IP stands for Internet Protocol; it is the network layer of the collection of protocols (or protocol suite) developed for use on the Internet and commonly known as TCP/IP.Later, the TCP/IP protocols were adopted by the UNIX OSs.They have now become the most commonly used protocol suite on PC LANs.P and TCP/IP. IP stands for Internet Protocol; it is the network layer of the collection of protocols (or protocol suite) developed for use on the Internet and commonly known as TCP/IP. Later, the TCP/IP protocols were adopted by the UNIX OSs.
What is an 'Income Tax' An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. A tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. Income tax is a key source of funds that the government uses to fund its activities and serve the public.
A tax rate is the percentage of the value of property or income to be paid to the government as a tax. For example, if you earn $50,000 in salary for one year, and the applicable income tax rate is 20%, then you must pay $10,000 in taxes, which is 20% of the value of your annual income.