personnel income? Is there any
difference between personnel income tax and corporate income tax
for applying? Explain the effects of these basis on the calculated tax
amount?
Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.
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