ANSWER: Indirect and Regressive
EXPLANATION: The Sales Tax is a tax which is imposed by the government on the sale of products and services. This tax is both Indirect and Regressive in nature.
Sales Tax is indirect because it is imposed by the government but are collected by the seller or the manufacturers (also known as Intermediary) on behalf of the government from the consumers. The intermediary then passes on the tax to the government.
Sales Tax is also regressive in nature as it imposed uniformly on the consumers regardless of the economic condition of the buyer. The term 'Regressive' means that the tax distribution pressure decreases as the buyer's income goes higher. The tax burden will be higher for low income group people and will be lower for high income group people.
Answer:
The gross income Donna needs to recognize from stock dividend is ZERO.
Donna’s basis for her 840 shares of stock is $47.62.
Explanation:
Assuming that Donna does not have any option to recieve dividend in form of cash, the stock devidend will be non-taxable.
Therefore, The gross income Donna needs to recognize from stock dividend is ZERO.
Adjusted basis per share after dividend
= Adjusted basis of 800 shares/number of shares
= $40,000/840
= $47.62
Therefore, Donna’s basis for her 840 shares of stock is $47.62.
Answer:
The answer is E. compensates investors for expected price increases.
Explanation:
Inflation premium arise from that, investors holding nominal assets
are exposed to unanticipated changes in inflation.
Storyboard. This is used as a conceptual touchpoint prior to putting any investment into filming. It ensures the project is tracking favorably to the customer's expectation.
