All categories

3 years ago

The act of purposely failing to pay taxes is known asThe act of purposely failing to pay taxes is known as

Business

2 answers:

netineya [11]3 years ago

7 0

The act of purposely failing to pay taxes is known as <u> "tax evasion".</u>

slava [35]3 years ago

5 0

The act of purposely underpaying or not paying taxes at all is known as tax evasion.

You might be interested in

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without b

kakasveta [241]

Answer:

30 days after receiving notice of the changes

Explanation:

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?

An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous with the term insurance provider or insurance company.

A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.

In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.

4 0

3 years ago

Jeff recently drove to visit his parents who live 160 miles away. on his way there his average speed was 9 miles per hour faster

olya-2409 [2.1K]

To answer this item, we let x be Jeff's speed when going back home. With this representation, the speed from home to his parents is x + 9. The total time it took him for the trip is 8 hours. The time of each trip can be calculated by dividing the distance by time. Such concept is presented below.

8 hours = 160/x + 160/(x + 9)

The value of x from the equation is 36. Thus, his speeds were 36 miles/h and 45 miles/h.

4 0

3 years ago

"what is the difference between a credit card and a debit card? why are credit cards considerably more popular with u.s. consume

Y_Kistochka [10]

The difference between credit card and a debit card is that:
Debit cards are linked to your bank account, and money is withdrawn from the account as soon as the transaction occurs. While credit cards are not linked to your bank account, they are linked to the bank or institution that issued the card. Credit card are billed monthly.
Credit cards are considerably more popular with U.S. consumers because debit cards are linked to your bank account and if someone stole the card, all the money in your bank account will vanish. where credit cards are not linked to your bank account, it is charged monthly as much money as you want.

7 0

3 years ago

Direct Labor Variances The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs.

Lady bird [3.3K]

Answer and Explanation:

The computation is given below:

Direct labor rate variance = (Actual rate - Standard rate) × Actual hours

= ($22.50 - $23) × 8,450 hours

= -$4,225.00 Favorable

Direct labor time variance = (Actual hours - Standard hours) × Standard rate

= (8,450 hours - 8,400 hours) × $23

= $ 1,150.00 Unfavorable

Total direct labor cost variance is

= Direct labor rate variance + Direct labor time variance

= $4,225 Favorable + $1,150 Unfavorable

= -$3,075.00 Favorable

b. In the case when the employees are not much experienced or they are poorly trained so the less experience cause to less performance due to which the actual time needed should be more than the standard one

3 0

3 years ago

Uestion 5

konstantin123 [22]

Answer:

BROOKLYN LTD

The selling price should be set at Shs. 15,000. At this price, there are more sales in unit and value than at the selling price of Shs. 24,000.

Explanation:

a) Data and Calculations:

Shs. 15,000 Probability Expected Sales

Forecasted Sales Volume 20,000 10% 2,000

Forecasted Sales Volume 30,000 60% 18,000

Forecasted Sales Volume 40,000 30% 12,000

Total Expected sales 32,000

Total Sales Value = Shs. 480,000,000 (Shs. 15,000 x 32,000)

Shs. 24,000 Probability Expected Sales

Forecasted Sales Volume 8,000 10% 800

Forecasted Sales Volume 16,000 30% 4,800

Forecasted Sales Volume 20,000 30% 6,000

Forecasted Sales Volume 24,000 30% 7,200

Total Expected sales 18,800

Total Sales Value = Shs. 451,200,000 (Shs. 24,000 x 18,800)

3 0

2 years ago