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3 years ago

The reason of taxation?

Business

2 answers:

elena-14-01-66 [18.8K]3 years ago

6 0

Answer:

The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.

Karo-lina-s [1.5K]3 years ago

4 0

The reason for taxes is to help pay for free services that are funded by the government. The taxes we pay goes to public services such as: schools, government employees, police stations, fire stations, roads, etc.. Without taxes we wouldn't have the services that help us with everyday life or emergencies.

Hope this helps

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Jessica’s credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The follo

Tom [10]

The adjusted balance of Jessica for the month of October is $ 1033.76. In this method, monthly payment is deducted from the unlock balance, and purchase is not included in the balance.

<h3>What is the adjusted balance method?</h3>

With the adjusted balance method, the credit card company starts with the balance from the end of the last payment cycle and withdraws any payments made, and adds any credits sent to the account during the current cycle.

In the given information, to calculate the adjusted balance we will deduct the payments made from the beginning balance and ignore the purchases made for the month:

$= \$\,1,240.55 - \$\,75.00 - \$\,131.79\\\\= \$\,1033.76$

Hence, The correct answer is Option B.

To learn more about adjusted balance method, refer to the link:

brainly.com/question/11355738

7 0

2 years ago

stiv31 [10]

Answer:

a) Determination of the amount of the amortization, depletion, or impairment for the current year for each item:

Item Impairment Amortization Depletion

Expense Expense Expense

a. Timber rights $304,000

b. Goodwill $ 1,110,000

c. Patent $456,000

b) Adjusting Journal Entries:

Date Account Titles Debit Credit

Dec. 31 Depletion Expense -Timber rights $304,000

Accumulated Depreciation - Timber rights $304,000

To record the depletion expense for Timber rights.

Dec. 31 Goodwill Impairment Loss $1,110,000

Accumulated Goodwill Impairment $1,110,000

To record the impairment loss for Goodwill

Dec. 31 Amortization Expense - Patent $456,000

Accumulated Amortization - Patent $456,000

To record the amortization expense for Patent.

Explanation:

a) Data and Calculations:

February 22, Purchase of Timber rights $1,140,000

Estimated stand of timber = 6,000,000

Used board feet of timber = 1,600,000

Units of product Depletion

= $1,140,000/6,000,000 * 1,600,000

= $304,000

December 31, Goodwill impairment

= $1,110,000

April 3 Patent:

Cost incurred $9,120,000

Amortization per annum = $608,000 ($9,120,000/15)

Amortization for the current year = $456,000 ($608,000 * 3/4)

8 0

3 years ago

Research shows that most managers have characteristics that fall into two or three decision-making styles, and that decision-mak

Alex787 [66]

Answer:

False

Explanation:

There are 3 main decision making styles that most of us have regarding our normal day to day activities that includes our work and our personal lives, e.g. families and individual decisions. They are consumer, business, and personal decision making styles.

But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:

directive: type of autocratic leadership where the leader decides everything by himself/herself
conceptual: look for different alternatives and analyze each one of them
consultative: seek advice from colleagues and subordinates, but the leader makes the decision
consensus: seek advice from others and decisions are made by the group

The second part of the question is true; this leadership styles vary across countries, occupations and job levels.

3 0

3 years ago

Malcolm, an accounts clerk, is all set to make a presentation on how his team can improve their productivity by changing certain

Serga [27]

Answer and Explanation: From the following given case or scenario, we can state that the manager is most likely to said the given because he/she thought that <em>being too critical might put Malcolm on the defensive end and thus hamper his social skills and creativity</em>. Here, in this case the manager asks the other employees not to have a critical review of Malcolm's suggestion and to avoid having an argument on his suggestion.

8 0

3 years ago

At the beginning of the twentieth century, for the most part, the only investments available to individual investors were corpor

MrMuchimi

Answer:

A. True

Explanation:

In the starting of the twentieth century, the only stock in which an individual invest is the stocks and the bonds but today there is a lot of different type of investment choices who provides the better return. Accprding to the demand of the investor there are various options available for invest

Hence, the given statement is true

5 0

3 years ago

The reason of taxation? ​

The reason of taxation?