All categories

3 years ago

Match each type of tax with an example of its use.

Business

1 answer:

Verizon [17]3 years ago

4 0

Answer:

Property tax: 1 percent charged on the value of all residential houses

Excise tax: $2 tax charged on each pack of cigarettes

Sales Tax: 7 percent charged on the purchase of all non- necessary goods

Explanation:

Property tax is the tax that is charged on the property that is being purchased based on the tax rates in that jurisdiction where the property is located in. The property can be building or land. The value changes based on the developments that take place in the surroundings.

Excise tax are charged on specific goods like fuel, alcohol and cigarettes . These are international taxes charged within the country. They are generally charged on businesses. They are not paid directly by the consumers.

Sales tax is collected on the sales of goods or services. These sales tax are charged by the retailers to the customers which are then paid by retailers to the government.

You might be interested in

Bob Wesley believes that structural unemployment should be eliminated in order for an economy to be healthy. In making this arg

Sav [38]

Answer:

B. structural unemployment will exist in an economy that is innovative

Explanation:

Based on the information provided within the question it can be said that the relevant issue he is ignoring is that structural unemployment will exist in an economy that is innovative. This is because innovative economies tend to constantly be going through industrial change to implement the new innovations, this causes a need for only individuals that are specifically skilled and leaving unemployed the people who are not.

8 0

3 years ago

ABC Machine

Mumz [18]

Answer:232165

Explanation:

cux

6 0

3 years ago

Simmons Consulting Co. has the following accounts in ts ledger Cash: Accounts Receivable Supplies: Office Equipment Accounts Pay

Alchen [17]

Answer:

Simmons Consulting Co

General Journal

Oct 1

Rent Expense $4,800 (debit)

Cash $4,800 (credit)

Paid Rent Expense

Oct 3

Advertising expense $2,500 (debit)

Cash $2,500 (credit)

Paid Advertising Expense

Oct 5

Supplies $1,390 (debit)

Cash $1,390 (credit)

Paid for Supplies

Oct 6

Office equipment $10,670 (debit)

Office Equipment Accounts Payable $10,670 (credit)

Bought Office equipment on credit

Oct 10

Accounts Receivable $19,730 (debit)

Cash $19,730 (credit)

Received payment from accounts

Oct 15

Cash $59,480 (debit)

Accounts Payable $59,480 (credit)

Made payment to Accounts Payable

Oct 27

Miscellaneous Expenses $530 (debit)

Cash $530 (credit)

Paid for Miscellaneous Expenses

Oct 30

Utilities expense $220 (debit)

Cash $220 (credit)

Paid for telephone bill

Oct 31

Cash $538,620 (debit)

Fees Earned $538,620 (credit)

Cash received for Fees Earned

Oct 31

Utilities expense $1,540 (debit)

Cash $1,540 (credit)

Paid for electricity bill

Oct 31

Drawings $56,700 (debit)

Cash $56,700(credit)

Cash drawings by owner

Explanation:

I have prepared the journals and their narrations, see the above.

8 0

3 years ago

As a salesperson asks questions about a prospect's transportation system, the prospect says, "What I really want is reliable tra

Helga [31]

Answer: Adaptive selling

Explanation: Adaptive selling could be referred to a flexible selling approach whereby the salesperson's response or actions are guided or determined by the type of consumer, the context or sales scenario and most especially the feedback received from the consumer. This means the kind of question and sales approach employed may be different depending on the consumer in question. In the context above, the sales person stopped asking question immediately the consumer hinted at requiring thee cheapest service, and showed him an evidence of what his company actually offers. The approach may be different for other consumers.

5 0

3 years ago

Why is this thing such a butt crack

Jet001 [13]

Yes I don’t know I’m tired

3 0

3 years ago

Read 2 more answers