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Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
What is SUTA?
SUTA is an acronym for "State unemployment Tax Authority" and is used to describe unemployment tax which is a payroll tax. Employer in every state is required to pay tax for their employees
What is a word for submitting your tax returns?
You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.
How much will your tax return be after you buy a house?
The tax you pay is based on your " Net relevant earnings ." In other words your gross income before any deductions. Buying a property has no correlation with your income tax.
What is vat payable?
Vat payable is the amount of vat collected on behalf of the tax authority and payable to them. In other words vat payable is an output vat levied on organisation's customers through the organisation's sales invoices for onward remittance to the tax authority subsequently.
In making financial decisions the relevant tax rate is the?
The relevant tax rate is the marginal tax rate in making finicial decisions.
The authority to levy a federal income tax comes from?
The authority to levy a federal income tax comes from
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
How much is 1100 dollars plus tax?
The answer depends on the relevant tax rate in the relevant jurisdiction. Many countries have a dollar as their currency and there is no indication in the question as to where in the world the question refers to.
Where are the offices of the Income Tax Authority in Jerusalem?
The Jerusalem offices of the Israel Tax Authority are at Rehov Kanfei Nesharim 66 in the suburb of Givat Shaul.
What is the relevant tax rate for investment decisions?
Marginal Rate
The impact of tax policy on Nigeria economy?
there are no any relevant tax policy that i am aware of. nigeria is still pursuing the formulation of a tax policy
Is the purchase of domain names taxable?
Call your state tax commission or the tax authority in your location.
Where does the government get the authority to tax?
The Constitution does under the First Article.
What is PAN issuing authority India?
Income tax department
Where does the authority to levy a federal income tax come from?
the constitution
What is the formula for calculating cost before tax is added?
If the relevant tax rate is t% and the after-tax cost is n, then the basic cost is n/(1 - t/100).
