A company as a tax entity will___________. Select one: a. pay either companies tax or secondary tax on companies b. be exempt from value added tax if secondary tax on companies was paid in that cycle c. be taxed according to scale based on income d. have to register as a provisional taxpayer

Q: a. Calculate the firm's tax liability.

A: A firm's tax liability refers to the total amount of tax debt owed by corporation to a government.…

Q: When is a company allowed to initially recognize the financial statement effects of a tax position?

A: An entity shall initially recognize the financial statement effects of a tax position when it is…

Q: t is the change during the year in an entity's deferred tax liability and o O A. Current tax expense…

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Q: What is an unrecognized tax benefit and how does it affect a company's current income tax expense?

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A:

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A:

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.