Answer:
A, A, E, E, E.
Explanation:
Tax evasion is an illegal activity in which a person or entity deliberately avoids paying a true tax liability. Those caught evading taxes are generally subject to criminal charges and substantial penalties.
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. Tax sheltering is very similar, although unlike tax avoidance tax sheltering is not necessarily legal.
Sue writes a $707 check for a charitable contribution on December 28, 2013, but does not mail the check to the charitable organization until January 10, 2014. She takes a deduction in 2013. A - Tax Evasion
Sam decides not to report interest income from a bank because the amount is only $19.75. A - Tax Evasion
Harry pays property taxes on his home in December 2013 rather than waiting until February 2014. - E - Tax Avoidance.
Variet switches her investments from taxable corporate bonds to tax-exempt municipal bonds. E - Tax Avoidance.
Mel encourages his mother to save most of her Social Security benefits so that he will be able to claim her as a dependent. E - Tax Avoidance.
Answer:
If Product X is discontinued, the company’s overall net operating income would: increase by $61,600
Explanation:
Not drop Drop Difference
Sales 317,100 317,100
(15100*21)
Less: Variable expenses <u> 226,500</u> <u>226,500
</u>
(15,100 * 15)
Contribution margin 90,600 90,600
Less: fixed expenses <u>101,000</u> 72,000 <u>29,000
</u>
Net operating income <u>-$10,400</u> <u>$61600</u>
<u></u>
Conclusion: If Product X is discontinued, the company’s overall net operating income would: increase by $61,600
Answer:There are gains from trade but the distribution of these gains may not be the same for everyone
Explanation:There are some correlation between economic growth and trade.
Global economics intergration may be a potential factor that causes trade to affect economic growth positively.
When there is global intergration companies learn to adopt new technologies and those which doesn't may phase out ,dynamic firms which can export to the world experience an increase in demand and this lead to these companies gaining the advantage of operating on larger scale where price per unit product becomes lower. This means the company isnt restricted to their country of origin.
They can also lean and be innovative as they obtain more experience from exposures to certain technologies and adopt those technologies and certain standards that make these company compete efficient.
Answer:
Total sales tax payable:170, sales :2000
Explanation:
Sale price x sales tax rate = sales tax payable
2000 x .085 (6%+2.5%) = 170
it doesn’t say so I’m assuming that the 2,000 credit sale does NOT include the sales tax due.
