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Tariffs
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Under Hamilton's financial plan the main source of government revenue was?
Tariffs
Is IRS under british government?
Yes, Inland Revenue is controlled by the UK Government, except that we call it 'Income Tax' over here.
Where does rent revenue go on an income statement?
Rent revenue appears under the Non-Operating Revenue Section on the income statement.
What was Under armor's revenue in 2011?
600 million
Sales revenue is recognized in the period in which?
Under the Accruals basis of accounting, Sales Revenue is recognised when it is earned and not when received.
Is the internal revenue service connected to a cabinet department?
Yes. Internal Revenue Service is under the Department of Treasury.
What is the nature of the unearned revenue?
unearned revenue falls under the head of nominal account and it is definaltel a liability on the organization.
What is internal revenue system?
The Internal Revenue SERVICE (the IRS), is a US government organization, part of the Department of Treasury, that is tasked with the enforcement of the laws under the Tax Code. Generally, that means assuring compliance and processing all the returns filed by individuals and corporations in paying their taxes.
The final authority under the federal system is?
The correct answer is the Constitution...in the end the government always has to go to the source of governmental power, which is, the Constitution.
What is kinds of taxes under existing laws?
Kinds of taxes under existing laws; 1. National taxes or those imposed by the national government under the National Internal Revenue Code and other laws, specifically the Tariff and customs Code; and 2. Local Taxes or those with local governments may impose for specific needs such as the taxes imposed under the Local Government Code.
Who owns the US internal revenue service?
The U.S. Internal Revenue Service (IRS) is a bureau of the Department of the Treasury, which is part of the federal government. It is not owned by any individual or private entity; instead, it operates under the authority of the U.S. government to administer and enforce federal tax laws. The IRS is responsible for collecting taxes, processing tax returns, and ensuring compliance with tax regulations.
Is unearned revenue an asset or liablility?
Unearned revenue is liability until it is earned and shown under liability side of balance sheet.
