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What is the term for income collected to pay the nation's expenses?
primary
What is the difference between loss and expences?
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
What is the purpose of budgeting?
To make sure expenses are below income
Is income tax collected monthly?
In the UK income tax is collected in various ways, if you are employed then the PAYE (pay as you earn) system will collect tax each time you are paid, which is usually weekly or monthly, if you are self employed then income tax will be normally be collected annually when your tax return is processed.
How much taxes you pay when working on commission?
Commission is treated as regular income and is taxable. You may, possibly, have business expenses that can be counted against the income--follow the IRS guidelines.
What is income collected to pay nation's expenses?
revenue
What is the term for income collected to pay the nation's expenses?
primary
What is Income collected to pay the nation's expenses called?
Taxes
Why do you have income tax?
So that the government has some income to pay for all of the expenses of the government operations.
When was federal income tax first collected?
The first Federal Income tax was collected in 1862. It was to help pay the cost of the United States Civil War.
is there federal aid for low income people for funeral and burial expenses?
is ther federal aid for low income people to pay for funeral and burial expenses?
What is the difference between loss and expences?
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
What are lenders evaluating when they review your sources of income and your expenses?
Capacity to pay back their loan
Does an individual who sells a used car have to pay taxes on the money collected for the sale of the car?
Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.
What is the purpose of budgeting?
To make sure expenses are below income
Is income tax collected monthly?
In the UK income tax is collected in various ways, if you are employed then the PAYE (pay as you earn) system will collect tax each time you are paid, which is usually weekly or monthly, if you are self employed then income tax will be normally be collected annually when your tax return is processed.
How do insufficient income effect a business?
The business does not have enough gross income to pay all of the expenses of the business operation under the present conditions and may need to take steps to reduce the expenses to a level that would produce sufficient income for this purpose.
