answersLogoWhite

0


Best Answer

All business operations pay taxes of all kinds plus income taxes on the net profit from the business operation.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What businesses pay this tax on profits earned?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Income tax means?

Income tax is a government-imposed tax on the earnings or profits of individuals and businesses. Individuals pay income tax on their various sources of income, while businesses are taxed on their profits. The tax rate often depends on the amount of income or profit earned. Revenue generated from income tax is used by governments to fund public services like education, healthcare, and infrastructure. Tax laws and rates vary by country, and taxpayers are required to report their income and pay the appropriate tax based on their jurisdiction's tax regulations.


Do businesses pay taxes?

In one way or another, they pay income taxes on profits, property, vehicles, and every other tax that everyone else pays. Depending on the type of business and how it is formed, determines how the income tax is paid and on what type of tax return.


What is a tax exempt number?

Some businesses, non-profits, and other organizations are given "tax exemption" - usually city/county officials being the primary. By showing their tax exempt number at a register, they do not have to pay sales tax on their purchase.


Do you have to pay federal income tax on profits from e-bay?

Yes. Profits are taxable.


Are profits earned from stocks taxed?

Profits from stocks & shares are classed as taxable income - and must be declared to the tax man.


What are some benefits of tax free investments?

There are plenty of benefits of tax free investments. However, the best benefits of tax free investments is getting more profits and not have to pay tax for those profits.


Do businesses pay school tax in new york?

no not really


Tax treaty benefits?

You will not be subject to double taxation. This means that when you pay tax on profits made in one country, you will not be expected to pay the full rate of tax in the country to which you are repartriating these funds.


Do you have to pay tax on money earned by providing a service?

Yes I am afraid so.It does not matter how you make income you have to pay tax on it.


What type of tax must a business pay on its profits to the federal government and some state and local governments?

corporate tax


What type of tax must a business pay on it's profits to the federal government and some state and local governments?

corporate tax


What is an example sentence of for the word income tax?

Citizens and corporations must pay income tax on all earned money, even if it is earned overseas.