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Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
How is the federal income tax a progressive tax?
The Federal income tax is a progressive tax because the more a person makes in revenue, the more tax they will have to pay. The tax level or percentage is higher for those with a higher income, too.
What is revenue tax?
Tax revenue is the income that the government gets from individuals paying their yearly taxes. Anytime taxes are taken out of your paycheck, that goes to the governments tax revenue.
What happens to the deadweight loss and tax revenue when a tax is increased?
The deadweight loss of a tax rises more than proportionally as the tax rises. Tax revenue, however, may increase initially as a tax rises, but as the tax rises further, revenue eventually declines. For example; if you sell a product with a $1.00 tax, you have less tax revenue than if you sold twenty of the product with a .10 cent tax. When you increase a tax, the revenue goes down because the product will not sell at that higher price.
What was the tax of the stamp act?
it was a revenue tax
Which tax contributes maximum in the Revenue collection?
Service tax may be one which collected more revenue
How do cities get their revenue?
Cities get revenue from taxes, primarily property taxes. A tobacco tax would be an example of a non-property tax that raises revenue.
The governments benefit from a tax can be measured by?
tax revenue
how to calculate tax buoyancy?
Tax buoyancy is calculated by dividing the percentage change in tax revenue by the percentage change in GDP. The formula is: Tax Buoyancy = (% Change in Tax Revenue) / (% Change in GDP). A tax system with a buoyancy greater than 1 indicates that tax revenue grows faster than the economy, while a buoyancy less than 1 indicates that tax revenue grows slower than the economy.
Is the amount of sales tax collected on sales is recorded in the Sales Tax Revenue account?
combind revenue accounts
What is the largest source of revenue for the Indian government?
Indian government earns maximum revenue from corporation tax..
What is the meaning of revenue receipt in context of income tax?
A revenue receipt in context with income tax is the time that revenue or income occurred. A revenue receipt can also be a type of proof of revenue, such as a W-2 Form from an employer.
