Differentiate business taxes and income taxes

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Problem 1: Differentiate Business Taxes and Income Taxes. Is PPE disposed subject to business tax? Explain.

Problem 2: Can Business Tax still covers transaction not in the ordinary course of trade or business? Explain.

Problem 3: Can a transaction be subject to Business Tax and Income Tax? if yes, why there would be no double taxation?

Problem 4: Site the characteristics of a taxpayer to be recognized as Marginal Income Earner.

Reference no: EM132781280

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