This is called the withholding tax or income tax. Every employee has to pay tax for every income made which is directly credited by the employer for the government. Withheld tax within the year is reflected in the Income tax return alongside with other income and assets where then you can apply for exceptions or discounts. If withheld tax is over the supposed tax then it will be refunded.
Market economy is the economic system which private businesses can operate freely with minimal state control
Answer:
the material quantity variance
Explanation:
As we know that
Material quantity variance is
= (Standard quantity - actual quantity) × standard price
This represent that the difference between the standard quantity and the actual quantity should be multiplied with the standard price is known as the material quantity variance
Therefore as per the given situation, the material quantity variance is the answer
Hence, the same is to be considered
A company's product is taking market share from another product in the same company. this process is known as Cannibalization.
<h3>What is Cannibalization in business?</h3>
In business, the phenomenon of Cannibalization occurs when a product that a company makes ends up taking the market share of another product that the same company makes.
The product that does the taking of market share is often a new product that has better qualities and so is sought after by the customers of the same company.
Find out more on product cannibalization at brainly.com/question/17772125
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Answer: $70,000
Explanation: Add ending + Beginning
