successfulrel successfulrel
  • 17-01-2022
  • Mathematics
contestada

If a company has a higher than usual cost of goods sold in a year, what potential effect does that have on its taxes?

Respuesta :

rdgoggle
rdgoggle rdgoggle
  • 17-01-2022

Answer:

The business tax will increase

Step-by-step explanation:

Businesses (that do their business over the table & legally) will have to pay business tax. This is calculated by the amount of tax paid by taxable income. So, if you are selling more products in a year than the previous year, this years taxes will increase.

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