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Income Taxes

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Brice Lemke

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2y ago
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Cards in this guide (15)
How to Calculate income tax on the income statement

You can't income tax is based on TAXABLE income, not financial statement income.

What is the smallest unit of local government

Cities and Municipalities are the smallest units of local government, but here in the Philippines, barangays are the smallest units.

Which type of tax is common with Internet purchases

use tax (A+)

What powers each state's budget

revenue

Which of these describes the city commission model of government

The executive and legislative branches are blended into one unit.

What means the same thing as city

city is a public

then city is a lnd fill

Which type of tax is imposed on the wages earned by an individual or corporation

(income tax)

Which term refers to the money that will need to be spent by each agency

expenditures

Which type of tax is imposed on tangible goods such as groceries clothing and electronics

(sales tax)

Which of these is not another name for a district court

city court.

How many states impose a state income tax

41

In the state of Alaska what are the geographic regions within the state that have specific governmental powers

boroughs

What of these describes property tax

type of revenue earned by a state for the rights to ownership of a piece of property.

What tax is the same as an inheritance tax

estate tax

Which of these statements about state sales tax is not true

every state imposes a sales tax.

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