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1 year ago

Which of the following is a type of tax paid straight to the federal government?

Business

2 answers:

frutty [35]1 year ago

8 0

Option a: Income tax

Income tax is a tax levied on an individual or group with respect to the income or profits received by the individual or group. Income tax is usually calculated as the product of tax rate and taxable income. tax rates may vary depending on the type and characteristics of the taxpayer and the type of income.

Income tax is a tax that the government imposes on income generated by businesses and individuals within its jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods to citizens.

what is income tax? the tax levied on the income of a company or individual is known as income tax. Income taxable income can come from various sources, including wages, salaries, dividends, interest, loyalty, rent, gambling prizes, and product sales.

Learn more about Income tax here brainly.com/question/26316390

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Anna007 [38]1 year ago

6 0

It's income tax...... :)

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An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized

Fynjy0 [20]

An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized way is termed the Service Oriented Architecture or abbreviated as SOA. It is also a style of software design in which services are provided to the other components by application components, through a communication protocol over a network.

3 0

3 years ago

Which of the following is deductible as interest on Schedule A? a.Interest on a loan for a 90-foot yacht (a qualified residence)

vodomira [7]

Answer:

Correct option is A.

Interest on a loan for a 90-foot yacht (a qualified residence) with a kitchen, 3 baths and 5 bedrooms

Explanation:

Assesses are permitted a conclusion for unmistakable intrigue paid or collected during the expense year. Sum and sort of derivation is reliant intentionally for which cash is obtained. Enthusiasm on credit for lease, business and eminence exercises is deducted for balanced gross pay. Enthusiasm on credit if there should be an occurrence of individual utilise like speculation intrigue, qualified home intrigue, contract intrigue prepayment punishments, intrigue identified with aloof action. Enthusiasm on credit used for buying resources producing charge excluded salary isn't deductible.

Following interest is not deductible as an itemised deduction:

1. Credit investigation fees

2. Service charges

3. Premium on convertible bonds

4. Interest paid to carry single premium life insurance

5 0

3 years ago

Which journal entry reflects the adjusting entry needed on December 31?:In November, BOC received a $5,000 cash deposit from a c

Kryger [21]

Answer:

No adjusting entry required

Explanation:

When the contract was formed and advance was received the company must had recorded the following entry:

Dr Cash Account $5000

Cr Unearned Revenue $5000

Now it is the year end and till now the goods are not delivered which means advance that was received is still our unearned revenue So no further entry is required until the delivery of the goods ordered to the customer.

Correct entry is "No adjusting entry required"

7 0

2 years ago

You and your friends want to buy a condo at the beach to time share. Each of you has single peaked preferences with a most prefe

Gemiola [76]

Answer:

Individual Cost Shares to be enjoyed

Mabel $10,000 10000 / 150000 = 6.67%

Gertrude $20000 20000 / 150000 = 13.3%

Myron $30000 30000 / 150000 = 20%

Wilber $40000 40000 / 150000 = 26.6%

You $50000 50000 / 150000 = 33.3%

Explanation:

peaked preferences

Most preferred value to spend :

Mabel = $10,000

Gertrude = $20,000

Myron = $30,000

Wilber = $40,000

you = $50,000

cost of Condo = $150,000

Implementing a Uniform rule mechanism to allocate costs and shares

The uniform rule ; ∑ j∈I Uj (p) = Ω.

where Ω = fixed amount of resource

hence the summation of all allotment should = Ω ( $150,000 )

Number of friends = 5

cost of condo = $150,000

If divide equally each person will have to pay ; $150,000 / 5 = $30,000

Total money to be spent by friends = 10,000 + 20,000 + 30,000 + 40,000 + 50,000 = $150,000

Individual Cost shares to be enjoyed

Mabel $10,000 10000 / 150000 = 6.67∑%

Gertrude $20000 20000 / 150000 = 13.3%

Myron $30000 30000 / 150000 = 20%

Wilber $40000 40000 / 150000 = 26.6%

You $50000 50000 / 150000 = 33.3%

∑shares ≈ 100% ( 150,000 )

6 0

3 years ago

Do you believe that managers should be given more autonomy to make personnel decisions such as hiring, appraising, and compensat

Tpy6a [65]

Answer:

The correct answer is: managers should be given less autonomy to make personnel decisions such as hiring, appraising, and compensating subordinates.

Explanation:

The function of management consists of a series of resources that must be observed in order to achieve organizational goals, therefore it is allowed to delegate important functions such as personnel management to a person who in turn must be accountable; For this reason, management must engage in extremely important functions such as obtaining clients, establishing sales strategies, positioning, etc., while the people in charge of each department perform their functions according to the internal regulations of the organization and the other guidelines established in order to ensure that such resources are aligned and allow the achievement of organizational goals.

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3 years ago