Question

In: Operations Management

What is property tax, Corporate Income Tax, and Social Insurance, and Charges fees

What is property tax, Corporate Income Tax, and Social Insurance, and Charges fees

Solutions

Expert Solution

Property tax - it includes the tax related to the property such as real estate property, house property , building of office and the property he has rented to others. This tax is paid by the owner of the property.

Corporate income tax - this tax is paid by the companies on the business profit. It is payable to the government and is used for a nation's source of income.

Social insurance - social insurance is the protection of individual against the many economic hazards such as sickness, unemployment, old age, disability etc.

Charges fees - charges fees are the among of money which is paid for some work or particular right and services.


Related Solutions

The personal income tax, corporate income tax, and contributions to social insurance (Medicare and Social Security)...
The personal income tax, corporate income tax, and contributions to social insurance (Medicare and Social Security) together makes up approximately ______ of all federal government tax revenues annually (based on annual data from the period 2010-2015.) A. 95% B. 65% C. 45% D. 15% E. 4.5%
What are some key considerations for the federal income tax treatment of property and liability insurance?
What are some key considerations for the federal income tax treatment of property and liability insurance?
What is the corporate income tax liability at December 31,2020?
BONUS OBLIGATION1.) Arthur Corporation pays bonuses to its sales manager and two sales agents. The company had profit for 2020 of P 3,000,000 before bonuses and income taxes. Assume-a.) The sales manager gets 8% and each sales agent gets 6% of profit before tax and bonuses.b.) Each bonus is 12% of profit after income tax and bonuses.c.) Sales manager gets 12% and each sales agent gets 10% of profit after bonuses but before income tax.REQUIRED:Determine the amount of bonus of...
Describe no graphs necessary how the income tax & social insurance taxes affect the labor market....
Describe no graphs necessary how the income tax & social insurance taxes affect the labor market. Be sure to address what happens to wages, shifts in the labor supply/demand curves, changes in quantity of labor and deadweight losses, if any. Define an externality. Give one example of a positive and negative externality. What do markets “look like” if externalities are not accounted for? (Address issues of market efficiency and deadweight losses.)
Corporate Income Tax Computation. Instruction : Referring to the following information, 1. Compute the corporate income...
Corporate Income Tax Computation. Instruction : Referring to the following information, 1. Compute the corporate income tax payable of Company B. 2. Write down accounting entry for those 4 transactions. (if any) 3. Write down accounting entry to record the corporate tax liability/refundable. Company B is SME and VAT registrant.  The audited financial statements of Company B present the profit for the accounting period 1 January 2019 – 31 December 2019 with 500,000 Baht. Here are the additional information...
A company has $3,000,000 in taxable income. The corporate tax rate is 34%. What is the...
A company has $3,000,000 in taxable income. The corporate tax rate is 34%. What is the company's net income (or after-tax earnings)?
Deductibles are not used in which of the following type of insurance? disability income insurance property...
Deductibles are not used in which of the following type of insurance? disability income insurance property insurance health insurance life insurance
Describe the arguments for and the arguments against the corporate income tax.
Describe the arguments for and the arguments against the corporate income tax.
Q4 What arguments can be offered that it is better to tax wage income than corporate...
Q4 What arguments can be offered that it is better to tax wage income than corporate profits and capital income more generally?
What is the difference between Corporate Social Responsibility and social entrepreneurship?
What is the difference between Corporate Social Responsibility and social entrepreneurship?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT