0
What type of tax must a business pay in its profits to the federal government and some state and local governments?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What type of tax must a business pay on its profits to the federal government and some state and local governments?
corporate tax
What is reinvested profit?
Reinvested profits is also known as retained profit/earnings. The profits are put back into the business for things such as expanding business. Using reinvested profits is an internal source of finance.There is no charges such as interest, dividends or administration.However, if profit is used by the business, it cannot be returned to the owners. Some owners might object to this.
What is a primary characteristic that distinguishes governmental entities from business entities?
The main difference is the purpose of the entity. A business entity's goal is to maximize its shareholder value by earning profits. Government entities exist for various purposes that Congress has determined are necessary either for the government to function properly, or to fill a perceived social need that is not being adequately supplied by the private sector. Since government entities are financed primarily through tax dollars, they are not supposed to earn profits... only enough money to accomplish their specific goals.
What is capital profit?
An operating business may be able to invest its money which makes it as the profits back in the business.
Anu ang kahulugan ng income tax?
incme tax is A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.
What type of tax must a business pay on its profits to the federal government and some state and local governments?
corporate tax
What type of tax must a business pay on it's profits to the federal government and some state and local governments?
corporate tax
What is the significance of the industrialization?
War is big business and big business can afford to promote and lobby governments to go to war. Big business profits, many government officials profit and the people are cannon fodder.
What is the significance of the military industrial complex?
War is big business and big business can afford to promote and lobby governments to go to war. Big business profits, many government officials profit and the people are cannon fodder.
Government actions that affect business profits are called?
taxes
What is the role of government in trade dispute?
Federal Government - puts competitive tax on profits to attract buisnesses
Why were many African governments unstable after gaining their independance?
some governments experienced corruption and poor planning. also, many government leaders were taking the countries profits and putting them into their own personal foreign banks.
What did harding do to help business?
Harding used laissez-fair as a business improvement. It wasn't simply for government to keep their hands off business, but for government to help guide business along the path to profits.
How do the institutional and government markets differ from business markets?
Institution and governments run almost identically like business markets except for a couple things. The main thing is these markets may not focus so much on profits rather than growth. Also institutional and government markets are under the public eye a lot more.
What describes warren hardings attitude towards business?
He felt the government should cooperate with business to achieve greater profits
What best describes hardings attitude toward business?
He felt the government should cooperate with business to achieve greater profits
How government actions affect business profits?
Government is the one that implements laws, regulations, and rules that governs the whole trade and commerce industry - and so whatever their actions are, if largely affects how business and companies earn profits from consumers and through their selling.
