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3 years ago

WHY do we pay tax and what is it use for

Business

2 answers:

Vika [28.1K]3 years ago

7 0

Money paid in taxes go to the state funding.

lara [203]3 years ago

5 0

We pay taxes The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.

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At Patio Products International, each supervisor receives direction and information from the managers above them and passes that

alexandr1967 [171]

Answer:Unity of command

Explanation:Henri Fayol principle of management is one of the most widely accepted standard for effective management of Organisations. This principles highlights fourteen(14) points that highlights how management can carry out their responsibilities.

UNITY OF COMMAND IS ONE OF THE PRINCIPLES OF MANAGEMENT BY HENRI FAYOL WHICH INVOLVES A TOP-DOWN(MANAGERS TO SUPERVISORS TO THE JUNIOR PERSONNEL) APPROACH TO GIVING INSTRUCTIONS.

5 0

2 years ago

At the time of Carol's 10 year high school reunion she was making $30,000 and the CPI was 90. Now that is is time for her to att

Klio2033 [76]

No, Carol's real income fell during that 10-year period.

[(30,000 ÷ 90 × 100) is > (65,000 ÷ 200 × 100)].

<h3>How Does the Consumer Price Index (CPI) Work?</h3>

The change in prices that American consumers pay each month is tracked by the Consumer Price Index (CPI). The CPI is calculated by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a selection of goods and services that are indicative of overall consumer spending in the United States.

A common indicator of inflation and deflation is the CPI. The CPI report employs a different survey methodology, price sample, and index weights than the producer price index (PPI), which gauges changes in the prices paid by American producers of products and services.

What Purposes Does the CPI Serve?

Policymakers and the financial markets carefully monitor the CPI Index as an indicator of inflation. The cost of living adjustments for federal benefit payments is computed using a linked CPI metric.

How is the CPI determined?

When calculating the CPI, the Bureau of Labor Statistics takes a monthly sample of 94,000 prices and weights each index according to its share of recent consumer spending to determine the total change in prices. In the computation, the substitution impact is also taken into account, which occurs when customers divert their spending away from goods whose prices are rising relative to other goods.

Learn more about CPI with the help of the given link:

brainly.com/question/26682248

#SPJ4

8 0

1 year ago

The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?

agasfer [191]

I think it’s Alex since he has the lowest salary so it’d be harder for him to pay the tax

3 0

3 years ago

A company uses the departmental overhead rate method. Total overhead costs are $5,000,000. Of this total, the machining departme

AleksAgata [21]

Answer:

Allocation rate Machining= $50 per machine hour

Explanation:

Giving the following information:

Estimated Machining cost= $4,000,000

Estimated Number of machine hours= 80,000

To calculate the allocation rate for the Machining department, we need to use the following formula:

Allocation rate Machining= total estimated costs for the period/ total amount of allocation base

Allocation rate Machining= 4,000,000 / 80,000

Allocation rate Machining= $50 per machine hour

4 0

3 years ago

1. Answer the below question based upon the following information on Fitbit: Fitbit Year0 Year1 RRF 2% Initial Investment -$5,00

Volgvan

Answer:

$8.53

Explanation:

As per the data given in the question,

Total sales

= 150,000 × $400

= $60,000,000

Variable = $37,500,000

Fixed cost = $1,000,000

Depreciation = $1,500,000

Tax rate = 35% = 0.35

Net Income = (Sales - Variable - Fixed cost - Depreciation) (1 -Tax rate)

= ( $60,000,000 - $37,500,000 - $1,000,000 - $1,500,000)(1 -0.35)

= $13,000,000

Price per share

= Net income ÷ Existing Fit-bit shares

= $13,000,000 ÷ 2,000,000

= $6.5

Total IPO value = Pre-IPO value + Post-IPO value

= [$91,100,000 + (6.5 × 36,500,000)] ÷ ( 2,000,000 + 36,500,000)

= $8.53

We simply applied the above formula

3 0

3 years ago