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2 years ago

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

Business

2 answers:

photoshop1234 [79]2 years 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]2 years ago

4 0

Taxpayers have been able to deduct <u>100%</u> of their salt taxes from their <u>federal </u>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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LinkedIn opens a new office in Los Angeles. At the same time, a new minimum wage is implemented in Los Angeles that increases wa

ki77a [65]

Answer:

When the minimum wage rate is increased by the government by intervention, this means that the coffee company now has to pay more salaries to the employees/workers of the coffee shop. Since cost cutting is one of the main areas of focus of every other company, the coffee shop would try to lay off its workers and that would ultimately result in unemployment. For example, if the coffee shop was paying $50 in total to 10 workers($5 per worker), now as per the new regulation it would still pay $50 in total but to only 7 workers($7 per worker), this means that the coffees shop has unemployed 3 workers due to this. Hence the demand would still be the same for the coffee shop as caffeine is a necessity for the software engineers who work long. Other than that, the supply would also be not really affected but the equilibrium point can be affected as the coffee shop can raise the price of coffee due to the minimum wage payment to its workers.

Hope you understand the point here. Good Luck.

5 0

3 years ago

convenient product is the product that is relatively inexpensive item that merits little shopping effort. Is it true or false?

gayaneshka [121]

Answer: True

Explanation:

A convenient product is the product that is relatively inexpensive item that merits little shopping effort.

A convenient product refers to an inexpensive product which requires a little amount of effort from the consumer to purchase it. Some examples of convenience products include soft drink, bread, coffee.

Therefore, the statement given is true.

8 0

3 years ago

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT

Mashcka [7]

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT : <u>Jointly owned by less than 100 persons.</u>

<h3>What Is a Real Estate Investment Trust (REIT)?</h3>

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate.

Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments—without having to buy, manage, or finance any properties themselves.

To qualify as a REIT, a company must comply with certain provisions in the Internal Revenue Code (IRC). These requirements include to primarily own income-generating real estate for the long term and distribute income to shareholders.

Specifically, a company must meet the following requirements to qualify as a REIT:

Invest at least 75% of total assets in real estate, cash, or U.S. Treasuries
Derive at least 75% of gross income from rents, interest on mortgages that finance real property, or real estate sales
Pay a minimum of 90% of taxable income in the form of shareholder dividends each year
Be an entity that's taxable as a corporation
Be managed by a board of directors or trustees
Have at least 100 shareholders after its first year of existence
Have no more than 50% of its shares held by five or fewer individuals

Therefore, we can conclude that the correct option is D.

Your question is incomplete, but most probably your full question was:

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT

a.structured as a corporation, trust, or association.

b.have transferable shares or certificates of interest.

c.managed by a board of directors or trustees.

d.jointly owned by less than 100 persons.

Learn more about REIT on:

brainly.com/question/20366600

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3 0

2 years ago

Assuming a service level of 99% for all parts, what will be the impact on the total inventory investment if the number of wareho

nlexa [21]

Answer:

thanks for poitns 10 points

5 0

3 years ago

Every month, the bureau of labor statistics surveys 160,000 business establishments to help determine the

dimaraw [331]

c. Number of jobs the economy has gained or lost.

4 0

3 years ago

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.