A company that pays $40,000 in taxes?

Question

How much does a company make if they are paying 40,000 in taxes a month?

Answer 1

There would be no way to tell what the company's income may be from the amount of tax they pay. First of all there are several types of taxes that the company may be paying that has nothing to do with their revenue. There would be a number of circumstances in which a company could be paying out $40,000 in "taxes" but have a loss regarding net income.

Answer 2

No way to say. There are many different kinds of taxes and not all of them are linked to income. They could be losing money and still pay $40,000 in payroll taxes for example.

Answer 3

Generally it would only mean the company is doing very well if it had to pay 40K in taxes a month.

Likely sales tax, which the company takes the sales tax collected from customers and remit to the state.

Could be income/corporate taxes but highly unlikely on a month basis, more so on a quarterly basis.

Answer 4

Do you mean corporate taxes? It's really not that simple. Different streams of income are taxed in different ways, not to include things that might have been turned deductible, etc etc.

The best way is to check the publicly released balance cheat.

Answer 5

as quickly as the IRS realizes that practically each worker stopped paying taxes, they are going to mandate that anyone could have taxes withheld making use of the W-4 submitting of single and 0 allowances which will stress employers to withhold the main quantity of tax from anyone's paycheck.

Answer 6

What kind of taxes are they paying?

Answer 7

Can't be answered - there's all kinds of taxes.

Answer 8

Moo, its a Balance Sheet, not Balance CHEAT