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What is the distinction between operating and non operation income?
Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.
Grants or special tax exemptions provided to businesses are called?
Income tax
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.
What is aggregate income?
The total amount that households and businesses receive before taxes and other expenses are deducted is called aggregate income.
Difference between capital income and revenue income?
Capital income is that income which is recevied or generated from sale of capital assets like shares or gold etc. Revenue income is that income which is generated from basic business operating activities.
When is the Gnp higher than Gdp?
GNP is higher when there is more income generated from Americans on our land and abroad then there is by the income generated domestically alone.
National income is generated from?
any productive activity
A hazard true or false the national income is the nations input-and the value of the income generated by the production of that input?
It is false. ... .of yhe value of the nation`s output and the value of the income generated bybthe production of that output.
What does business income mean?
The earning generated by way of profit, selling of property, commision or any other form by the company can be called as business income and is reflected in the Profit & Loss A/c and Balance Sheet of the company.
Fee based income in banks?
any income generated out of a transaction which does not actually involve the funds of the bank can be considered as fee-based income
How do you use the word generated in a sentence?
After ten years of losing money, the business finally generated some income. Electricity is generated by several dams in the US Northwest.
What percentage of Italy's income is generated from tourism?
Between 40-45%
