Taxes

Description

This is flashcards on taxes to businesses.
annietomkins12
Flashcards by annietomkins12, updated more than 1 year ago
annietomkins12
Created by annietomkins12 about 9 years ago
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Resource summary

Question Answer
INDIRECT TAX A tax that increases the price of a good so that consumers are actually paying the tax by paying more for the product
DIRECT TAX A tax that is paid directly by an individual wihthout regarding their situation.
COORPORATION TAX Are taxes paid againstprofits earned by businesses during a period of time.
TARIFFS A tax imposed on imported goods and services.
CAPITAL EXPENDITURE They are funds used by a company to acquire or upgrade physical assests such as property ,etc.
CURRENT EXPENDITURE Is what is spent on goods and services consumed within the current year, which need to be made to sustain production.
PUBLIC SPENDING It is what is spent by the public sector, in the course of its activities.
PUBLIC SPENDING Is what is spent by the public sector, in the course of its activities.
CURRENT TAX Taxes paid periodically, usually annualy.
PROGRESSIVE TAX El que tiene mas dinero paga
REGRESSIVE TAX El que menos tiene mas paga
PROPORCIONAL TAX Gane lo que gane, pagan todos lo mismo. Es el mas justo.
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