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coldgirl [10]
4 years ago
7

If the general objective of our tax system is to raise revenue, why does the income tax allow deductions for charitable contribu

tions and retirement plan contributions?
Business
1 answer:
blondinia [14]4 years ago
7 0
<span>This allows for individuals to be encouraged to undertake certain tasks that will better themselves and society as a whole. These deductions make it more likely that a person will give to charities as well as contribute income toward their needs at the end of their careers.</span>
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Select the correct answer to each of the following statements.
lesya692 [45]

Answer:

1.A. Increase

2.C. Remain Constant

3.B. Decrease

Explanation:

Please see attachment .

5 0
4 years ago
A mechanic sued his former employer in federal court, claiming that the employer had discharged him because of his age in violat
Olenka [21]

Answer:

The essential facts are unavailable to the mechanic and therefore discovery is required. (Civil Procedure-Motions)

Explanation:

In United States law, the motion to be considered as the procedural device so that it brings the limited and contested issue prior a decision could be taken by the court. It is the request that made to the judge for making out the decision for the case also the party that oppose to the motion should be the non-moving party

So as per the given situation, the important facts are not available to the mechanic and so the discovery is needed

7 0
3 years ago
Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th
anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

      To cash                                 $600,000

[To record the depot]

(ii) On January 1, 2017

Plant Assets A/c Dr. $41,879

       To To Asset retirement obligation $41,879

[To record the Asset retirement obligation]

Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.

4 0
4 years ago
What is the danger of having a lot of debt?<br> (brainlyest)
ArbitrLikvidat [17]

Answer:

probably not paying it off in time or something

Explanation:

4 0
3 years ago
Read 2 more answers
efer to HR Solutions, Inc. HRSI hopes that all companies can downsize simply by attrition, a word that, in this context, refers
bazaltina [42]

A correct option is option (d) i.e., people leaving the company.

What does downsize mean in business?

By eliminating underperforming employees or departments, a firm can permanently reduce its workforce. Downsizing can be utilized to develop leaner and more efficient organizations, albeit it is typically carried out when there is stress or a reduction in revenue.

Why does a company downsize?

By letting go of workers who are either no longer required by the company or have not been productive, downsizing enables businesses to cut costs. The business is spared from paying workers who have been causing unnecessary expenses and haven't made a beneficial contribution.

What is HR's role in downsizing?

HR must determine the issues that staff reductions are intended to address, create solid selection criteria, and take into account the long-term effects of the layoffs on the business as a whole.

Learn more about downsizing in company: brainly.com/question/1061478

#SPJ4

8 0
2 years ago
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