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nikklg [1K]
2 years ago
11

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

Business
2 answers:
frutty [35]2 years 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

#SPJ2

Anna007 [38]2 years ago
6 0
It's income tax...... :)
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They affect your life
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Paparo Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total A
lisabon 2012 [21]

Answer:

$142.10

Explanation:

The computation of average cost of product Q79Y is shown below:-

Activity cost <u>  Total cost   Total activity     Activity Rate</u>

<u>pool</u>

Assembly    $775,100           46,000           $16.85

Processing

orders        $57,375              1,500              $38.25

Inspection   $108,772            1,420              $76.6

Average cost

Direct Material Cost                             $41.00

Direct labor Cost                                  $41.29

Total Direct Cost                                 $37,031

( Material Cost + Labor Cost ) × Number of Units

Add :Assembly Cost                           $18,872

(1,120 Hours × $16.85)

Add :Processing Order Cost              $4,208

(110 Orders × $ 38.25)

Add :Inspection Cost                          $3,830

(50 Hours × $ 76.6)

Total Cost                                            $63,941

Average Cost = Total Cost ÷ Annual Units

= $63,941 ÷ 450

= $142.10

3 0
4 years ago
Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks
Tems11 [23]

Answer:

case 1: when $405,000 fixed overhead cost can be avoided

make buy net income

direct material

994700 0 994700

direct labor 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 195000 405000

purchase price 0 2314200 (2314200)

total 2528500 2509200 19300

YES,jobs should accept the offer because it results in saving of $19300

CASE 2: when no fixed overhead can be avoided

make buy net income

direct material 994700 0 994700

direct labour 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 600000 0

opportunity cost 375000 0 375000

purchase price 0 2314200 (2314200)

total cost 2903500 2914200 (10700)

NO, jobs shold not accept the offer because it results in loss of $10700

4 0
3 years ago
Arundel Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts Receivable has
Ipatiy [6.2K]

Answer:

After the adjusting entry is made, Allowance for Doubtful Accounts balance is a credit balance of $22,290

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The current unadjusted Allowance for Uncollectible Accounts balance is a debit balance of $2,000.

Bad debt Expense = $22,290 + $2,000 = $24,290

The adjusting entry:

Debit Bad debt Expense $24,290

Credit Allowance for Doubtful Accounts $24,290

After the adjusting entry is made, Allowance for Doubtful Accounts balance is a credit balance of $22,290

4 0
3 years ago
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Answer:

D

Explanation:

5 0
3 years ago
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