Question

In the program,attached in the image above, why there is written double income, double taxable, double tax?

plz answer my question​

Answer 1

answer:-

What Is Double Taxation?

Double taxation is a tax principle referring to income taxes paid twice on the same source of income. It can occur when income is taxed at both the corporate level and personal level. Double taxation also occurs in international trade or investment when the same income is taxed in two different countries. It can happen with 401k loans.

Answer 2

Answer:

What Is Double Taxation?

Double taxation is a tax principle referring to income taxes paid twice on the same source of income. It can occur when income is taxed at both the corporate level and personal level. Double taxation also occurs in international trade or investment when the same income is taxed in two different countries. It can happen with 401k loans.