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Trava [24]
3 years ago
8

Is Universal Social Charge, Income tax or Consumer tax? ​

Business
2 answers:
skelet666 [1.2K]3 years ago
5 0

Answer:

income tax

Explanation:

swat323 years ago
3 0

Answer:

income tax

Explanation:

The way this works is when the money goes through the bank they take government taxes out and give you what money you work for at tour job

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If a company has a unique strength relative to its competitors, based on quality, time, cost, or innovation, then the company is
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The answer is: A competitive advantage
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2 years ago
At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $25 million attributable to a temporary
Effectus [21]

Answer:

A. Payne Industries

(In Million)

Dr Income tax expense $54

Cr To Deferred Tax Assets $9

Cr To Income Tax Payable $45

No Journal Entry Required

b. Dr Income tax expense Dr $54

Cr To Deferred Tax Assets $9

Cr To Income Tax Payable $45

Dr Income tax expense $12

Cr To Valuation Allowance - Deferred Tax Assets $12

Explanation:

a. Preparation of the journal entry(s) to record Payne’s income taxes for 2021,

Payne Industries

(In Million)

Dr Income tax expense $54

($45+$9)

Cr To Deferred Tax Assets $9

[($100-$64)*25%]

Cr To Income Tax Payable $45

($180*25%)

(To record income tax expense recorded for 2021 and deferred tax assets reversed for temporary differences reversal )

No Journal Entry Required

b. Preparation of the journal entry(s) to record one-fourth of the deferred tax asset ultimately will be realized

Journal Entries

(In Million)

Dr Income tax expense Dr $54

($45+$9)

Cr To Deferred Tax Assets $9

[($100-$64)*25%]

Cr To Income Tax Payable $45

($180*25%)

(Being income tax expense recorded for 2021 and deferred tax assets reversed for temporary differences reversal )

Dr Income tax expense $12

Cr To Valuation Allowance - Deferred Tax Assets $12

[($64*75%)*25%]

(Being to record valuation allowance for deferred tax assets)

3 0
2 years ago
The following are the account balances in the ledger of Metcaffe Manufacturing Company compiled at the end of fiscal-year 6/31/2
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Answer:

tanong mo sa crush mo joooook

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2 years ago
An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a
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Answer:

B)an offset.

Explanation:

4 0
3 years ago
What is a credit card balance
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That's the amount of charges owed to the credit card company. 
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3 years ago
Read 2 more answers
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