Recent content by deepak

Yes, Amish people do pay taxes, but there are some exceptions based on their religious beliefs and lifestyle. The Amish are subject to the same federal, state, and local taxes as other Americans, but their exemption status or specific rules vary depending on the type of tax.

Contra revenue refers to accounts or transactions that reduce a company's total revenue. These accounts are recorded as offsets against revenue to reflect situations where some portion of the revenue is either not earned or needs to be adjusted for certain reasons. Contra revenue accounts are...