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.
Income Tax. The most standard type of taxation most people are immediately familiar with and personally affected by are income taxes. All U.S. citizens, corporations and estates are subject to this tax. The tax depends on brackets of income someone falls into and the tax rate is graduated based on these brackets.ncome Tax. The most standard type of taxation most people are immediately familiar with and personally affected by are income taxes. All U.S. citizens, corporations and estates are subject to this tax. The tax depends on brackets of income someone falls into and the tax rate is graduated based on these brackets.