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What type of tax must a business pay on its profits to the US federal government and local state governments?
Businesses in the U.S. are required to pay federal income tax on their profits, which is determined by the corporate tax rate set by the IRS. Additionally, many states impose their own corporate income taxes on business profits, which can vary significantly from one state to another. Some local jurisdictions may also levy taxes on business income, further contributing to the overall tax burden. It's essential for businesses to comply with both federal and state tax regulations to avoid penalties.
What else can I help you with?
What type of tax must a business pay on its profits to the federal government and some state and local governments?
corporate tax
What type of tax must a business pay on it's profits to the federal government and some state and local governments?
corporate tax
What type of tax must a business pay in its profits to the federal government and some state and local governments?
A business must pay corporate income tax on its profits to the federal government, as well as potentially to state and local governments, depending on their tax regulations. This tax is calculated based on the company's net income after deductions for expenses, and the rates can vary by jurisdiction. Additionally, some businesses may also be subject to alternative taxes, such as franchise taxes or gross receipts taxes, depending on the location and structure of the business.
What is the significance of the industrialization?
War is big business and big business can afford to promote and lobby governments to go to war. Big business profits, many government officials profit and the people are cannon fodder.
What is the significance of the military industrial complex?
War is big business and big business can afford to promote and lobby governments to go to war. Big business profits, many government officials profit and the people are cannon fodder.
Government actions that affect business profits are called?
taxes
What is the role of government in trade dispute?
Federal Government - puts competitive tax on profits to attract buisnesses
Why were many African governments unstable after gaining their independance?
some governments experienced corruption and poor planning. also, many government leaders were taking the countries profits and putting them into their own personal foreign banks.
How do the institutional and government markets differ from business markets?
Institution and governments run almost identically like business markets except for a couple things. The main thing is these markets may not focus so much on profits rather than growth. Also institutional and government markets are under the public eye a lot more.
What did harding do to help business?
Harding used laissez-fair as a business improvement. It wasn't simply for government to keep their hands off business, but for government to help guide business along the path to profits.
What best describes hardings attitude toward business?
He felt the government should cooperate with business to achieve greater profits
What describes warren hardings attitude towards business?
He felt the government should cooperate with business to achieve greater profits
