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Neko [114]
3 years ago
6

You get your first paycheck and notice that a percentage of your money has gone to taxes. Your employer explains that everyone h

as to pay taxes. Why do you have to pay taxes? What would happen if you did not pay taxes? What type of taxes do you currently have to pay and why?
Your friend fills out their first tax form and is confused between adjusted and gross income. How can you explain the difference to your friend so that they can understand the difference? Give an example on why your friend’s income may be adjusted.
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

gross income is what you will get without taxes being taken out , or anything being taken out. adjusted income is when your taxes are taken out and that is what you will get .


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Which type of company enjoys the benefit of passing along deductions and credits of the company on to partners to file on their
Oksi-84 [34.3K]

Answer:

The correct answer is Limited Liability Partnerships.

Explanation:

A Limited Liability Company is a type of mercantile company, in which the liability is limited to the capital contributed, and therefore, in the event that debts are incurred, it does not respond with the personal assets of the partners, but to the one contributed in said Limited company. It presents as a capitalist-type society in which capital, which will be divided into social interests, will be integrated by the contributions of all partners, who will not respond personally to social debts.

Social ACTIONS are not equivalent to the actions of corporations, as there are legal obstacles to their transmission. In addition, they do not have a "value" character and cannot be represented by means of securities or account entries, and their transmission by means of the public document that will be registered in the partner register book is mandatory. It will be constituted in a public deed and subsequently in the registration of the commercial register, at which time it acquires legal personality.

3 0
3 years ago
luebke incorporated has provided the following data for the month of november. the balance in the finished goods inventory accou
umka21 [38]

The adjusted cost of goods sold that would appear on income statement for November is $247,900.

<h3>What is an income statement?</h3>

One of a company's financial statements, an income statement or profit and loss account (also known as a profit and loss statement (P&L), statement of profit or loss, revenue declaration, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) lists the company's income and outgoings for a given time period. It explains how the revenues, commonly referred to as the "top line," are converted into net income or net profit (the result after all revenues and expenses have accounted for). The income statement's goal is to demonstrate to managers and investors whether the business gained money (profit) or lost money during the reporting period.

To learn more about income statement, visit:

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8 0
1 year ago
When Benjamin purchased a camera at Best Buy, the cashier asked him for his home zip code. Which of the following approaches was
Anna11 [10]

Answer:

The correct answer is E) Customer spotting .

Explanation:

The detection of needs in the sale is the third step, of the six that must be taken to increase the possibilities of selling.

The detection of needs consists specifically in asking your client a series of questions that you have to have prepared in advance, in order to discover:

  1. What are the real needs they have
  2. If the products or services you have in your portfolio are suitable for what you need.

Not carrying out a correct detection of needs forces you to walk blindly and thus lose many chances of achieving success.

Keep in mind, that it is in this step where it is most important that you pay attention and listen to what the client has to say.

4 0
4 years ago
Which of the following statements is true about causes of business cycle fluctuations? rev: 05_30_2018 Multiple Choice Economist
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Answer:nnbtfirjrguvrvudvrvuvrvru ru.

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8 0
3 years ago
Krysel inc. is expecting a new project to start producing cash flows, beginning at the end of this year. they expect cash flows
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FW = PW×(1.092)^n = $4,429,045.62

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