e tax due

Q: business taxation.

A: Business taxation  is about taxing the business. This is a term associated with the normal business…

Q: FUTA tax is paid by:

A: FUTA TAX: It is payroll tax paid by employers of the organisation.

Q: Why is fringe benefit tax important?

A: Fringe benefits are those compensation and benefits provided to the employees which are other than…

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: What distinguishes an income tax from other taxes?

A: A tax is a governmental entity's required financial charge or other kind of levy put on a taxpayer…

Q: summarize the features of a tax position

A: Tax assessment is the framework through which governments collect income from people and businesses…

Q: Real estate taxes are municipal or local taxes. a. True b. False

A: Correct Answer:-  True

Q: 2. Creditable deductible input tax includes the following, except, a. Presumptive, transitional, and…

A: Value-added tax [VAT] is a tax that is charged on each and every stage of the goods and services…

Q: Define dividend tax penalty

A: Dividend tax is a tax paid by a company to government on behalf of the shareholders on the dividend…

Q: Tax as a source is classified as?

A: Solution Concept Tax is the major source of revenue oto the government of any nation There can…

Q: taxation policy? The average tax rate and the marginal tax rate are the same under the Select one: O…

A: Regressive Tax Policy: This form of taxation is progressive, meaning that the tax rate decreases as…

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: What are the different type of income tax?

A: The answer for the question on the different types of income tax is discussed hereunder : Taxes are…

Q: What are the advantages of an indirect tax such as the VAT compared with an income tax?

A: The objective of this question is to understand the advantages of an indirect tax, specifically…

Q: Distinguish between marginal and average tax rates

A: The tax rate at the margin: Through the use of the marginal tax rate, the federal taxation system…

Q: What are the situs rules on income tax situs on sales of goods?

A: Income tax:A tax charged on the income earned by the individual or corporates by the central…

Q: e from Tax Evasion?

A: The difference is given as,

Q: What is the tax base for each of the following taxes? Income Tax GST FBT

A: Taxes are the amount of dues that is being payable to the government on account of income earned,…

Q: What is Barangay Tax and give examples?

A: Tax is referred to as the financial charge imposed on the taxpayer that is levied by the government…

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: Tax Sheild

A: Tax is referred as the financial charges which is imposed by government on an individual’s income or…

Q: Sale of an capital assets is subject to

A: Option a is wrong because regular income tax is applied in case of income from salary, business or…

Q: What is Barangay Tax and its examples?

A: Tax is defined as the financial charge imposed on taxpayers that are levied by the government for…

Q: What is a deferred tax asset?

A: Deferred tax asset: When the Income Tax Expense account is more than the Income Tax Payable account,…

Q: final tax and income tax

A: Tax is a form of compulsory payment made to the government of the country. The amount that is…

Q: rent income,

A: Option a is wrong because final income tax is the ultimate tax liability on the whole income. Option…

Q: . Define:

A: A]-MINIMUM WAGE A pay is that the lowest remuneration that employers will lawfully pay their…

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: Discuss the attributes of a good tax syste

A: when considering the attribute of good that system it is important to understand becomes sequences…