The commission is cut from the buyers cost of the property
Municipal tax is also known as the property tax or house tax. The state collects taxes from a variety of sources, including inheritance taxes, natural resource forfeiture taxes, and gambling taxes, but the majority of its revenue comes from two sources: income taxes and sales taxes.
A good tax system must meet its five basic requirements: fairness, adequacy, simplicity, transparency, and manageability. Opinions differ on what constitutes a good tax system, but the general consensus is that these five elements should be maximized.
There are two types of taxes direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as damage income tax, corporate tax, and property tax, while others are paid indirectly, such as consumption tax, service tax, and value-added tax.
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Answer:
The translation adjustment is a function of the foreign subsidiary's net assets.
comparative study identifies the area where a producer’s absolute advantage is relatively greatest, or where the producer’s absolute disadvantage in productivity is relatively least. Group of answer choices relative advantage opportunity cost productivity advantage comparative advantage
<h3>What is
comparative study ?</h3>
Comparative research is a social science research methodology that aims to make comparisons across different countries or cultures. A significant issue in comparative research is that data sets from different countries may define or use different categories.
Comparative research seeks to identify similarities and differences among social entities. Comparative research attempts to contrast and compare nations, cultures, societies, and institutions.
Comparative research can help inform projects early on by providing fodder and direction for initial design concepts, as well as during design iterations when refining content, interaction, and overall architectural patterns.
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Answer:
The operating income for the year is $97,000
Explanation:
For computing the operating income, first, we have to calculate the cost of goods sold. The formula to compute the cost of good sold is shown below:
= Beginning merchandise inventory + Purchases during the year - Ending merchandise inventory
= $33,200 + $92,000 - $35,000
= $90,200
Now, the operating income would be
= Sales - the cost of good sold - selling and administrative expenses
= $262,900 - $90,200 - $75,700
= $97,000
