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slava [35]
1 year ago
10

Choose the correct alternative regarding tax revenue:

Business
1 answer:
insens350 [35]1 year ago
5 0

The correct alternative regarding tax revenue:

<u>B-Personal income tax is currently the largest source of government revenue in South Africa.</u>

<u>Direct </u><u>Taxes</u>

  • it is levied on earnings and activities conducted.
  • the burden of tax cannot be shifted in case of direct tax.
  • it is paid directly by individual concerned.
  • it is paid after the income reaches in the hands of the taxpayer
  • Tax collection is difficult.
  • instance income tax, wealth tax etc.

<u>Indirect </u><u>Taxes</u>

  • it is levied on product or services.
  • the burden of tax shifted for indirect taxes
  • It is paid by way of one man or woman however he recovers the same from another person i.e. person who actually bear the tax ultimate consumer.
  • it is paid before goods/service reaches the taxpayer.
  • Tax collection is exceptionally easier
  • Example GST, excise duty custom duty sale tax carrier tax

Learn more about Tax brainly.com/question/16423331

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At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzel
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Answer:. ............$

1. Bad debt Dr. 11.0000

Account receivable Or. 11.000

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3 years ago
Name the different levels of courts and describe their powers?
harkovskaia [24]

A trial court hears witnesses testify and examines other information presented to prove the alleged facts and render a legal decision. An appellate court is concerned with the application of law in the decision of a lower court and may affirm, reverse, amend, or remand the decision of a lower court.

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3 years ago
Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below
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Answer:

d.$1,685

Explanation:

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2 years ago
At December 31, Idaho Company had the following ending account balances:
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Answer:

Balance of Stockholder's Equity at December 31 is $1,910,000.

Explanation:

This will appear as follows

Idaho Company

<u>Details                                                                         $      </u>

Stockholder's Equity:

Common Stock                                                       525,000

Preferred Stock                                                      500,000

Additional Paid-In Cap. - Common Stock             625,000

Additional Paid-In Cap. - Preferred Stock              50,000

Treasury Stock                                                        (40,000 )

Retained Earnings                                                <u>  250,000  </u>

Balance at December 31                                    <u>   1,910,000  </u>

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The answer is 4% on his return
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