Question

When the tax rate is high what type of fund is collected for new interest area of a company ?

Answer pls
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Answer 1

The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the earnings (or income earned) before taxes. For example, if a company earned $100,000 and paid $25,000 in taxes, the effective tax rate is equal to 25,000 ÷ 100,000 or 0.25.

Answer 2

Answer:

An excess profits tax is an extra tax levied on business profits or income above a specified rate of profit. Any companies or self-employed individuals who earn above the specified level have to pay an additional tax on that income.

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