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tensa zangetsu [6.8K]
3 years ago
7

How do taxes influence responsible financial planning?

Business
1 answer:
Talja [164]3 years ago
8 0

Answer:

Proper tax planning makes it easier to build your personal finances and afford the things you want. Additionally, by anticipating taxes when you create your financial plan, it's possible to significantly boost how much money you will have in retirement.

Explanation:

You might be interested in
What is the correct term that describes the withdraw of protection or support or the discontinuance of medical care without prop
Murljashka [212]

Answer: Abandonment.

Explanation:

According to the Oxford's Learner's Dictionary; abandonment is defined as "<em>the act of leaving a person, thing or place with no intention of returning" </em>or "<em>the act of giving up an idea or stopping an activity with no intention of returning to it"</em>

In medicine the term changes slightly and occurs when the benefits of the protection or support that a patient recieved is taken away without proper notification after the patient has been accepted.

This can occur in a number of different ways;

  1. Doctor does not visit patient while the patient is at the hospital.
  2. Doctor refuses to treat a patient who was previously accepted without reason or motive.
  3. Failure to follow up with patient´s medical reports or health.
  4. Failure to assign a substitute when not available. (for example, a woman is giving birth and the doctor leaves the hospital without checking the patient or following up with their health status and doesn't deliver the patient's notes to the doctor who is working the other shift)

It is not considered abandonment when the doctor-patient relationship is legally terminated. This happens when the physician and the patient mutually agree to terminate the relationship.

8 0
4 years ago
Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fibergla
myrzilka [38]

Answer:

Option (3) is correct.

Explanation:

Given that,

Unit completed and transferred out = 74 units

Ending work in process = 20 units

Here, we are using a weighted-average process cost system,

Equivalent units:

= Unit completed and transferred out + (Ending work in process × Percent completion)

= 74 units + (20 units × 100%)

= 74 units + 20 units

= 94 units

Therefore, the Fabrication Department's equivalent units of production related to materials for July is 94 units.

4 0
3 years ago
You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and a 7% annual coupon. The bond has a c
Andreas93 [3]

Answer:

The coupon value is 1000 × 7%  = $70

Face Value is $1000

Current price is annual ÷ current yield ∵ 70÷0.0574= $1,219.54

Maturity period: 12 years

YTM of Bond = (70+((1000-1,219.54 / 12)) / ((1000+1,219.54)/ 2) = 4.66 percent

Explanation:

The coupon value is 1000 × 7%  = $70

Face Value is $1000

Current price is annual ÷ current yield ∵ 70÷0.0574= $1,219.54

Maturity period: 12 years

YTM of Bond = (70+((1000-1,219.54 / 12)) / ((1000+1,219.54)/ 2) = 4.66 percent

4 0
3 years ago
Two obstacles you may face in your attempt to achieve your goals
egoroff_w [7]

Answer: Perfectionism, Expectations, Distrations, etc.

Explanation:

5 0
3 years ago
Sandhill Co. entered into these transactions during May 2022, its first month of operations.
mixer [17]

Answer and Explanation:

The transactions 3 6 and 8 represents that the expenses are incurred which results in increased and expenses and the transaction 4 and 5 shows that there is an increased in revenue

The journal entry is shown below:

For transaction 3

Rent expense

        To Cash

(Being the rent expense is paid for cash is recorded)

As the expense has debit balance so it would be increased

For transaction 6

Electricity expenses Dr

      To Cash

(Being the energy usage is paid for cash is recorded)

As the expense has debit balance so it would be increased        

For transaction 8

Advertising expense Dr

             To Account payable

(Being the advertising expense is recorded)

As the expense has debit balance so it would be increased

For transaction 4

Account receivable Dr

        To Service revenue

(Being the service is provided)

As the revenue has credit balance so it would be increased

For transaction 5

Cash Dr

        To Service revenue

(Being the service provided is recorded)

As the revenue has credit balance so it would be increased

The attachment is provided for better understanding  

The other transactions represent the assets, liabilities and stockholder equity

8 0
3 years ago
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