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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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Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

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3 years ago

Mojo’s Coffee Cart currently has a contribution margin ratio of 55%. The business operates in a resort area and expects a declin

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Answer:

Compute the decrease in net income that the company should anticipate in the off season

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Explanation:

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3 years ago

The principle of diversification tells us that: Select one: a. concentrating an investment in two or three large stocks will eli

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Answer:

The answer is "Option E".

Explanation:

Please find the complete question in the attached file.

Varied portfolios and mixes of diversified assets get a different relationship, eliminating uncontrolled danger and only risk premium. Its total risk is a combination of non - systematic and systematic risks. Therefore, the diversification principle reduces some portion of the risk profile, and that is why distributing an investment across a range of varied assets reduces some of the risk profile.

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3 years ago

The tendency to believe that our own cultural background is the baseline against which all other groups' behaviors should I

zloy xaker [14]

Answer:

Ethnocentrism

Explanation:

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3 years ago

On January 1, 2018, McGee Co. had the following balances: Projected benefit obligation $7,310,000 Fair value of plan assets 7,31

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Answer:

A.$7,831,000

B.$7,754,000

C.$527,900

Explanation:

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Service cost 306,000

Interest cost (9% × $7,310,000) 656,900

Benefits paid (441,000)

Projected benefit obligation, December 31

$7,831,000

(b)Fair value of plan assets, January 1 $7,310,000

Actual return 435,000

Contributions 450,000

Benefits paid(441,000)

Fair value of plan assets, December 31 $7,754,000

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Interest cost (9% × $7,310,000)656,900

Actual (and expected) return on plan assets(435,000)

Pension expense$527,900

(d) Dr Pension expenses $527,900

Cr Pension asset/liability and Cash $527,000

4 0

3 years ago

The reason of taxation? ​

The reason of taxation?