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What are the indirect taxes?
A tax that is not assessed on and collected from those who are intended to bear it. Unlike a direct tax,it cannot take individual circumstances into account. Although levied on producers, the burden of an indirect tax may be 'shift' to consumers. Ex: value added tax, sales tax, payroll tax and excise duties.
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
Is petroleum tax a direct or indirect tax?
it is an indirect tax
Payroll Tax Preparation?
form_title=Payroll Tax Preparation form_header=Get help with your payroll tax preparations from the experts. How far in advance do you prepare for your payroll tax? =_ Do you have last year's tax statements?= () Yes () No () Not Sure How many people on currently on your payroll?=_
Is import duty a direct tax or indirect tax?
indirect tax
What are the indirect taxes?
A tax that is not assessed on and collected from those who are intended to bear it. Unlike a direct tax,it cannot take individual circumstances into account. Although levied on producers, the burden of an indirect tax may be 'shift' to consumers. Ex: value added tax, sales tax, payroll tax and excise duties.
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
Is petroleum tax a direct or indirect tax?
it is an indirect tax
Payroll Tax Preparation?
form_title=Payroll Tax Preparation form_header=Get help with your payroll tax preparations from the experts. How far in advance do you prepare for your payroll tax? =_ Do you have last year's tax statements?= () Yes () No () Not Sure How many people on currently on your payroll?=_
Is import duty a direct tax or indirect tax?
indirect tax
Is the tax on your house indirect tax or direct tax?
excise taxA+
How do you calculate net indirect tax?
net indirect tax = tax - subsidies
What are examples of indirect tax?
One example of indirect tax is Income Tax.
What is the difference between direct and indirect payroll?
Indirect payroll is when an out side company issues a check and book keeping ...Direct payroll is when the company you work for prints it's checks and does internal book keeping ...
A sales tax on food items is what type of tax?
indirect tax
Is service tax indirect tax?
Indirect tax is a tax that is shifted from one taxpayer to another through an increase in the price of the good. Service tax is an example of an indirect tax because it is collected by an intermediary.
Is an example of an indirect tax?
Income tax is a direct tax levied on your earnings. An indirect tax is the tax you pay if you buy something, after all, you don't have to buy the goods and so pay the indirect tax.
