Exam (elaborations)
FEDERAL TAXATION 18% (1-12) TOPIC 1: NATURE, PURPOSE, & SCOPE OF CURRENT US TAX SYSTEM CHAPTER 1 – INTRODUCTION TO TAX
- Course
- ACCOUNTING C237
- Institution
- Western Governors University
CHAPTER 1 – INTRODUCTION TO TAX TAX: is a payment required by a government that is unrelated to any specific benefit or service received from the government. The general purpose of a tax is to fund the operations of the government (to raise revenue) TAX BASE: defines what is actually taxed a...
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