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3 years ago

The following events result in a tax. Which is an example of a direct tax?

Business

1 answer:

Komok [63]3 years ago

5 0

Answer:

Javier owes money to the federal government based on his earnings.

Explanation:

Direct taxes are levied directly on the income of an individual or a business. Javier pays income tax on his earnings which is classified as a direct tax. Other examples of direct taxes include corporate tax and property tax.

All other options are examples of indirect tax as they are being levied on goods and services. Such taxes are usually included in the price. For e.g. General sales tax and value added tax.

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Historical Art is a new business. During its first year of operations, credit sales were $50,000 and collections from credit sal

Harrizon [31]

Answer:

C. 1,500

Explanation:

Credit Sales x 3%

$50,000 x 0.03 = $1,500

8 0

3 years ago

Describe the importance of employee benefits as a strategic component of fulfilling the goals of hrm?

Tanya [424]

Employee benefits have become more significant and diverse

Employee benefits

Typically, membership-based incentives are provided to recruit and retain staff.
Although they have no direct impact on a worker's performance, insufficient benefits make workers unhappy.

The Price of Offering Employee Benefits

The cost of benefits and services is around 40% of an organization's payroll expense.
When significant wage and salary increases are not possible, benefits become the main topic of discussion with employees.

Community Security

Funded by equal contributions from the employer and the employee, based on a percentage of wages.
Offers retirement income, income for disabled workers, and money for surviving dependents.
offers Medicare some health insurance coverage.

Unemployment Insurance

Employers who pay both federal and state taxes on the taxable wage base provide the funding.
Tax rates vary depending on an organization's history with unemployment.

learn more about Employee Benefits here

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7 0

1 year ago

Corporation produces a semiconductor chip used on communications. The direct materials are added at the start of the production

iren2701 [21]

Answer:

Equivalents Units Of Production Materials= 475,000

Conversion Costs 450,000

Cost of Completed Units =$ 5138250

Cost of Units in the Ending Inventory $ 604,500

Explanation:

Direct materials costs of $ 935,750

Conversion costs of $ 4,554,000

Total Manufacturing Costs $ 5489,750

Units % of Completion EUP

D.M C.C D.M C.C

Units completed 425,000 100 100 425,000 425,000

Ending Inventory 50,000 100 50 50,000 25000

Total Units Of Production 475,000 450,000

Direct Materials= $ 935,750/ 475000= $ 1.97

Conversion Costs = $ 4,554,000/ 450,000= $ 10.12

Cost of Completed Units =$ 5138250

Direct Materials = 425,000 * 1.97= $ 837250

Conversion Costs = 425,000 *10.12= $ 4301,000

Total Cost of Manufacturing Units= $ 5138250

Cost of Units in the Ending Inventory $ 604,500

Direct Materials = 50,000 * 1.97= $ 98,500

Conversion Costs = 50,000 * 10.12= 506000

Total Costs $ 604,500

7 0

3 years ago

Based on these findings, what can we predict about total production long dash whether or not that production is included in the

Naily [24]

Answer:

If the workers had been paying other people to perform the household activities prior to unemployment, then total production will fall.

Explanation:

7 0

3 years ago

You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in divid

Vlad1618 [11]

Answer:

The maximum that should be paid for the stock today is $30.23.

Explanation:

The total return on a stock is made up of dividend received on the stock plus the capital gain received from selling the stock. The holding period is one year that means a 10% return on the amount invested in required for one year. We need to calculate the present value of the total of selling price plus the dividend to calculate the price of the stock today. As 10% return is required, the discount rate is also 10%.

PV = (1.25 + 32) / 1.1

PV = 30.227 rounded off to 30.23

5 0

3 years ago