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What is income collected to pay the nation's expenses?
revenue
Why is VAT charged?
To generate revenue for the treasury to pay for public services, defence, government etc.
What is the definition of total gross taxable revenues?
"Total gross taxable revenues" means revenues from all your sales which are subject to tax. == == Total Revenue - Exempt Revenue = Taxable Revenue Exempt revenue - Eg. a sale made to the Government .. You do not have to pay tax on it since you do not charge them with tax. (This example may not be applicable to all countries)
What is an accurate description of accrued revenue?
Accrued revenue is income that has been earned but not yet received. An example would be if you own a rental home and the rent is due on the 1st but your tenants do not pay until the 10th of the month.
What is revenue reserve and its example?
The revenue reserve is the retained earnings which are shown in the company's balance sheet as part of the shareholders' funds and are set aside to use to continue to pay dividends even if the company makes a loss. The example of the revenue reserve are the credit balance of the Profit and Loss Account, General Reserve and etc...
What percentage of a solo law practice revenue can one expect to pay in taxes?
You don't pay tax on revenue. You pay tax on net earnings...that is, essentially, revenue minus expenses.
Where does the state receive its revenue from?
The taxes you pay
Where does the state receive its revenue?
The taxes you pay
What is income collected to pay the nation's expenses?
revenue
What is income collected to pay nation's expenses?
revenue
Where did Hamilton expect that the revenue to pay the interest on the national debt would come from?
Hamilton expected that the revenue to pay the interest on the national debt would come from excise taxes and customs duties. He did not want the revenue to come from income tax.
Advertisement is capital or revenue?
It is neither. Advertisement is a cost you have to pay.
How does slum tourism generate revenue?
tourist pay taxes
Can they garnishment your vacation pay for revene Canada?
hi REVENUE CANADA IS GARNISHING MY PAY CAN THEY ALSO GARNISH VACATION PAY
Is bank interest classed as revenue?
Yes. The interest earned by the bank is revenue to the bank and the interest paid by the bank to its deposit customers is revenue for the customer. Either ways it is considered an income or revenue. And, the person earning this revenue is liable to pay taxes for it.
What does profit mean in math?
Profit is revenue minus costs. In merchandising, you have to pay for the items you sell, and you charge a higher amount to your customers. The difference between what you pay for them (cost) and what you get for selling them (revenue)_ is your profit. ■
Who do you pay your taxes to?
Federal taxes are paid to the Internal Revenue Service.
