Not until they become part of taxable income.
A/R is a balance sheet item...not income statement.
How much federal taxes do you have to pay on $600?
Accounts Receivable are any invoices you have on your books that your customers still owe money for (credit). Accounts Payable are any invoices that your company needs to pay- bills, suppliers etc.
Accounts receivables are the money that is owed to a business, accounts payables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers.A/R Accounts Receivables means that people owes you money, when you sell products or service and they have to pay in 30 days, 45 days, etc., So for example: If we sell $500 in goods or service and in the transition of 30 days, our A/R equals to $500. But if they pay in cash, our accounts receivable is $0, for accounts receivable definitionshttp://www.burtcollect.com/blog/accounts-receivable/Accounts Payable is the amount that you have on credit with another company. For Example let's say XYZ Company purchases a pallet of salt bags from ABC Company for $450 on credit. The XYZ Company would have have a Accounts Payable Account setup with ABC Company.
You would pay taxes on Unrelated Business Income.
Yes.
they pay American federal taxes
How much federal taxes do you have to pay on $600?
Taxes pay for roads, schools, and the military.
People in Alaska pay state and federal taxes.
People must pay federal taxes in order to provide funding for Congress, the Supreme Court, and the Presedent and other executives. The need the money in order to pay workers or carry out federal laws. Also, we have to pay state taxes to pay our governer and other local legislatures. So we have to pay both federal and state taxes and if you don't, your in trouble. (:
Accounts Receivable are any invoices you have on your books that your customers still owe money for (credit). Accounts Payable are any invoices that your company needs to pay- bills, suppliers etc.
Accounts Receivable = money someone owes to you (you receive money in) Accounts Payable = money you owe to someone else (you pay money out)
Federal taxes are paid to the Internal Revenue Service.
The federal gov doesn't pay taxes
Accounts receivables are the money that is owed to a business, accounts payables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers.A/R Accounts Receivables means that people owes you money, when you sell products or service and they have to pay in 30 days, 45 days, etc., So for example: If we sell $500 in goods or service and in the transition of 30 days, our A/R equals to $500. But if they pay in cash, our accounts receivable is $0, for accounts receivable definitionshttp://www.burtcollect.com/blog/accounts-receivable/Accounts Payable is the amount that you have on credit with another company. For Example let's say XYZ Company purchases a pallet of salt bags from ABC Company for $450 on credit. The XYZ Company would have have a Accounts Payable Account setup with ABC Company.
monkeys
Yes.