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The federal income tax accounts for nearly 50percent of all federal tax revenues?
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∙ 14y ago
TRUE
Wiki User
∙ 14y ago
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Are accounts payable and income fees called revenues?
yes
The largest proportion of federal revenues comes from?
pesonall income taxes
Where does the federal government get the bulk of its annual revenues?
individual income taxes
What is the net income for a company with Cash 55000 Accounts receivable 70000 supplies 3000 accounts payable 4000 owners capital 114000 revenues 200000 and expenses 190000?
The net income for this company can be calculated by subtracting the total expenses from the total revenues. In this case, the net income would be 200,000 - 190,000 = 10,000.
What region of the nation receives the highest percentage of its revenues from the federal government?
corporate income taxesindividual income taxessales taxproperty tax
Where does accounts receivable go on a multi step income statement?
Accounts receivables would be included in the balance sheet. The income statement reports revenues and expenses. Accounts receivables is an asset account and all the asset, liablities and equity accounts are reported on the balance sheet.
Are revenues the same as net income?
Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
What accounts are in net income?
Included in net income are the following: 1. All revenue-related accounts, e.g. Sales, service revenue, interest income, rental income, etc. 2. All expense-related accounts, e.g. Purchases, Depreciation, Rental expense, Maintenance expense, Amortization, Utilities expenses, etc. Net income = Revenues - Expenses
What are four sources of government revenue?
Federal revenues come from a variety of sources that include payroll taxes and individual income taxes. Other sources of federal revenues are corporate income taxes and excise taxes.
Which tax accounts for about 50 percent of all federal revenue?
income tax
Income tax for marine biologist?
Income tax for a marine biologist is paid the way other taxes are paid in the United States. A percentage of income is paid to both state and Federal internal revenues.
The largest proportion of federal revenues comes from A excise taxes B borrowing C personal income taxes D social insurance taxes?
Personal income taxes
