franchise tax Synonyms
No Synonyms and anytonyms found
franchise tax Meaning
Wordnet
franchise tax (n)
a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state
franchise tax Sentence Examples
- Companies with operations in multiple cities or states are often subject to franchise tax.
- The franchise tax rate varies widely from one jurisdiction to another.
- Franchise taxes are typically calculated based on a company's gross receipts or net income.
- Some businesses can qualify for exemptions or deductions from franchise taxes.
- Failing to pay franchise taxes can result in penalties and interest.
- Franchise taxes are often used to fund government services such as education and infrastructure.
- The burden of franchise taxes can weigh heavily on small businesses.
- Some states offer incentives to businesses that pay franchise taxes.
- Franchise taxes are an important source of revenue for local governments.
- Companies should carefully consider the potential impact of franchise taxes when expanding their operations.
FAQs About the word franchise tax
a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the
No synonyms found.
No antonyms found.
Companies with operations in multiple cities or states are often subject to franchise tax.
The franchise tax rate varies widely from one jurisdiction to another.
Franchise taxes are typically calculated based on a company's gross receipts or net income.
Some businesses can qualify for exemptions or deductions from franchise taxes.
