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nexus9112 [7]
3 years ago
8

The nature of the tax system means that there is usually a trade-off between ___ and ___.

Business
1 answer:
IgorC [24]3 years ago
5 0

Answer:

<u>equity and efficiency</u>

Explanation:

Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.

When profits are earned the taxes are paid. After that the remaining profit is either distributed to equity or retained for future purposes.

The more efficiently the company works, higher will be the profit and higher will be the taxes.

As profit is for equity, and from that share the amount is given to tax authorities, which is some part of income, share of equity to tax.

Though it does not provide for right in company, but it is legal to pay the tax.

That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.

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Baker earned $113,300 of salary as an employee in 2012. How much should his employer have withheld from his paycheck for FICA ta
Murrr4er [49]

Answer:

Employer should withheld $1,643 from Baker's salary

Explanation:

Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.

The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.

Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.

Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.

5 0
3 years ago
When a business association holds itself out to others as being a corporation when it has made no attempt to , the firm normally
REY [17]

Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.

Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.

So it becomes.

When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.

The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.

3 0
3 years ago
Read 2 more answers
What is one difference between criminal law and civil law?
Sati [7]

Answer:

the answer is (b )that I'd criminal law addresses private wrongdoings, while civil laws addresses public wrongdoings

8 0
3 years ago
Which of the following is a “DO” regarding scannable resumes
Ratling [72]
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- make it a text based format, don't rely on picture and graph since it cannot be scanned
- AVOID any typos
- do not use text box, since the scanner will categorized as graph

Hope this helps
5 0
3 years ago
Which Internet security risk is associated with dumpster diving?
Vladimir79 [104]
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Hope this helps!
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6 0
3 years ago
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