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Bess [88]
3 years ago
8

The government uses the revenue from taxes to pay for goods and services for the community.

Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0
Yes it does. Services like education, water, electricity are covered in this way.
You might be interested in
Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good
cupoosta [38]

Answer:

Common Resource

public good

private good

Explanation:

A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the clock does not means another person cannot enjoy the view of the clock

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the drum set and those you allow that can use the drum set.

A common resource is a good that is non excludable but rivalrous. The bike in the fitness room is an example. Because the gym is open to anyone, it is non excludable. Only one person can use it at a time, thus it is rivalrous

5 0
2 years ago
When a sales representative wishes to sell an exempt security to an out of state customer, which statement is TRUE?
GaryK [48]

Answer: A. Both the broker-dealer and the registered representative must be registered in the state where the sale of the exempt security is going to be made

Explanation:

When a sales representative wishes to sell an exempt security to an out of state customer, it should be noted that both the broker-dealer and the registered representative must be registered in the state where the sale of the exempt security is going to be made.

It should be noted that when though the exempt securities aren't typically registered under the Federal law and the State law, the broker-dealers along with the sales employees must be registered unde the state law where the security is being offered.

7 0
3 years ago
Insurance is a financial service that allows a
astra-53 [7]

Insurance is a financial service that allows a consumer to share liability with a company.

The answer is C

4 0
2 years ago
Read 2 more answers
The two most common receivables are receivables and receivables.
Kobotan [32]
Accounts receivable and notes receivable
8 0
2 years ago
Payroll Accounts and Year-End Entries The following accounts, with the balances indicated, appear in the ledger of Codigo Co. on
Scilla [17]

Answer:

Check the explanation

Explanation:

Part 1    

Date                 Accounts                                Debit              Credit

Dec 1, 2017  Medical Insurance Payable     $2,520  

                    Cash                                               $2,520

 

Dec 1, 2017  Social Security Tax Payable     $2,913  

             Medicare Tax Payable            $728  

Employees Federal Income Tax Payable   $4,490  

                     Cash                                         $8,131

 

Dec 2, 2017  Bond Deductions Payable    $2,300  

                     Cash                                      $2,300

 

Dec 12, 2017  Sales Salaries Expense         $14,500  

Officers Salaries Expense                    $7,100  

Office Salaries Expense                       $2,600  

Social Security Tax Payable                           $1,452

Medicare Tax Payable                                   $363

Employees Federal Income Tax Payable                 $4,308

Employees State Income Tax Payable                 $1,089

Medical Insurance Payable                           $420

Bond Deductions Payable                                 $1,150

Salaries Payable                                              $15,418

 

Dec 12, 2017  Salaries Payable                     $15,418  

                     Cash                                      $15,418

 

Dec 12, 2017  Payroll tax Expenses           $2,220  

Social Security Tax Payable                           $1,452

Medicare Tax Payable                                   $363

State Unemployment Tax Payable                   $315

Federal Unemployment Tax Payable   $90

 

Dec 15, 2017  Social Security Tax Payable  $2,904  

Medicare Tax Payable  $726  

Employees Federal Income Tax Payable  $4,308  

Cash   $7,938

 

Dec 26, 2017  Sales Salaries Expense  $14,250  

Officers Salaries Expense  $7,250  

Office Salaries Expense  $2,750  

Social Security Tax Payable   $1,455

Medicare Tax Payable   $364

Employees Federal Income Tax Payable   $4,317

Employees State Income Tax Payable   $1,091

Bond Deductions Payable   $1,150

Salaries Payable   $15,873

 

Dec 26, 2017  Salaries Payable  $15,873  

Cash   $15,873

 

Dec 26, 2017  Payroll tax Expenses  $2,009  

Social Security Tax Payable   $1,455

Medicare Tax Payable   $364

State Unemployment Tax Payable   $150

Federal Unemployment Tax Payable   $40

 

Dec 30, 2017  Employees State Income Tax Payable  $6,258  

Cash   $6,258

 

Dec 30, 2017  Bond Deductions Payable  $2,300  

Cash   $2,300

 

Dec 31, 2017  Pension Expense  $65,500  

Cash   $55,400

Unfunded Pension Liability   $10,100

3 0
3 years ago
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