Franchise Tax Definition:
You can define Franchise Tax as, The term franchise tax refers to the payment by a particular company wishing to do business in a particular state. Also known as accumulation tax, it allows businesses to be involved and / or run in the state. Corporations can also be taxed in some states, even if they are licensed in other states. Despite its name, the franchise tax is not a franchise tax and is separate from the federal and state income taxes that must be filed annually.
- Franchise tax is a tax paid by certain companies that want to do business in certain states.
- Some companies are exempt from franchise tax, including brothers, nonprofits and some limited partnerships.
- Franchise tax is paid in addition to federal and state income tax.
- Franchise tax amounts can vary widely depending on the state's tax regulations and are not counted in the organization's profits.
You can define Franchise Tax as, State tax was levied on state authority companies for their right to do business.
Literal Meanings of Franchise Tax
Meanings of Franchise:
Franchise (for individuals or groups)
An individual or group is authorized by the government or company to carry out certain business activities, such as: b.
Sentences of Franchise
The right to vote is limited to Estonian citizens
Synonyms of Franchise
authorization, ballot, give authorization to, grant a permit to, grant authorization to, allow, franchise, permit, grant the right to, give a licence to, warrant, authorize, charter, licence, give leave to, give the right to, give authority to, enfranchisement, grant authority to, grant a licence to, the vote, voting rights
Meanings of Tax:
Tax (on something else)
High demands (power or resources)
Confront a crime or offense (from someone).
Investigation and evaluation (file fee)
Mandatory government income tax, which is levied by the government on employees' income and company profits, or is included in the price of certain goods, services and transactions.
One type or more demand.
Sentences of Tax
Hardware and software are taxed at 7.5%
He knew that the next test would test his full strength.
Why are you blaming me for these baseless allegations?
The clerk collects the bill
Higher taxes will reduce consumer spending
Readers' attention more
Synonyms of Tax
burden, censure, duty, weigh down, pressure, contribution, tribute, demand a tax on, charge, tariff, make demands on, impose a toll on, fee, stress, weigh heavily on, demand, blame, call to account, condemn, exact a tax on, load, levy a tax on, toll, drain, encumbrance, stretch, levy, imposition, charge duty on