BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Funds the Disney Corporation with money it needs to operate.
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Money that supports the Executive, Legislative, and Prejudicial branch of the government.
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A tax that supports the air traffic navy platoon system, the national board of realtors as well as the web of excessive disproportionate growth.
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A tax that supports the federal government; all its systems, highway construction and the military.
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Detailed explanation-1: -Tax levied directly on the income earned is called as direct tax, for example Income tax is a direct tax. The tax calculation is based on the income slab rates applicable during that financial year.
Detailed explanation-2: -State and local governments collect tax revenues from three primary sources: income, sales, and property taxes.
Detailed explanation-3: -The Central Government of India levies taxes such as customs duty, income tax, service tax, and central excise duty.
Detailed explanation-4: -What Is the Difference Between Federal and State Income Taxes? Federal income taxes are collected by the federal government, while state income taxes are collected by the individual state(s) where a taxpayer lives and earns income.