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4 years ago

Which are types of income tax that people pay? Check all that apply.

Business

2 answers:

kari74 [83]4 years ago

4 0

People pay sales income tax.

Explanation:

Sales income tax can be computed in various methods.

Sales income is the revenue derived from the sales of goods and services. This is made most of the time through Value Added Tax System VAT.

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MatroZZZ [7]4 years ago

3 0

Answer:

Federal, local & state taxes are the types of income taxes that people pay.

Explanation:

People pay federal, local and state taxes. The taxes paid are with respective to the jurisdiction and sector they work or are employed in. The internal revenue service of the United states imposes federal taxes on the annual incomes of corporates, working individuals, entitled legal entities and trusts. Local taxes mainly involve transport or road tax, along with goods that are transported locally within the area. State taxes are applicable at places where certain good or commodities are exchanged between states.

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Red Roofs, Inc. has current liabilities of $24,300 and accounts receivable of $7,800. The firm has total assets of $43,100 and n

Bezzdna [24]

The amount of the net working capital is -$4,900

Net working capital = $43,100 - $23,700 - $24,300 = -$4,900

What is the meaning of net working capital '?

The net working capital of a corporation is the difference between short-term assets and short-term liabilities (NWC). Positive net working capital indicates that a business has paid its debts and has funds left over to invest in other operational needs, which is fantastic.

Why is net working capital important?

Net working capital is significant because it provides insight into a company's liquidity and determines if it has sufficient funds to meet its immediate obligations. If the net working capital number is zero or higher, the company can meet its immediate obligations.

Learn more about net working capital: brainly.com/question/21852402

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8 0

2 years ago

What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010:

svet-max [94.6K]

Answer:

For Countries (per capita) United States of America (per capita)

Ethiopia:

$380 $48,468

Mexico:

$9,271 $48,468

India:

$1,358 $48,468

Japan:

$44,508 $48,468

Explanation:

Ratio per Capita also known as Gross Domestic Product per Capita (GDP Capita) is the monetary measure of the market value of all the final goods and services produced in a specific time period within the country in view. It is useful for comparing national economies of different countries on the international market.

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3 years ago

Which of the following is a duty of a personal finance manager?

Eva8 [605]

Answer:

Filling rax return is a duty of a personal finance manager

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3 years ago

Eagle Company, a partnership, had a short-term capital loss of $10,000 during the current year. Aaron, who owns 25% of Eagle, wi

Lubov Fominskaja [6]

Answer:

True

Explanation:

Partnerships are not taxed as individual entities, they work as pass through entities where the partners must report any gains or losses on their personal income filings.

In this case, since Aaron owns 25% of Eagle Company, any loss or gain that Eagle company has will be passed to Aaron in the same percentage. Since Eagle had a $10,000 short term capital loss, $2,500 ($10,000 x 25%) of the loss will pass to Aaron.

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3 years ago

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

Dmitry_Shevchenko [17]

Answer:

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

6. quality of goods and services

7. externalities

The car parts produced in the US would be added to GDP as parts of exports

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3 years ago