0
Add your answer:
Earn +20 pts
Can a non profit company turn a profit?
Yes. Non profit is a tax status.
What is a non qualifying annuity?
Perhaps you meant a "non-qualified" annuity? If so, a nq annuity is an annuity purchased with after-tax dollars; conversely, a qualified annuity is one purchased with pre-tax dollars, such as in an IRA or a TSA.
What two examples of advantages do the nonprofit organizations have over profit making organizations?
For one thing, a non-profit organization may also qualify for tax-exempt status for the purpose of state or federal income taxes. There may be other benefits, such as exemption from paying (or collecting) state sales taxes, and exemption from paying for U.S. postage on non-profit mailings.
Which charities are for profit?
Charities by definition are non profit. The term comes from the IRS 501 c 3 distinction which allows certain nonprofits to accept charitable donations, meaning donations to the organization are tax deductible. There are other nonprofits that do not have that distinction and are not considered charities. Some charities own for profit subsidiaries or social enterprises, yet the charities themselves are still nonprofit. Some states, have introduced new corporate structures that both benefit society and are for profit, yet they are not charities. Non profit does not mean the agency loses money or has to break even every year and for profit does not mean it has to make money. Some nonprofits earn significant revenue and some for profit companies lose money. Nonprofit is a tax status and charitable is a distinction under that status.
Non-Profit?
Non-profit refers to an organization that runs primarily on expenses only. It does not use additional surplus money as distributions for dividends or profit, but to achieve the goals of the organization. The non-profit purposes might fall under the categories of education, religion, social, science, literary, recreation or for benevolent principals. Non-profits may have paid staff, as well as volunteers. Non-profits are controlled by boards. For tax purposes, a non-profit must be judged eligible by the IRS.
Canal tolls and fees are catoragized as?
Non-tax revenues.
How do you calculate net profit percentage?
{Revenues-(Cost of Goods Sold+Operating Expenses+Other Expenses+Interest+Tax and Non Tax Expenses-Tax and Non Tax Income)/Revenues}*100 Or to put it simpler, you could use the equation; (net profit/turnover)*100
How does the elasticity of demand influence the tax revenues?
Elasticity of demand influenced tax revenues
What are some examples of items that cause deferred tax assets or deferred tax liabilities?
Examples of items that can cause deferred tax assets include net operating loss carryforwards, tax credits, and deductible temporary differences such as depreciation or bad debt expense. Examples of items that can cause deferred tax liabilities include taxable temporary differences such as accelerated depreciation or prepaid revenues. Additionally, changes in tax rates can also give rise to deferred tax liabilities or assets.
Annual tax revenues in Illinois exceeds billions dollars?
Annual tax revenues in Illinois exceed $51,000,000,000 ($51 billion).
What are the four major sources of state tax revenues?
ingovernmental revenues, employee retirement contributions, individual income & sales tax.
What is the non tax revenue of tamilnadu?
Non-tax revenues cover a wide array of government revenue sources, ranging from proceeds fromthe sale of communications bandwith, to mineral royalties to interest on loans by governments to finesand penalties.
What does the decrease in tax rates increase?
Economic activity and total tax revenues.
What is a non tax?
A non tax debt is any debt that you have that does not include owing a taxing authority, like the IRS, State or local governments. Non tax examples are credit cards, medical bills, students loans.
What is a non tax debt?
A non tax debt is any debt that you have that does not include owing a taxing authority, like the IRS, State or local governments. Non tax examples are credit cards, medical bills, students loans.
How are government social programs funded?
tax revenues
The Laffer curve predicts the effects of changes in the tax rate on which of the following?
tax revenues
