BUISENESS MANAGEMENT
TAXES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Taxes Paid by the Federal Government
|
|
|
Taxes Mandated by the Federal Government
|
|
|
Taxes Mandated by the State Government to pay for the Legal System in the United States
|
|
|
The Taxes that pay for Schools, Libraries, and Police Departments
|
Detailed explanation-1: -EXEMPTION FROM “INCOME" The university or other educational institution which are wholly or substantially financed by the government and has been setup solely for education purpose and not for profit purpose are entirely exempted from income tax as stated under Section 10(23C)(iiiab).
Detailed explanation-2: -The taxation system in India empowers the state governments to levy income tax on agricultural income, professional tax, value added tax (VAT), state excise duty, land revenue and stamp duty.
Detailed explanation-3: -The tax levied by the state is known as taille.
Detailed explanation-4: -Public schools are primarily funded through property tax dollars and other state and local taxes, but the way tax dollars travel to schools can be confusing. Tax dollars are not necessarily allocated to students or even to schools in the neighborhoods of the taxpayer.