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Do insurance companies pay income taxes?

Yes, and a whole lot of it. The way there income is determined is a specialized field of tax and not like most other Cos that have a tangible product.


Do you pay tax on hot dog cart sales?

Yes, hot dogs would be hot food, and hot dog carts would be tangible assets, so most states would require that you collect sales tax (if you are the seller).


Can a business in North Carolina charge sales tax on a service call?

In North Carolina, the taxability of service calls depends on the nature of the service provided. Generally, most services are not subject to sales tax; however, certain services, like those related to tangible personal property (e.g., repairs or maintenance), may be taxable. If the service involves the repair, installation, or maintenance of tangible goods, then sales tax can be charged. Businesses should consult with the North Carolina Department of Revenue for specific guidance on their services.


How might quality control problems manifest themselves in an accounting department?

The most obvious would be an increase in the percentage of returns/sales. There could be other signs, such as an increase in the usage of raw materials due to higher rejection levels at the end of production.


Do I pay sales tax to a subcontractor for labor in New York?

In New York, sales tax generally does not apply to labor charges for services, including those provided by subcontractors. However, if the subcontractor is providing tangible personal property along with their labor, the total charge may be subject to sales tax. It's important to verify the specific nature of the services and materials involved, as this can affect tax obligations. Always consult with a tax professional for the most accurate guidance based on your situation.

Related Questions

Can you have HIV symptoms but not have HIV?

Yes. Most of the time people who are infected with HIV have no outward signs or symptoms.


In spite of being the most complex culture in the world China did not expand outward because?

china a self-contained economic and political system, turned inward. It did not need the rest of the world


Palpable means most nearly the same as?

Tangible


Is a Ford Truck tangible?

Yes, most are tangible. Save for the ford super duty 50 ton hybrid, that my friend is intangible.


What are Earths layers from outermost going inward?

From most dense at the core to least dense proceeding outward.


There are signs that by 2100 are most species will be extinct.?

is it that there are signs that by 2100, most species will be extinct.


What is the most common color of warning signs?

The most common color of warning signs is yellow.


Why do protestants avoid wearing jewelleries?

Most protestants don't do this. A few in the "holiness" and Free will Baptist denominations do this because in the culture of Jesus' day one of the signs that a woman was a prostitute is that she would wear jewelry. Most Protestants, however, believe that since our modern culture does not equate jewelry with prostitution, there is nothing wrong with jewelry.


What shape are mandatory signs?

Most mandatory road signs are circular


What is the most powerful transmitter of culture?

Language is the most powerful transmitter of culture.


What are the most important driving signs for us to be aware of on the road?

The most important driving signs to be aware of on the road include stop signs, speed limit signs, yield signs, and warning signs such as curves, slippery roads, and pedestrian crossings. These signs help ensure safety and proper traffic flow.


What is a intangible gift?

Tangible means: able to be touched. Most gifts are tangible. Ex. Money, car, ...etc. So intangible would mean something you can't touch. Ex. Love, ...etc.