Employees pay income taxes depending on the rates of the chartering state, therefore a firm may opt to charter in a state with lower income taxes if it has a physical headquarters in one state but files for incorporation in another.
<h3>What is tax?</h3>
A tax is a mandatory financial charge or other types of levy imposed by a governmental organization on a taxpayer (an individual or legal entity) in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and tax reliefs. Most nations have a tax system in place to pay for public, shared social, or agreed-upon national necessities, as well as government services.
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Answer:
The decline of industry decreases aggregate supply, but it also decreases aggregate demand, i.e. fewer workers = lower demand for goods and services. Since the government receives money form taxing both industries and households, if both industries' and households' income decreases, the government will receive less tax revenue. Less revenue results in higher deficit.
Explanation:
Answer:
Explanation:
When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.
Answer:
Technically yes
Explanation:
if you think about it marketing strategy and competitive position are the same thing bc lower and higher are in common
