Hi can you help me come up with answers.    Question:  Among the essential characteristics of tax, which do you think is the most relevant for you as a student?

Q: The best tax incentives that can significantly reduce its tax liability after finish claiming…

A: Investment tax credits are basically a federal tax incentive for business investment. They let…

Q: QUESTION: if Chiz is non-VAT registered, how much is the business tax payable?

A: Non Vat Register For the Non Vat register whose gross sales / gross receipts which are not crossed…

Q: A progressive tax system encourages individuals to work harder.Is it true or false? and why?

A: Progressive tax system is the system under which a lower rate of tax is imposed on an individual…

Q: report expenses using correct tax categories because

A: The accountants have to report expenses under correct categories always.

Q: Write a short reflection on taxes, who should carry the burden and who benefits from it?

A: Taxes Taxes which are considered to be one of the important source of revenues for the government…

Q: Assuming that you were a tax consultant of a certain company, discuss the specific provisions of the…

A: Tax Planning: Tax planning is the investigation of a monetary circumstance or plan to guarantee that…

Q: 1. Explain how value-added tax (VAT) works and its advantages and disadvantages from businesses,…

A: Disclaimer: "Since you have asked multiple questions in a single question we answered first question…

Q: Why is tax policy considered to be a blunt instruction?

A: Tax : Governments levy taxes on residents to create revenue for projects that would strengthen the…

Q: Why is the Donor's tax is the advantageous for the taxpayer? Explain

A: Donar's tax refers to the tax on a donation or gift. It is imposed on the gratuitous transfer of…

Q: Can you give me an idea of how taxation is important in our lives?

A: Taxation is the process through which a government imposes a financial restriction or liability on…

Q: What are child tax credits and payroll taxes? Explain the advantages and disadvantages. which…

A: Child Tax Credits  In America, child tax credits are given to every family in which dependent child…

Q: True or false: After calculating your income taxes, you may find yourself owing to the IRS instead…

A: A tax is a governmental organization's mandatory financial obligation or another form of levy…

Q: What is Professional Tax and give examples?

A: A tax is a financial charge imposed by government. It is a source of income for the governments to…

Q: what is mean by Tax evasion and what reasons the people do this?

A: Tax obligation represents the liability of the taxpayer towards the government for the payment of a…

Q: II. How Sin taxes help the health of the people?

A: II.  Sin tax are imposed on the goods which are harmful for health ( such as alcohol, tobacco etc. )…

Q: Evaluate the three strategies reducing income, increasing deductions, and taking advantage of tax…

A: ANSWER   A tax strategy is a plan to reduce tax. It is ethical and moral because, we ensure to pay…

Q: What are the principles of a sound tax system? Briefly explain each

A: Introduction:- The tax system is described as a legally controlled system of public relations based…

Q: Explain what is the most beneficial, or useful piece of tax information we can learn from tax…

A: Taxes are main components of business but there are many ways to reduce taxes and pay efficient…

Q: 1) Class, what are transfer taxes? What is the purpose? When and how might they apply? 2) Share…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Which of the following is the best definition of tax planning? Oa. Planning taxpayers' financial…

A: Tax planning refers to financial planning for tax efficiency to reduce tax liability and optimally…

Q: Reproduce the tax formula for indivudal taxpayers in good form and briefly describe each of the…

A: Tax: Tax refers to a compulsory payment or a contribution to the state revenue, levied by the…

Q: Compute the additional tax due or refund they have when filing their tax return.

A: It has been given in the question that the withholding tax has been $11,000 and there is a gross tax…

Q: Explain further the steps in determining the income tax. Use the space provided for your answer.…

A: Tax is a charge which is levied on the taxable income of a taxpayer. A taxpayer has to pay the tax…

Q: What is meant by two terms, ‘tax evasion’ and ‘tax avoidance’? Give your answer with examples of…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: What are the taxes and tax rates for individual taxpayers? Hope you can help me, thank you

A: Taxpayers are referred to as those individuals, or organizations who are obliged to pay the taxes to…

Q: the tax payer's claimed capital allowance for a car that registered under his personal name and the…

A: Job of tax agent is quite difficult because people want to save tax but our job is quite difficult…

Q: What are the determinants of Tax Revenue? Show how you can improve Tax Revenue.

A: Tax revenue is the revenue for the governmental authorities when income earners pay taxes as per the…

Q: What is a tax return? brief explain

A: Tax return in a form designed by designated tax authorities which helps taxpayers to disclose their…

Q: show. Identify all of the possible tax implications of this giveaway and explain what you think the…

A: Donation or charitable work can be defined as the performance of work or provided services to the…

Q: Do you thinks taxes are moral? Explain your answers

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: Can you explain the benefit principle and ability to pay approach with regard to tax equity. Which…

A: Benefit principal theory of taxation - In this theory citizens of a country are asked to pay tax…

Q: o tax? Describe each. Thank you in advance

A: Usually, all incomes and value additions are taxed as income tax. Income tax is a direct tax which…

Q: What are the different forms of escaping taxation? (Please include the references, I really need it,…

A: Taxation: Taxation suggests that by that a government or the taxing authority imposes or levies a…

Q: How do you calculate State Tax? How do you calculate FICA Tax

A: State tax:   State income tax is a direct tax. State tax is levied by a state in the state the…

Q: What is Taxation? Please discuss it to me and give examples Hope you can help me, I will really…

A: Government and local authorities require revenues for the infrastructural and other services that is…

Q: Marco Polo, How much is the total income not subject to tax?

A: Answer: The part of income that are exempted becomes the part of income which are not subject to…

Q: Why every person needs tax planning?

A: Tax planning is something by which an individual or any entity can plan out on how much tax it can…

Q: What are the importance of taxation in your life

A: solution concept Tax is an important source of revenue for the government Government collects the…

Q: 1Which of the following can be delegated outside the legislative branch? *   Determining the purpose…

A: solution Note : AS per the Q&A guideline we are required to answer the first question only .…

Q: In this question the income tax calculated how was it found? what is the transactions? help please

A: As per the information given in the question, The taxable income is 153.000 TL

Q: What is the advantage of Making versus Buying? Give a scenario and explain the effect focusing on…

A: A make-or-buy decision is an act of choosing whether the product manufacture in-house or…

Q: The following needs to explain further the steps in determining the income tax. Jse the space…

A: SOLUTION-    TAX IS A COMPULSORY FINANCIAL CHARGE OR SOME OTHER TYPE OF LEVY IMPOSED ON A TAX PAYER…

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.