This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In Texas, which is true of the 1991 franchise tax? a. It is levied only on a business's ... (Read 86 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jul 8, 2018
In Texas, which is true of the 1991 franchise tax?
 
  a. It is levied only on a business's inventory.
  b. It applies only to sole proprietorships.
  c. It is typically assessed on a business's revenue plus employee compensation.
  d. It must be paid even if a business fails to make money.

Question 2

Teal Motor Corporation manufactures automobile parts. It currently has stock worth 120,000. It has not made any significant profit this year but has to pay taxes based on its earned surplus. Which of the following taxes is best described in this example?
 
  a. the poll tax
  b. the amusement tax
  c. the insurance tax
  d. the franchise tax


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fur

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 8, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


gbarreiro

  • Member
  • Posts: 566
Reply 2 on: Jul 8, 2018
Wow, this really help

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
The Weather Business: A Brief Overview The Weather Business: A Brief Overview
Business Math Question Solution Business Math Question Solution
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Prone Position

For a complete list of videos, visit our video library