Answer:
False
Explanation:
The first part of the statement is not only false but also counterproductive. If the firm tries to sell things to people who cannot afford them, it will probably not make a lot of profit, by definition.
The second part is simply unethical. For example, a cigarette company should not sell cigarettes to teenagers, it is unethical and also illegal.
I would make people pay tax according to their class division, the upper class pays more than the other/ middle class pays less than the upper class but more than the lower class/ the lower class pays less than the other classes.
I would use the tax for government nessecery items/repair/building. The other part of the tax I would save up in case of crisis
Answer:
correct option is (A) A deferred tax liability of $16 among noncurrent liabilities.
Explanation:
solution
pretax account income = $200
overweight fines= $5
understate depreciation = 110 - 70 = $40
so total taxable income is = $200 - $5 - $40
total taxable income is = $165
and
income tax is = 40% of $165
income tax = $66
and
income tax expense as per book is = 40 % of ( 200 + 5 )
income tax expense as per book is = $82
so deferred tax liability among non current liability is = $82 - $66 = $16
so correct option is (A) A deferred tax liability of $16 among noncurrent liabilities.
<span>The importance of management is based upon the </span>economical and effective strategic planning & regulation of operations of an enterprise to fulfill the given purposes.
To learn more of the importance of management, see attached file.
Answer:
If Tom is single, he can claim THE $250,000 CAPITAL GAINS EXEMPTION.
Explanation:
Capital gain taxes are taxes on any profit you make from the sale of something, such as a house. These taxes apply unless you upgraded to a home with a more expensive purchase price.
With the passage of the taxpayer relief act, individuals can exclude up to $250,000 of capital gains from taxation and married couples can exclude up to $500,000.
To qualify for the home sale capital gains tax exemption, one must pass the use test (looking at whether one used/lived in one's home). One must have owned and lived in the residence for at least two out of the last five years before the sale.
Therefore, since Tom is single and has lived in his home for the past four years and wants to sell, he qualifies for the exemption and can claim THE $250,000 CAPITAL GAINS EXEMPTION.
