Answer:
Correct option is (a)
Explanation:
Excise tax is an indirect tax which is not imposed on customers directly. Excise tax is imposed on producers or sellers for goods produced and they in turn transfer the burden of tax on customers in the form of higher prices. That is why, it is called indirect tax.
It is usually imposed on those goods such as liquor and tobacco whose consumption the Government needs to decrease. If excise tax is imposed on restaurant meals, then the restaurant will be able to produce and sell less at the same price it was charging earlier. If the restaurant wishes to sell more, then it will have to charge higher price.
Answer:
$26,000
Explanation:
The calculation of Net increase or decrease in income on replacement is shown below:-
Net savings in Variable cost for 4 years = Variable manufacturing costs × Life
= $19,800 × 4
= $79,200
Net Investment to be made in New machine = Initial investment of new machine - Traded in value of old machine
= $128,000 - $22,800
= $105,200
Net financial disadvantage of replacement = Net savings in Variable cost for 4 years - Net Investment to be made in New machine
= $79,200 - $105,200
= $26,000
So, for computing the net financial disadvantage of replacement we simply applied the above formula.
Answer:
The answer is A: an estate and gift tax; to the next generation
Explanation:
A deceased person often via a will or according to laws of intestacy transfers the benefit and ownership of an estate to relatives or others without any consideration. the tax paid on such a transferred asset is called estate tax. This type of tax is often imposed on the property. But practice differs as some tax jurisdictions do impose estate tax on the beneficiary of the deceased property in which case it is called inheritance tax.
Such a tax is not to be imposed if the property is bequeathed to a spouse or a charity recognized under the Federal laws.
When an individual transfers properties during his life time to another without receiving full consideration in any form in return, the tax imposed on such transfer of ownership of asset is known as gift tax. The tax is usually imposed on the giver or transferor of the assets unless a retention of an interest exist which will likely delay the completion of the gift
The major difference between an estate tax and gift tax is that estate tax is tax on transfer of property without consideration to others after demise or death. Gift tax is a tax on transfer of ownership of property without consideration during the giver's lifetime (often called an inter vivos gift)
The choices can be found elsewhere and as follows:
<span>A.) Big down payment,a longer term loan, and a low interest rate
B.) <span>Big down payment, a shorter term loan, and high interest rate
C.) </span><span>Small down payment, a shorter term loan, and high interest rate
D.) </span><span>Small down payment, a shorter term loan, and small interest rate
I think the correct answer is option A. It would be </span></span>Big down payment,a longer term loan, and a low interest rate that would result <span> in the lowest monthly mortgage payment. Hope this answers the question.</span>
