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krek1111 [17]
3 years ago
13

Agencies responsible for collecting taxes, both domestic and external, include the irs for income taxes, the u.s. customs servic

e for tariffs and other taxes on imported goods, and the bureau of alcohol, tobacco, firearms, and explosives for the collection of taxes on the sale of those particular products. together, they are called
Business
1 answer:
Reptile [31]3 years ago
3 0
They are called the revenue agency
Revenue agency had full jurisdiction in all territories within the nation.
The agency is a federal owned organization that founded in 2003, and has been expanded ever sicne from around 3,000 employees to the 40,000 employees that we see today.
You might be interested in
Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month (including principal and
Katena32 [7]

Answer:

First payment=$149,950.50

Second payment=$149,901

Explanation:

Annual amount of interest paid=$150,000×7.5%

=$150,000×0.075

=$11,250 per annum

monthly interest= annual interest /12

=$11,250/12

=$937.50

As given,

Principal & interest payment=$987

Monthly principal payment= principal & interest payment - monthly interest

=$987-$937.50

=$49.50

First month payment= original loan - monthly principal payment

=$150,000-$49.50

=$149,950.50

Second month payment= first month payment- monthly principal payment

=$149,950.50-$49.50

=$149,901

8 0
3 years ago
Select the best answer: A Notary Signing Agent has been providing signing services with no incidents for over 10 years without h
joja [24]

Answer:

Must still arrange to obtain and pass a background screening

Explanation:

A notary agent is also called a signing agent and they obtain the official signature of an appearer on a document. They ensure that legal documents are authentic, they check identity of the person signing, and serve as witness.

Notary agents are required to obtain a background check every 12 months.

Background checks verify identity, address, criminal record search, vehicle records, and known terrorist list check.

So the notary agent that has been providing signing services for 10 years still needs to obtain a background check.

6 0
3 years ago
A target income refers to: ?a. income at the break-even point.?b. income from the most recent period.?c. income planned for a fu
Shkiper50 [21]
The target income refers to the income planned for the future. The answer is letter C. This type of income is expected by the management at a given specified accounting period. This now would direct the key functions of the management in relation to the action that it will do to achieve the certain income. 
5 0
3 years ago
Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments, 13.5 years to maturity, and
Snezhnost [94]

Answer:

Annual Coupon rate =  66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

Option B is the correct answer

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = C

Total periods (n) = 13.5 * 2 = 27

r or YTM = 0.064 * 6/12 = 0.032 or 3.2%

The formula to calculate the price of the bonds today is attached.

We will first calculate the value of semi coupon payment  made by the bond.

1023 = C * [( 1 - (1+0.032)^-27) / 0.032]  + 1000 / (1+0.032)^27

1023 = C * 17.8994796  +  427.2166529

1023 -  427.2166529  =  C * 17.8994796

595.7833471 / 17.8994796  =  C

C = 33.28495355 rounded off to 33.28

The annual coupon payment will be = 33.28495355 * 2 = 66.56990711 rounded off to 66.57

Annual Coupon rate =  66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

4 0
3 years ago
DS Unlimited has the following transactions during August.
m_a_m_a [10]

Answer:

See the journal entries below.

Explanation:

The journal entry will look as follows:

<u>Date      Account and explanation                 Debit ($)         Credit ($)   </u>

Aug 6     Inventory (50 * $100)                           5,000  

               Account payable                                                           5,000

<u><em>               (To record inventory purchased on account.)                            </em></u>

Aug 7      Inventory                                                 300

               Cash                                                                                  300

<em><u>                (To record payment of freight charges associated with the August 6 purchase.)</u></em>

Aug 10    Account payable (5 * $100)                   500

               Inventory                                                                           500

<u><em>                (To record the returns of defective five game devices to GameGirl.)</em></u>

Aug 14     Account payable (w.1)                        4,500

               Cash (balancing figure)                                                 4,455

                Inventory (w.2)                                                                   45

<u><em>                 (To record the payment of the full amount due to GameGirl.)   </em></u>

Aug 23    Account receivable (30 * $120)         3,600  

               Sales revenue                                                              3,600

                Cost of goods sold                             3,170

                Inventory                                                                       3170

<u><em>                 (To record the Sales and cost of 30 game devices purchased on August 6.) </em></u>

<u>Workings:</u>

w.1. Account payable = Purchases on account on August 6 - Defective inventory returned on August 10 = $5,000 - $500 = $4,500

w.2. Inventory = Discount received on account payable for paying within 10 days = w.1 * 1% = $4,500 * 1% =$45

7 0
3 years ago
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