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.
The alternative minimum tax (AMT) is an extra tax some people have to pay on top of their regular income tax. It has its own set of rates and rules for deductions, which are less generous than the non-AMT rules. The idea behind the AMT tax was to prevent people with very high incomes from using special tax benefits to pay little or no tax. But the AMT kept expanding its reach over a 42-year history and has applied to taxpayers who don't have a very high income or who don't claim lots of special tax benefits.