<span>Some people consider mutual funds a more convenient investment than stocks or bonds because </span>owning an individual stock would carry more risk than a mutual fund. The type of risk is unsystematic. Unsystematic risk means that by owning just one stock, you would be carrying company risk that may not apply to other companies in the same sector of the market.
<span>Disability income plans which require that the insurer can never change or alter premium rates are usually considered </span>noncancellable.
Noncancellable means an insurance policy that can not be canceled as long as the customer makes their premium payments. They can not cancel or change the service agreement for any reason if payments are made.
Answer:
Sales Tax:
Sales tax is levied only on retail sales. Since the inventory is purchased by Mr. & Mrs. CS for their store, it will not qualify to be a retail sale. Property tax is calculated on the property. In our question, property tax will be calculated on the book value as on 31st December.
Step-I: Solution to the problem where sale is not a retail sale:
No, Mr. and Mrs. CS are not required to pay any sales tax on the purchase of inventory, since it is purchased for store and not qualifies to be a retail sale.
Step-II: Property Lax liability on Inventory:
Now, Mr. and Mrs. CS will be required to pay property tax on the book value of inventory left on 31st December. They can minimize their property tax liability by adjusting the time of their purchases. If they could have purchased the inventory in January, then the inventory could have been sold throughout the year and the book value of the stock left as on 31st December would have been lesser. Thus, the amount of tax would also be lesser
Below are the pros and cons of the current highway funding structure as related to taxes paid by motor<span> carriers:
Cons:
1. There is solid restriction to fuel charges increase.
2. The present government transportation financing structure depends essentially on tax collection of oil driven vehicles; this, nonetheless, is not reasonable in the long haul because of the real worry on environmental change.
2. The clients of the current aberrant client charge framework which depends on tax assessment of the devoured fuel are uninformed of the sum they pay as fuel charges.
Pros
1. Engine fuel charges yield heaps of income with less effect on the fuel costs.
2. The financing structure of expressways has added to the monetary development and thriving of the na±on, this will con±nue into the future if the assets are well spent.
3. Expanded engine fuel charges will urge the clients to moderate the earth and lessen clog.</span>
