Ty and his wife paid a sales tax on the T-shirts they bought. That money probably helps fund the public park they visited. Similarly, they will pay money to the government in the form of property taxes, and some of that money will fund the local schools.
What sales tax means?
A sales tax is a charge that is added to both the price of goods and services sold to businesses and the price of the same goods and services purchased by consumers. Because it is a type of consumption tax, consumers are charged for their purchases.
What is property tax?
Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it.
Learn more about property tax: brainly.com/question/15227817
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The correct question is:
As you read the following paragraph, think about the purpose and idea behind the taxes discussed. Then answer the question that follows.
Ty just received a job offer in a new city. He is married with two small children. He and his wife go to visit the city and find a place to live. Their children will be in school in a few years. While on the trip, they visit a beautiful public park for the kids. They encounter one type of tax when they buy a few souvenir T-shirts: the shirts are on sale for $10, but Ty ends up paying $11.00 after the sales tax is added. Later, they encounter a second type of tax. When Ty and his wife meet with their real estate agent, the agent tells them that the property taxes they will pay on their new home are higher than the taxes on their old home. However, the agent says the government funds the schools in the area well, and the schools are high quality.
What are the costs and benefits of the taxes that Ty and his wife experienced on this trip?
I’m sorry I gave up 85 points on accident
Answer:
<u>C. Scenario planning helps create strategic plans that are more flexible, and thus more effective than those created through the more static strategic planning approach.</u>
<u>Explanation:</u>
Even though both models or techniques are important, they are different in their degree of effectiveness.
For example, scenario planning creates solutions which are flexible in overcoming barriers to the organizations goals such as a new government policy. Thus, they are generally considered more effective than those created through strategic planning approach such as the SWOT (Strength, Weakness, Opportunity, and Threats) analysis.
Answer:
The total amount of dividends paid over these three years: $8000
Explanation:
- Net income (loss) in three years
$7,100, ($1,600), and $3,600
=> the total net income is the first three years of operation is:
$7,100 - ($1,600) + $3,600
= $9,100
This money is not kept in the Retained Earnings because it is used for dividend payment. But Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years:
= Total net incomes - Retained Earnings
= $9,100 - $1,100,
= $8000
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Answer:
valuation principle
Explanation:
The basis concept behind the valuation principle is that the value of an asset is determined by the market. If an investor is evaluating any type of new project, he/she must use market prices in order to determine whether this new project will make him/her wealthier. E.g. the price of art works is determined by the amount of money that someone is willing to pay for it, not by the fact that you like it or not.
