- Meaning and Examples
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Net income before taxes
Net income before taxes is the amount a firm earned from operations before state and federal income taxes are
Compulsory government levies collected to pay for public spending. There are many different types of taxes (income, corporate, sales,
Environmental Taxes are imposed on particular activities or products that are considered to be especially damaging to the environment
Direct taxes are taxes which affect the consumer directly, such as income tax, corporate tax, capital gains tax etc.
Indirect taxes are taxes, which are charged on goods produced, imported or exported: Excise and Customs duties
State unemployment taxes
State unemployment taxes refer to taxes that are imposed on the employer by states that provide benefits to employees who lose their jobs.
Under the U.S. pay-as-you-go system of federal income taxes, employers are required to withhold income taxes from employees each pay period.
In 1937 Congress enacted the Federal Insurance Contribution Act (FICA). FICA taxes are designed to provide workers with supplemental retirement, employment disability...
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