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Revenue
the income that a firm receives from the sale of a good or service to its customers. Revenue is calculated by multiplying the price (p) of the good by the quantity produced and sold (q).
Just like an individual, businesses must pay several different kinds of taxes, some easier to understand than others. Taxes for businesses come in several varieties: federal, state, and local.
Just like an individual, businesses must pay several different kinds of taxes, some easier to understand than others. Taxes for businesses come in several varieties: federal, state, and local.
