Difference between revisions of "Income tax"
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|[[image:icon_taxes.gif]] | |[[image:icon_taxes.gif]] | ||
− | |'''Income tax''' | + | |'''Income tax''' was a tax set forth by the [[Country administration]] that was deducted from wages received by employees.<br />Tax revenue was added to the country [[Treasury]]. |
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− | ;Example: ''If an employee | + | ;Example: ''If an employee worked for a food company for a '''$5.00 wage''', and the '''income tax''' rate for food companies was '''5%''', then the employee would receive '''$4.75 net wage'''.'' |
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+ | <span style="color:red;font-size:14px;">'''Import Tax was replaced by Work Tax on Day 2,089!'''</span> | ||
Tax rates can be viewed by clicking on the [[Economy]] tab on [[Country stats]]. | Tax rates can be viewed by clicking on the [[Economy]] tab on [[Country stats]]. | ||
==See also== | ==See also== | ||
+ | *[[Work Tax]] | ||
*[[Import Tax]] | *[[Import Tax]] | ||
*[[VAT]] | *[[VAT]] |
Revision as of 04:51, 9 August 2013
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Income tax was a tax set forth by the Country administration that was deducted from wages received by employees. Tax revenue was added to the country Treasury. |
- Example
- If an employee worked for a food company for a $5.00 wage, and the income tax rate for food companies was 5%, then the employee would receive $4.75 net wage.
Import Tax was replaced by Work Tax on Day 2,089!
Tax rates can be viewed by clicking on the Economy tab on Country stats.
See also