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Revenue would be income. Income taxes would be a liability.

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Q: Distinction of income taxs from revenue?
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Related questions

True or false congress can collect taxs on income as long as the taxs are the same for everyone in all states?

yes


You won a car from a dealership do you need to file it on your income taxs?

yes


How much are state taxs in Texas?

Texas does not have a personal state income tax.


What does revenue income mean?

Revenue is income that is basically income such as, income, income and more income. Do You Understand ?!


Examples of revenue income?

Give me a example of Revenue Income, pls?


What is the meaning of revenue receipt in context of income tax?

A revenue receipt in context with income tax is the time that revenue or income occurred. A revenue receipt can also be a type of proof of revenue, such as a W-2 Form from an employer.


What level of government uses income taxs?

Federal, state, and local all get some of the taxes for everything.


Where does other or rent revenue go on the income statement?

Other or rent revenue is also revenue which is not from basic operations of business that's why this revenue is shown as other revenue in income statement.


Where does rent revenue go on an income statement?

Rent revenue appears under the Non-Operating Revenue Section on the income statement.


What is the revenue-net income?

Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes


Difference between net income and revenue?

Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.


Is commission received a revenue?

It is a source of income/revenue.