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2 years ago

Juan buys gas at the gas station. The gas station submits funds for road maintenance. What type of tax is this? (5 points)

Business

1 answer:

prisoha [69]2 years ago

6 0

Answer:

Indirect taxes

Explanation:

Indirect taxes are the taxes levied on transactions as opposed to direct taxes that are imposed on incomes. An indirect tax is added to the prices of goods and services and collected by the seller or retailer. The retailer acts as the tax intermediary and submits the taxes collected to the government.

Examples of Indirect taxes include excise duty tax, value-added tax, and sales tax. Gas attracts sales tax and road maintenance tax. These taxes increase the price of gas, making them indirect taxes.

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Answer:

$6,540

Explanation:

Given:

accounts receivable of $238,000

allowance for uncollectable accounts of $600 (credit)

Also, the allowance for uncollectible accounts should be 3% of accounts receivable.

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= 3% of $238,000 - $600= $(7140-600)= $6,540

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tino4ka555 [31]

Answer:

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