Which are the impacts of higher tax rates on net present value？ A: The tax shield effect of depreciation increase B: The tax shield effect of depreciation decrease C: the income tax increase D: the income tax decrease

Some states have sales tax in (add) ______ to income tax.

A business is registered for sales tax. The sales tax rate is 20%.Sales (including sales tax) for the period are $37,200 and purchases (excluding sales tax) are $19,600.What is the balance on the sales tax control account? A: $3,920 B: $6,200 C: $3,760 D: $2,280

A tax haven is likely to have the following characteristics. (a) Tax on foreign investment or sales income earned by resident companies, and withholding tax on dividends paid to the parent, should be high. (b) There should be a stable government and a stab

Which of the following items are not deductible when calculating the taxable income of enterprise income tax? A: Late tax payment penalties B: Penalties, fines and losses on confiscated properties C: Capital reserves that have yet been audited and determined D: Foreign exchange losses