1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren2701 [21]
1 year ago
11

What type of tax is import and export?

Business
1 answer:
lubasha [3.4K]1 year ago
5 0

The levy imposed on the import and export of products is referred to as custom taxes.

This is a tactic for limiting international trade as well as a defense or support for domestic customs duties. A tariff is a fee a government charges on goods and services imported from another nation in an effort to sway it. If the service is imported, the person or company who utilizes it is responsible for paying service tax. The importer of these services is therefore eligible to claim the tax credit. Contrary to imports, there is no tax on the exports of goods and services, which makes exports the tax-free alternative to imports.

There are two types of tariffs: fixed (a fixed amount per unit of imported products or a certain percentage of the price) and variable (the amount varies according to the price). People are less likely to purchase imported goods as a result of taxes because they become more expensive.

To learn more about custom taxes please click on the given link: brainly.com/question/18332556

#SPJ4

You might be interested in
Comet Company accumulated the following account information for the year:
Nuetrik [128]

Answer:

$9,200

Explanation:

The computation of the total factory overhead cost is shown below:

= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment

where,

Indirect materials cost is $1,800

Indirect labor cost is $4,800

And, the Maintenance of factory equipment  is $2,600

So, the total factory overhead cost is

= $1,800 + $4,800 + $2,600

= $9,200

As we know that the factory overhead records all the indirect cost related to the factory and the same is to be considered

7 0
3 years ago
You are a member of the marketing team at the dannon company, inc. the company makes a variety of yogurt products including one
elena55 [62]
The correct option is this: WHEN YOU CREATE A RE CLOSABLE PLASTIC PACKAGE THAT BUYERS CAN USE FOR FOOD STORAGE AT HOME OR AT WORK, IT IS CALLED PACKAGING.
Packaging refers to the technology of enclosing and protecting products for distribution, storage, sale and use. It also refers to the process of designing, evaluating and producing packaging for a particular product.
6 0
3 years ago
The board of directors of Yancey Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock outstandin
Ivahew [28]

Answer:

<em>Increase to Cash dividends</em>

Explanation:

The entry on declaration of dividend is Retained earnings debit and credit is given to dividend payable. The cash dividend will increase to shareholders as a result of this action. The dividend payable will increase. Cash is not affected when dividends is declared. Cash is affected only when dividend is paid on August 15, 2017. Cash dividend will not decrease since dividend is paid it will increase. There are total 2 entries passed one on July 15th for dividend declaration and on August 15th for dividend payment. The record date of July 31 is only for determining which shareholders are eligible for dividend and no entry is needed.

5 0
3 years ago
Margie is 15 and claimed as a dependent by her parents. she has $800 in dividends income and $1,400 in wages from a part-time jo
Vinil7 [7]
Under United States tax law, the standard deduction is a dollar quantity that non-itemizers may deduct from their income before income tax is applied. Taxpayers may select either itemized deductions or the standard deduction, either outcomes in the lesser amount of tax payable. The standard deduction is accessible to US citizens and aliens who are occupant for tax purposes and who are individuals, married persons, and heads of household. When filing her own tax return, Margie is limited to the greater of $1,050 or $1,750, it is solved by the sum of the earned income for the year plus $350.So the answer is $1,400 + $350 = $1,750
6 0
3 years ago
Kurt, who is a divisional manager, continually brags that his division’s required return for its projects is 1 percent lower tha
Viefleur [7K]

Answer:

D. Kurt’s division is less risky than the other divisions.

Explanation:

Based on the information provided within the question it can be said that the most likely reason is that Kurt’s division is less risky than the other divisions. Just as the saying goes "the greater the risk, the greater the reward", the same goes for the opposite, the lower the risk that a division has to undertake the lower the percent for the required return.

3 0
3 years ago
Other questions:
  • On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $80,000. The estimated re
    12·1 answer
  • Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by i
    10·1 answer
  • The​ ________ is the rate of return that a firm must earn on its investments in order to maintain the market value of its stock.
    5·1 answer
  • Suppose that each day, northern, central and southern California each use 100 billion gallons of water. Also assume that norther
    5·1 answer
  • 1. Machine A and Machine B can produce 1 widget in 3 hours working together at their respective constant rates. If Machine A's s
    11·1 answer
  • Can we consider economics as a soicial science as well?why?​
    10·1 answer
  • 10. Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second depa
    10·1 answer
  • 5)True or False: Offering sales discounts on credit sales can benefit a seller by decreasing the delay in
    15·1 answer
  • the natural rate of unemployment a. is a temporary low rate that cannot be maintained. b. is fixed; it cannot be altered by publ
    12·1 answer
  • question 3 fill in the blank: using a(n) keeps a record of any inconsistencies from the initial requirements of a project.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!