Tax collected by Govt is which of the following: a. Net Profit b.Net Income c. Net Receipt d. Responsibility towards Nationals.

c. Net Receipt

Thanks for giving me opportunity..option C. NET RECEIPT is the answer.

c. NET RECEIPT

C

Answer is: Net Receipt

Governments accounts are prepared in form of receipts and payments .so Net Receipts is  correct one

answer is c 

C) Net receipts

For financial reporting, the tax computation starts with net profit before taxation, after finance costs; then the deductions and add backs are adjusted for in terms of Income Tax laws of the country; resulting in the "net profit / net receipts" taxable amount.