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If decrease in income taxes payable cash flow will be?
If there is decrease in income tax payable amount it will reduce the cash flow from operating activities or cash outflow from operating activity.
Are late payment of taxes deductible?
no
Is paying taxes to the government an operating activity?
The purpose of taxes is to raise revenue to fund government. Money provided by taxation has been used by states and their functional equivalents throughout history to carry out many functions. It is operated by the government itself.
What is the difference between gross payment and net payment?
Gross = Before TaxesNet= After Taxes
What is advance payment of tax?
If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.
If decrease in income taxes payable cash flow will be?
If there is decrease in income tax payable amount it will reduce the cash flow from operating activities or cash outflow from operating activity.
Is received cash dividens form investing a operating activity?
Dividend received is an investing activity and not an operating activity.
What is the difference between net ordinary income and net operating income?
Net income refers to all income minus expenses and taxes. Ordinary income refers to all income other than capital gain. Therefore, net ordinary income is income, with the exception of capital gain, after expenses and taxes are deducted.
Are late payment of taxes deductible?
no
Is tax paid a financing activity?
No, tax paid is not considered a financing activity; it is classified as an operating activity. Financing activities include transactions related to obtaining or repaying capital, such as issuing stock or taking on loans. Operating activities, on the other hand, encompass the core business operations, including revenues and expenses related to day-to-day functions, such as taxes.
Is it possible to file taxes with no income in order to receive the stimulus payment?
No, you must have earned income to file taxes and be eligible for the stimulus payment.
Which of these could be an example of a money payment made to households by government?
taxes
Is paying taxes to the government an operating activity?
The purpose of taxes is to raise revenue to fund government. Money provided by taxation has been used by states and their functional equivalents throughout history to carry out many functions. It is operated by the government itself.
What is the difference between gross payment and net payment?
Gross = Before TaxesNet= After Taxes
What is advance payment of tax?
If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.
Why was it ironic that Daniel Shays would lose his farm for non payment of taxes?
Why was it ironic that Daniel Shays would lose his farm for non-payment of taxes
Is accounts receivable a financing activity?
no it is an operating activity since accounts receivable are the person who has to give us the money and the mmoney is from sales so it in an operating activity.
