million hafsa
The United States has a progressive income tax system. The highest current rate of income tax on a personal return is 33%.
Accrued income tax (Income Tax Payable) is a current liability. When the tax is actually paid it is reported on the income statement as Income Tax Expense.
Current Tax Liability is that tax amount which is actaully payable in current year.Deffered Tax liability is that amount of tax liability which is created due to difference in net income in income statement and income according to tax authorities.
14% Income tax- Co is 29% Income tax - STC(on dividends) is 10%
what department was created to police U.S income tax system?
a tax system that takes a larger proportion of income from high-income people than from low-income people
18%
No.
a tax system that takes a larger proportion of income from high income people than from low income people
a tax system that takes a larger proportion of income from high-income people than from low-income people
A Regresssive tax system is when a larger percantage frome the income from low-income people than the income of high-income people
yes