Tax Accounting: Vocabulary

A specialist who is able to give advice on matters of taxation (a)  

• clerk
• Management accountant
• tax advisor

the tax which is due on personal earnings

• income tax

• VAT

• bookkeeper

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

Discount is ____________ from the price.

• added
• divided
• subtracted
• Mr. Ed is very old

Structure of accounting methods focused on taxes rather than the appearance of public financial statements

• Tax Payable

• Tax Statement

• Tax Accounting

Companies pay corporate income tax as a percentage of their ____

• revenue

• Income

• Profit

____ is an agency of the U.S government that collects taxes and enforces tax laws

• The IFRS

• The IRS

• The CIA

IRS : (a)  

• Internal Revenue Service
• International Revenue Service
• Intermediate Revenue Service

The official statements of income and taxes owed

• To Tax File

• Tax Returns

• Tax Service

To File A Return:

• submit these statements to the government for review

• submit the Income Statement to the government for review

• prepare return to the government