Explain the functioning of flat taxation. Which taxpayers are usually subject to a flat tax rate?
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Explain the functioning of flat
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Solved in 2 steps
- What are FUTA and SUTA taxes? Is there any possible reduction in the FUTA tax rate? If so, what is the reduction, and how is this determined?What source is used to determine income tax expense, and what source is used to determine income tax paid?Who is responsible for collecting sales and excise taxes? Who actually pays the tax?
