Company has to pay _______ to government
Answers
Explanation:
Company has to pay Taxes to government.
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Answer: Company has to pay TAXES to the government. The tax paid by the company becomes an income for the government of India.
Explanation: 1. The government uses the receipts or income to fund essential expenses like proper defense, strong police force, judiciary, public welfare, good infrastructure, etc.
2. But almost 23.31% of the total government expenditure is spent on interest payments solely.
3. The tax is used to fund recurring and non-recurring expenditures of the country. Recurring expenses can be salaries paid to the government workers etc. Non-recurring expenses are always used to build long-term assets for the country for example airports, railways, highways, roads, bridges, schools, colleges, etc.
4. A growing economy mainly focuses on non-recurring expenses only which is also called capital expense – CAPEX.