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4 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]4 years ago

7 0

The act of purposely failing to pay taxes is known as "tax evasion".

slava [35]4 years ago

5 0

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

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High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part

Karolina [17]

High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part of the early group of adopters of new technology. Those that adopt a new technology early on, typically tend to be more profitable but also more critical. Though the adaptation came from social pressure, High Shore Inc. still has expectations that the technology needs to meet to maintain their companies growing needs.

5 0

4 years ago

On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,000,000. The county

Vladimir79 [104]

Answer:

Journal Entry

01 July Debit Taxes Receivable $4,000,000 Credit Allowance for uncollectible tax $200,000 Credit Revenue $3,800,000

30 April Debit Bank $3,710,000 Credit Taxes Receivables $3,710,000

Debit Interest and penalties on Unpaid Taxes $14,300 Credit Allowance for interests and penalties $1,600 Credit Revenue $12,700

30 June Debit Bank $56,600 Credit Tax Receivable $52,000 Credit Interest and taxes on unpaid taxes $4,600

Explanation:

Allowance for uncollectible tax = $4,000,000*5% =$200,000

Allowance for interests and penalties = 14,300 - 12,700 = 1,600

5 0

4 years ago

The Sullivan Co. needs to raise $65.4 million to finance its expansion into new markets. The company will sell new shares of equ

Dimas [21]

Answer:The Company needs to sell 1.11 million shares.

Explanation:

Since 8% shares are already taken b underwriters, the Compay needs to sell 92% of shares. So 92% of total amount (65.4 million) is $ 60.168 million. We will divide the amount by price per share of $54 to get amount of shares needed to be sold. So after dividing is $ 60.168 million by $54, we get 1.11 million shares which is the answere.

6 0

3 years ago

Is a company bonus earned income?

katrin2010 [14]

Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes

7 0

3 years ago

John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John De

Marrrta [24]

Answer: Internet of Things

Explanation:

The above scenario explained in the question shows that John is utilizing the Internet of Things.

Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.

The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.

5 0

3 years ago