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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.


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