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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.

#learnmoreonbrainly

MatroZZZ [7]4 years ago

3 0

<u>Answer</u>:

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

<u>Explanation</u>:

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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Purpose of business functions

aleksley [76]

Answer:

Business functions provide the vocabulary and framework needed to provide an enterprise-wide view of the business activities. They help to identify the main activities of the organization

7 0

3 years ago

Read 2 more answers

Your firm is considering an investment that will cost $750,000 today. The investment will produce cash flows of $250,000 in ye

den301095 [7]

Answer:

3.241 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $750,000

In year 1 = $250,000

In year 2 = $300,000

In year 3 = $300,000

In year 4 = $300,000

In year 5 = $100,000

And, the discounted rate of return is 10%

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

where,

rate is 9%

Year = 0,1,2,3,4 and so on

Discount Factor:

For Year 1 = 1 ÷ 1.10^1 = 0.9091

For Year 2 = 1 ÷ 1.10^2 = 0.8264

For Year 3 = 1 ÷ 1.10^3 = 0.7513

For Year 4 = 1 ÷ 1.10^4 = 0.6830

For Year 5 = 1 ÷ 1.10^5 = 0.6209

So after applying the discounting rate, the cash flows would be

In year 0 = $750,000

In year 1 = $250,000 × 0.909 = $227,250

In year 2 = $300,000 × 0.8264 = $247,920

In year 3 = $300,000 × 0.7513 = $225,390

In year 4 = $300,000 × 0.6830 = $204,900

In year 5 = $100,000 × 0.6209 = $62,090

If we sum the first 3 year cash inflows than it would be $700,560

Now we deduct the $700,560 from the $750,000 , so the amount would be $49,440 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $204,900

So, the payback period equal to

= 3 years + $49,440 ÷ $204,900

= 3.241 years

In 3.241 years, the invested amount is recovered.

7 0

4 years ago

Many Americans are selling their used cars and buying new fuel-efficient hybrids. Other things remaining the same, in the mark

Ann [662]

Answer:

Supply increases and price falls; Demand increases and price increases.

Explanation:

Other things remains the same,

If many Americans are selling their used cars, then this will lead to increase the supply of used cars in the market for used cars and shifts the supply curve rightwards. This shift in the supply curve will decrease the prices of used cars.

Now, Americans are buying new fuel-efficient hybrids which will increase the demand of hybrids in the market for hybrids and shifts the demand curve of hybrids rightwards. Therefore, this shift in the demand curve of hybrids will increase the prices of hybrids.

Note: Missing options are attached with the answer.

8 0

3 years ago

A Registered Investment Adviser plans on offering options strategies as part of his services. For this added investment strategy

Degger [83]

Answer:

Option A will be the correct answer.

Explanation:

In the above question, Options are not given. Please find the attachment of the complete question.

RIA has become an individual or an organization that offers investment advice to high-net-worth investors as well as operates financial investments.
This RIA rendered complete transparency, both oral and written form, to his shareholders, because of options techniques to be implemented and the fees associated. This would be the smartest method to do something about it.

Some other options are also not tied to the condition in question. Thus option A should be the perfect approach.

6 0

3 years ago

Cepeda Corporation has the following cost records for June 2017.

Masteriza [31]

Answer:

Cepeda Corporation

Cost of Goods manufactured schedule for June 2017

Work in process, 6/1/17 $3,820

Direct materials used $21,540

Direct labor $41,680

Work in process, 6/30/17 ($3,930 ) $63,110

Factor Overheads:

Factory utilities $470

Depreciation, factory equipment $1,760

Maintenance, factory equipment $1,860

Indirect materials $2,870

Indirect factory labor $5,230

Factory manager's salary $3,550 $15,740

Total cost of manufactured goods $78,850

Explanation:

The cost of goods manufactured is made up of the beginning work in process, direct materials cost, direct labor costs, and factory overheads minus the ending work in process. It is this figure that decides the product cost per unit, which will be a consideration in deciding the selling price in some market situations.

6 0

3 years ago