The correct alternative regarding tax revenue:
<u>B-Personal income tax is currently the largest source of government revenue in South Africa.</u>
<u>Direct </u><u>Taxes</u>
- it is levied on earnings and activities conducted.
- the burden of tax cannot be shifted in case of direct tax.
- it is paid directly by individual concerned.
- it is paid after the income reaches in the hands of the taxpayer
- Tax collection is difficult.
- instance income tax, wealth tax etc.
<u>Indirect </u><u>Taxes</u>
- it is levied on product or services.
- the burden of tax shifted for indirect taxes
- It is paid by way of one man or woman however he recovers the same from another person i.e. person who actually bear the tax ultimate consumer.
- it is paid before goods/service reaches the taxpayer.
- Tax collection is exceptionally easier
- Example GST, excise duty custom duty sale tax carrier tax
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Answer and Explanation:
The preparation of the bank reconciliation statement is presented below:
Balance as per bank $8,732.00
Add: Deposit in transit $3,500.00
Less: Outstanding checks -$1,486.00
Adjusted bank balance $10,746.00
Balance as per books $8,768.00
Add: EFT received from customer $2,023.00
10791.00
Less: Service charges -$45.00
Adjusted book balance $10,746.00
The tax refund that Lily can expect to get back from the tax authorities will be $15.80.
<h3>What is a tax?</h3>
A tax simply means the compulsory levy that's paid by the people and companies to the government.
In this case, the tax refund that Lily can expect back will be:
= 7.65% × $206
= $15.80
In conclusion, the correct option is $15.80.
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This is a case of Food safety fraud by Penanut corporation of America and the culprits where sentenced to prison in Albany,Georgia
Explanation:
- In the above mentioned case the managers (c)who shipped the product knowing that it was contaminated where also punished .
- The managers where punished for their role in shipping the salmonella -positive peanut product,for falsifying the microbiological results.
- The evidence of the trial reflected that tainted food shipping led to a salmonella outbreak in 2009 with more than 700 reported cases of salmonella poisoning in 46 states.
Answer:
1) this country's public debt = $42 billion
2) incomplete question
Explanation:
A budget deficit is the difference between a country's income and its expenditures, a deficit occurs when expenditures are larger than revenues. The public debt would be the accumulation of all the country's budget deficits or surpluses.
public debt = -$20 - $30 + $10 - $2 = -$42 billion