What is Community Tax and its examples?

Q: What are the classifications of individual taxpayers?

A: An entity that is required to pay taxes to state, federal or government municipal body is known as a…

Q: Kindly explain and give an example of Capital Gains Tax

A: Introduction:- The capital gains tax is a federal tax. It is charged on profit made from selling…

Q: Why is fringe benefit tax important?

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

Q: The additional tax on top of the standard tax?

A: Tax is a compulsory financial charge levied by government for finding the source of public…

Q: What is the tax shield of interest?

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

Q: sic Re

A: Basic Real Property Tax Property tax is the amount that is paid by the land owner to the municipal…

Q: Why is the Donor's tax is the advantageous for the taxpayer? Explain

A: Donar's tax refers to the tax on a donation or gift. It is imposed on the gratuitous transfer of…

Q: tax-exempt corporations

A: Tax-exempt status is given to the nonprofit corporation in order to exempt them from paying income…

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 is Capital Gains Tax and give examples?

A: Income tax:  It is the amount a person is liable to pay on the earned amount in an accounting year.…

Q: What is Professional Tax and give examples?

A: A tax is a financial charge imposed by government. It is a source of income for the governments to…

Q: 1. The community tax is a local tax

A: Local tax is a tax assessment by state or the municipality to fund public services, taxes levied by…

Q: HOW TO improve tax-planning effort

A: Tax planning is the examination of a financial condition or plan to make sure that all parts work…

Q: Which of the following is a local tax? *

A: Option a is wrong because value added tax is an indirect tax imposed on the value of goods and…

Q: What are the principles of a sound tax system? Briefly explain each

A: Introduction:- The tax system is described as a legally controlled system of public relations based…

Q: What is ‘fringe benefit tax’(FBT)? Explain atleast five main salient features of the FBT?

A: Fringe Benefit Tax: It refers to a tax which an employer needs to pay on the value of fringe or…

Q: For income tax purposes, how is affiliated group defined?

A: Tax:   It refers to a compulsory charge imposed by the government on all the taxpayers of the…

Q: 1. What is Profession Tax and its examples?

A: Tax is the money to be used by government for the overall development of the nation. Tax may be in…

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: Explain the term tax & its objectives in detail

A: What is Tax ? Tax is A mandatory Payment to be made by the people including Corporate Entities to…

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: What is the value for IHT and capital gain tax (CGT) purposes?

A: What is Inheritance Tax?Inheritance Tax (IHT) is a tax on the estate of someone who has died,…

Q: Identify three ways that governments can alter their tax system to increase revenues.

A: please like the answer your response matters  Taxation is the main source of revenue for government.…

Q: Explain progressive tax

A: Introduction: Tax is nothing but a compulsory fee or financial charge imposed on a person or on…

Q: AT and its examples?

A: A value-added tax (VAT) could be a consumption tax placed on a product whenever price is else at…

Q: What is the resort's net income for tax purposes?

A: Safe haven wildlife resort operate a proprietors-ship that generate $20000 in income under GAAP.…

Q: Explain the Tax Treatment of Personal and Qualified Residences?

A: Tax Treatment of Personal and Qualified Residence: During one taxable, one taxpayer can choose 2…

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: How to calculate Value-added tax

A: Value added tax is a type of tax that is charged by the central government on the sale of…

Q: tax essential for all of us

A: Tax is imposed by government on the income on the citizens if their income exceeds a definite limit.

Q: Which among the type of taxes (national or local) do you think can be reduced, removed, or revised…

A: Taxes are an importance source of revenue for the governments to spend on infrastructure. But at the…

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: Which of the following best reflects the ability-to-pay philosophy of taxation?         a tax on…

A: The tax obligation levied on the residential property under capital taxation if the owner detains…

Q: What is Documentary Stamp Tax and give examples?

A: The answer is given below:

Q: What is ‘fringe benefit tax’ (FBT)? Explain at least five main salient features of the FBT?

A: WHAT IS 'FRINGE BENEFIT TAX' (FBT) ? FRINGE BENEFIT TAX IS IS THE TAX LEVIED ON ANY CONSIDERATION…

Q: Is the local property tax a regressive tax, or a progressive tax?

A: Progressive Taxes: Taxes that require high income groups to pay a larger percentage of income in…

Q: d Tax (VAT

A: Value Added Tax (VAT) is a broad tax that is levied on practically all products and services sold.…

Q: ll be a tax

A: Tax refers to the percentile charges imposed by the authoritative government over the income gained…

Q: The current federal income tax structure is progressive in nature. First, explain what that means.…

A: Current -Federal tax structure- Progressive Federal Income tax structure is progressive in nature…

Q: Basic community tax is an example of while income tax is a kind of O Privilege tax; capitation tax…

A: Basic community tax is an example of Privilege tax while income tax is a kind of Capitation tax.

Q: e Tax and its ex

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

Q: Are progressive taxes the most equitable for all people?

A: Tax structure is based on how income of individual must be taxed. It could be based on certain slab…

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: Explain the federal estate tax.

A: Federal Estate Tax: A tax on the transfer of property after death is called Estate tax. Federal…

Q: nd its

A: Franchise Tax A franchise tax, also known as a privilege tax, is a tax paid by certain companies…

Q: What is Community Tax and give examples?

A: Tax is an involuntary payment that is levied on the citizens of a nation by the government of the…

Q: Explain what is meant by this statement: “Our tax rates areprogressive.”

A: Tax is the amount levied by the government from the taxpayer on their net taxable income. Net…