Answer:
The branch of the US government that has the power to "lay and collect taxes" is:
the Congress, according to Article I, Section 8.
Explanation:
The Congress is made up of the people's elected representatives. As such, people's consent and approval are always sought and given through the Congress for the laying and collection of taxes. The IRS is a creation of Congress. Congress empowers it to collect taxes. Even when the Executive branch proposes tax changes, they are subject to the approval of the Congress.
The efficiency of the worker and the level of skill required differ between occupations
Answer:
$2,585
Explanation:
The Steps to answer this question requires adjustment to the unadjusted Trial Balance based on the figures given in the adjustments.
The Net Income for the period ended December 31, is calculated as follows
Particulars Amount
Fees Earned (Revenue 7,410+1,035) $8445
Subtract the following Expenses
Depreciation (for the period and not accumulated) 350
Rent Expenses 1,460
Salaries Expense 2,460
Utiities Expense 505
Insurance Expense 810
Supplies Expense 275
Total Expenses ($5,860)
Net Income $2,585
Note: The remaining figures in the questions were not used because they relate to the Balance Sheet and not the income statement.
Good luck.
