$4,044 tax is credited to buyer.
Solution:
$8,200 annual taxes is imposed for 365 days.
hence the tax per day = $22.466
now for a duration of 180 days, that is, from 1 January to 29 June
Total tax imposed = $4044
<h3>
What are Tax?</h3>
- Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
- A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
- Around 3000 and 2800, the first known taxation occurred in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation.
- Taxes can be paid in cash or in the labor equivalent and can be either direct or indirect.
To learn more about Tax with the given link
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Answer:
Decrease the money supply from $120 to $100
Explanation:
If the monetary authorities reduces aggregate demand from AD3 to AD2, money supply decreases from $120 to $100. This decrease will cause a decrease in consumer spending. There will be a reduction of price levels and real output.
This is also called contractionary monetary policy and it causes interest rate to be higher there by reducing investments.
<h3>Answer: $198023.42 Explanation:
PV=FVx[1÷(1×i)^ PV= present value
FV=$25000
I=6% =0.06
^=4years PV=$250,000×[1÷(1-0.06)^4
PV=$250,000×[1÷(1.06)^4
PV=$250,000×[1÷1.26247696]
PV=$250000×[0.7920936632]
PV=198,023.42 The dollar value of the mistake is $198,023.42</h3>
It is very important to plan expenditures carefully so that you will know your potential expenses and you can make any adjustments. This is also another way to monitor your expenditures so that you will know where and what you have spent the money with. Any errors or mistakes in the planning would be easily detected. Other than that, this would also allow you to concentrate in saving.