Answer:
It is important to reconcile your banking account because you want to make sure that your amount in your account is correct. By reconciling, you are verifying that your statements are correct.
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Answer: Income is taxed when earned, capital gains income is taxed when realized, dividends when distributed, and other forms of business income may escape taxation entirely .
Explanation:
The legal doctrine that allows for the usage of copyrighted works for certain purposes is known as the <u>"Fair Use" doctrine.</u>
<h3>The "Fair Use" doctrine</h3>
- Became federal law by the passing of the Copyright Act of 1976.
- Allows for usage of copyrighted material for teaching, news reporting, and research among others.
This means that when copyrighted work needs to be used in areas covered by this doctrine, the users do not have to ask for permission from the owners of the work.
In conclusion, this is The "Fair Use" doctrine.
Find out more on The "Fair Use" doctrine at brainly.com/question/1268530.
The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the income earned before taxes. For example, if a company earned $100,000 and paid $25,000 in taxes, the effective tax rate<span> is equal to 25,000 / 100,000 or 0.25.
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