--%>

What is Corporate Tax

Corporate Tax: It is a levy placed on the gain of a firm, with different rates employed for various levels of gains. Corporate taxes are the taxes against profits earned by businesses throughout a given taxable period; they are usually applied to companies' operating earnings, subsequent to expenses like COGS, SG&A and depreciation have been removed from revenues.

Corporate taxes are generally levied by each and every levels of government (that is, State and Country). Corporate tax rates and laws differ greatly about the world, as different governments and countries view corporate taxation in different manners. For illustration, those in support of lower corporate tax rates point to the prospect for bigger economic production when companies are taxed less. Whereas others observe higher corporate tax rates as a way to subsidize government programs and spending for nation's citizens.

   Related Questions in Managerial Accounting

  • Q : Partners-firm and firms name What do

    What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P

  • Q : Selecting strategic options and

    Write a short note on selecting strategic options and formulating the plans?

  • Q : VAT entry How to make a VAT entry in

    How to make a VAT entry in books including set off?

  • Q : Define Support Costs Support Costs :

    Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.

  • Q : Benchmark test The process of testing a

    The process of testing a new software program using actual data and comparing the results to the alternative soft wares. The alternative can be new software or the organization's existing system. The test should be examined the software's accuracy and efficiency.

  • Q : What is Controllable Cost Controllable

    Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.

  • Q : Features of the management accounting

    What are the various features of the management accounting information system?

  • Q : Break even analysis based homework I

    I need homework help in accounting, 10 questions there about break even analysis. let us know if you can so it

  • Q : Explain Cost Assignment Cost Assignment

    Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three

  • Q : Bank reconciliation statement Explain

    Explain the term bank reconciliation statement?