D. The amount of money a company makes from sales. This is revenue by definition.
<u>Answer:</u>
Excise tax :$0.30 tax on a gallon gasoline
Consumption tax : 20% tax on wages earned
Income tax : 9% tax on the sale of luxuries
<u>Explanation:</u>
Excise tax are the taxes charged to individuals on purchase of certain goods. Excise taxes are included with the price of the product. One of the major excise tax is charged on the gasoline for vehicles.
Consumption tax are the indirect taxes that are charged on usage of goods and services. They are collected in the form of sales tax and value added tax.
Income tax is the tax collected by the government for earning money through business or work.
Answer:
b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Explanation:
The expense shall be recognized in the accounts of Colleen's employer at September 30, in respect of the salary earned by Colleen Mooney for the last week of September.
The following adjusting entry shall be recorded in Colleen's employer accounts:
Debit Credit
Salaries and Wages Expense 400
Salaries and Wages Payable 400
Based on above journal entry, the answer shall be b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Answer:
True
Explanation:
The reason is that the business would only recruit extra employees if the demand of the product is increasing which means that the consumer are spending more on purchasing goods and services which would increase the domestic production that is responsible in increase in GDP of the country. So it is true that increased customer spending increases the domestic production which increase the GDP of the country.
