Question

Meaning of Income taxes ​

Answer 1

Answer:

An income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations. ... They are used to fund public services, pay government obligations, and provide goods for citizens...

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Answer 2

Answer:

An income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction.

• The amount of money you pay to the government according to how much you earn is called income tax.