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1 year ago

Taxpayers have been able to deduct of their salt taxes from their tax liability.

Business

2 answers:

photoshop1234 [79]1 year ago

6 0

Taxpayers have been able to deduct 100% of their salt taxes from their federal tax liability.

A taxpayer is an individual or a corporation that must pay taxes to the federal, national, or local governments. The main source of funding for governments comes from the taxes that are levied on each person and business. Annual profits and tax responsibilities vary between people and organizations.

A taxpayer is a person or business that is required to pay taxes. Today's taxpayers can also have an identity type or reference range, that is given to individuals or corporations by a centralized authority. The term "taxpayer" typically refers to someone who is able to pay taxes.

timely filing tax returns and payment of taxes give accurate tax return statistics. Support requests for refunds. After closing a business, pay all taxes on time and ask to have the tax account canceled.

Learn more about the Taxpayers here: brainly.com/question/14190241

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siniylev [52]1 year ago

4 0

Taxpayers have been able to deduct 100% of their salt taxes from their federal tax liability.

A taxpayer can be an individual or business entity that is obligated to pay taxes to a federal, nation, or nearby government. Taxes from each individual and organization are a primary supply of revenue for governments. people and agencies have different annual profits and tax obligations.

A taxpayer is someone or corporation challenged to pay a tax. modern-day taxpayers can also have an identification variety, a reference range issued by using a central authority to citizens or corporations. The time period "taxpayer" normally characterizes one who can pay taxes.

Report returns and pays taxes on time. provide correct statistics on tax returns. Substantiate claims for a refund. Pay all taxes on time after closing an enterprise, and request cancellation of the tax account.

Learn more about the Taxpayers here: brainly.com/question/26316390

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JDS Foods’ projected benefit obligation, accumulated benefit obligation, and plan assets were $65 million, $55 million, and $37

Kitty [74]

Answer:

a) $28 Million

b) -$24 Million

Explanation:

The first part of the question is to determine the pension liability tht should be reported in the balance sheet

To do this, we use the following formula

Projected Benefit Obligation - The Plan Assets

= $65 million - $37 Million = $28 Million

Part B) This part says to dettermine the amount JDS would report if the planned asset increase to $89 million

The formula Projected Benefit Obligation - The Plan Assets still should be used but there is a difference as follows

$65 million - $89 Million = -$24 Million

6 0

3 years ago

On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of

faltersainse [42]

Answer:

2021

revenue 2,666,667

we have cost for 2,000,000

income for 666,667

2022

revenue 3.278.400‬

cost 2,500,000

income 778.400‬

2023

revenue 2,054,933‬

cost 3,800,000

loss 1,745,067‬

Explanation:

2,000,000/ (2,000,000 + 4,000,000) = 1/3

in 2021 a third of the contract was complete therefore we recognize a third of revenue:

8,000,000 x 1/3 = 2,666,667

we have cost for 2,000,000

income for 666,667

2,500,000 / (2,500,000 + 3,600,000) = 0,4098

we recognize revenues for 40.98 of the total contract value.

8,000,000 x 40.98 = 3.278.400‬

cost 2,500,000

income 778.400‬

2023

we recognize the remaining revenue.

8,000,000 - 2,666,667 - 3,278,400 = 2.054.933‬ revenue

cost 3,800,000

loss 1,745,067‬

7 0

2 years ago

Decision-Making Scenarios Scenario 1 Football season starts this weekend and Steve is excited about his school’s first game. He

pickupchik [31]

Explanation:

Being a son, Steve should obey his parents and stay at home to babysit his six year old brother, because it is always the duty of children to give respect to their parents' decisions. Though he was super excited about the football match in which his school team was going to play against the long term rivals, but because his parents' friends had a call for meeting them after so long, they asked him to stay at home as he could have many more chances of seeing such matches.

But being a parent, I should respect my son's program of watching the football match, and take the baby with me, so that the program of both son and parents would not be disturbed.

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3 years ago

Hey how is everyone's morning going so far

Firdavs [7]

Answer:

good hope you're doing great!

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2 years ago

For every decision you make, there is a trade off?

Ede4ka [16]

I’m confused about the question

5 0

2 years ago

Read 2 more answers

Taxpayers have been able to deduct ______ of their salt taxes from their ______ tax liability.

Taxpayers have been able to deduct of their salt taxes from their tax liability.