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vodka [1.7K]
3 years ago
11

List three reasons that people should pay their taxes.

Business
2 answers:
adelina 88 [10]3 years ago
6 0

Improved Healthcare and Education

A significant chunk of the collected taxes is spent on improving healthcare in the country. There are government hospitals that offer medical services without any cost or at minimum cost. Over the years, the quality of service provided by government hospitals has improved by leaps and bounds, and it has only happened because of taxpayers paying tax.

Helps Build the Nation

The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.

Avoid Tax Back

When being confronted with back taxes we owe the government, we often think of ways to cut back on it. Well, most tax laws understand the hardships of every taxpayer. Though, tax services are available for those who are delinquent in paying their taxes, which is a helpful opportunity to people who don’t have available money or funds.

nalin [4]3 years ago
4 0

Answer:

3 reasons why ppl should pay their darn taxes is because:

Explanation:

Social Welfare Pack. Social welfare and social security are one of the greatest benefits the less privilege, homeless and those in need enjoy without having to pay back. ...

Sustain Government. A tax irrespective of its name is another life source of government sustenance. ...

Avoid Tax Back.

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This question provides the defition for a producer cooperative

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Rent control is an example of a _____________________. it sets the price of rent __________________ the equilibrium price and re
Shtirlitz [24]

Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.


Answer is "D".


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8 0
3 years ago
Carl transfers land with a fair market value of $120,000 and basis of $30,000, to a new corporation in exchange for 85 percent o
Lera25 [3.4K]

Answer: $15,000

Explanation:

From the question, Carl transfers land with a fair market value of $120,000 and basis of $30,000, to a new corporation in exchange for 85 percent of the corporation's stock and that the land is subject to a $45,000 liability, which the corporation assumes.

The amount of gain that Carl must recognize as a result of this transaction will be the difference between the liability the land is subjected to which is $45,000 and the basis of the land which is $30,000.

= $45,000 - $30,000

= $15,000

6 0
3 years ago
At the present time, Water and Power Company (WPC) has 5-year noncallable bonds with a face value of $1,000 that are outstanding
kicyunya [14]

Answer:

6.53%      

Explanation:

For computing the after cost of debt we need to use the RATE formula i.e to be shown in attached spreadsheet. Kindly find it below:

Given that,  

Present value = $1,050.76

Future value or Face value = $1,000  

PMT = 1,000 × 10% = $100

NPER = 5 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying this above formula

1. The pretax cost of debt is 8.70

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 8.70% × ( 1 - 0.25)

= 6.53%      

6 0
2 years ago
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivabl
MrRa [10]

Answer:

Year 1 = 35.23 days

Year 2 = 44.64 days

Explanation:

Days' Sales Uncollected = Accounts receivable / Net Sales * Days

Year 1 = $64,000 / $663,000 * 365 days = 35.23 days

Year 2= $91,000 / $744,000 * 365 days = 44.64 days

4 0
3 years ago
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