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The type of tax collected by a mediating agent and then forwarded to the government is typically referred to as a "withholding tax." This tax is often deducted from income, such as wages or dividends, by an employer or financial institution before the funds are disbursed to the recipient. The agent is responsible for remitting this withheld amount to the government on behalf of the taxpayer. This system helps ensure tax compliance and simplifies the payment process for taxpayers.

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What type of tax is collected by a mediating agent?

A mediating agent typically collects sales tax, which is imposed on the sale of goods and services. This tax is collected on behalf of the government at the point of sale and is usually a percentage of the transaction amount. In some cases, mediating agents may also be involved in collecting other types of taxes, such as value-added tax (VAT) or service tax, depending on the jurisdiction and nature of the transaction.


Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax?

indirect tax


What type of tax is collected by a mediating agent from the person who is responsible for paying the tax?

The type of tax collected by a mediating agent from the person responsible for paying it is typically referred to as a "withholding tax." This tax is deducted at the source by the mediating agent, such as an employer or financial institution, and is then remitted to the tax authorities on behalf of the taxpayer. Withholding taxes are commonly applied to income, dividends, and interest payments.


Which type of tax is collected mediating agent from the person who is responsible for paying the tax?

The type of tax collected by a mediating agent from the person responsible for paying the tax is known as a "withholding tax." This tax is typically deducted at the source by employers or financial institutions before the income is disbursed to the taxpayer. It ensures that tax obligations are met in advance, streamlining the collection process for governments. Examples include income tax withholdings and payroll taxes.


Who is the registered agent for bank of America in Washington?

The registered agent for Bank of America in Washington is typically a designated individual or business entity that serves as the official point of contact for legal documents and government notices. For specific details, including the current registered agent's name or address, it's best to check the Washington Secretary of State's website or the bank's official corporate filings.

Related Questions

Which type of tax is collected by a mediating agent and then forwarded to the government?

a dollar amount that reduces the amount of taxable income


Which type tax is collected by the mediating agent and then forward to the government?

indirect tax


Which type of tax is collected by a meditating agent and then forwarded to the government?

Corporate Tax


What type of tax is collected by a mediating agent?

A mediating agent typically collects sales tax, which is imposed on the sale of goods and services. This tax is collected on behalf of the government at the point of sale and is usually a percentage of the transaction amount. In some cases, mediating agents may also be involved in collecting other types of taxes, such as value-added tax (VAT) or service tax, depending on the jurisdiction and nature of the transaction.


Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax?

indirect tax


What type of tax is collected by a mediating agent from the person who is responsible for paying the tax?

The type of tax collected by a mediating agent from the person responsible for paying it is typically referred to as a "withholding tax." This tax is deducted at the source by the mediating agent, such as an employer or financial institution, and is then remitted to the tax authorities on behalf of the taxpayer. Withholding taxes are commonly applied to income, dividends, and interest payments.


Which type of tax is collected mediating agent from the person who is responsible for paying the tax?

The type of tax collected by a mediating agent from the person responsible for paying the tax is known as a "withholding tax." This tax is typically deducted at the source by employers or financial institutions before the income is disbursed to the taxpayer. It ensures that tax obligations are met in advance, streamlining the collection process for governments. Examples include income tax withholdings and payroll taxes.


How do you became a secret agent?

To be a real secret agent you have to work for the government


How do you beat the 39 clues mission 10?

You Need To Have ALL 39 Clues collected to continue ADD ME! MY AGENT CODE IS P2RMHMMPXP Add Me My Agent Code Is P66P94C4XP


What are Protection to a collecting banker and to a paying banker?

A collecting banker's protection consists of the check he collected is a crossed check, he collected the check only as an agent, and he collected it in good faith. For a paying banker, his protection is that the signature is verified and the check is genuine.


How can you use government in sentence?

The FBI agent is a federal government employee.


Please tell me, how can i register directly through government,without an agent. thank you.?

Please tell me, how can I register directly through government, without an agent. Thank you.