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vladimir1956 [14]
2 years ago
7

Main purpose or taxes is to

Business
1 answer:
nlexa [21]2 years ago
4 0
The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation. But it is not the only goal. In other words, taxation policy has some non-revenue objectives. so the answer is A.
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Arthur is a truck driver who owns his own business. He has been on the road for several months, and the constant wear and tear o
uranmaximum [27]

Answer:

<u>Letter B is correct</u>. Will be reduced.

Explanation:

In this case, Arthur's taxes will be reduced. This situation happens according to some legal criteria. Arthur is a sole proprietor of his business, and since he has had significant losses tied to his business, he has the right to reduce personal expenses on such losses by subtracting this cost from his tax obligations.

5 0
3 years ago
The following items were included in Castle City's General Fund expenditures for the year ended June. Personal computer for the
ad-work [718]

Answer:

$0

Explanation:

Capital assets are useful items that a business intends to keep beyond the current financial year. They are assets held for personal or investment purposes. Capital assets exclude items meant for sale in the current financial period.

Capital assets are used in the business operations to generate more revenues for the company. They are assets with a  use-life that is greater than one year. Castle City General purchased a computer to be used by the city's treasurer. Castle City General will not use this item; hence it will not help in generating any revenues. The Furniture is for the mayor's office, and not the Castle City operations. These two purchases will not be included in Castle City books as capital expenditures.

8 0
3 years ago
What options are available on the File tab in Access Check all that apply.
Juli2301 [7.4K]

Answer:

File tab in Microsoft Word is a section that gives you access to file functions like open, save, close, word options, and recent file documents. Open, Save options, and the author of the document can be found right after you click the file tab.

Explanation:

Hope it helps

4 0
2 years ago
Read 2 more answers
The economic term that describes the satisfaction that consumers gain from consuming goods and services is
joja [24]

Answer:

utility

Explanation:

5 0
2 years ago
Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 sinc
EleoNora [17]

Answer:

Bob’s realized gain on the sale is $55,000,

Explanation:

The first step is to find the Book Value of the Rental Property Sold.

<u>Book Value of the Rental Property Sold.</u>

Cost                                               $260,000

Less Accumulated Depreciation  ($37,000)

Book Value                                   $223,000

Gain or Loss on Sale = Selling Price - Cost of Sale (Book Value) - Other Selling Expenses

                                   = $290,000 - $223,000 - $12,000

                                   = $55,000

<u>Conclusion :</u>

Bob’s realized gain on the sale is $55,000,

4 0
3 years ago
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