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3 years ago

Taxes are charged on items at the time of purchase?

Business

1 answer:

hichkok12 [17]3 years ago

7 0

Answer:

Depending on what taxes your talking about if i go to HEB and buy somthing Theres taxes that you pay for right away but the taxes you get in the mail and stuff is purchased later

Explanation:

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Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and

mihalych1998 [28]

The amounts and types of education tax credits that Ariana and John can take without modified AGI limitation are as follows:

Amount of Education Tax Type of Education Tax Credits

For Kai $1,000 ($2,500 x 40%) The American Opportunity Credit

For Angel $1,560 ($7,800 x 20%) The Lifetime Learning Credit

Total tax credit = $2,560 ($1,000 + $1,560)

<h3>What are the American Opportunity Credit and the Lifetime Learning Credit?</h3>

Whereas the American Opportunity Credit (Kia's) covers only the first 4 years of post-secondary education at 40% of $2,500 per student because Kia is a half-time student, the Lifetime Learning Credit applies to graduate schooling (Angel's) and covers 20% of the first $10,000 paid for tuition.

We must note that no taxpayer can claim both the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same tax year.

Thus, the total education tax credit that Ariana and John can claim for both Kai and Angel is $2,560.

Learn more about education tax credits at brainly.com/question/8166956

6 0

2 years ago

On December 30, 2019, Whitney sold a piece of property for $85,000. Her basis in the property was $40,000, and she incurred $1,2

vlabodo [156]

Answer:

Under the installment sales method, the total contract price is $85,000

gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)

and the amount of gain reported in 2018 is $3,459.

6 0

3 years ago

Kubin Company’s relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average cos

erastovalidia [21]

Answer:

a. $142,500

b. $86,250

Explanation:

a. The computation of the total direct manufacturing cost is shown below:

= (Direct material per unit + direct labor per unit) × number of units manufactured

= ($7.20 + $4.20) × 12,500 units

= $142,500

b. The computation of the total indirect manufacturing cost is shown below:

= (Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit) × number of units manufactured

= ($1.70 + $5.20) × 12,500 units

= $86,250

8 0

3 years ago

Outline the initiatives that Woolworths use to lessen their impact on the environment

Bingel [31]

The initiatives that Woolworths use to lessen their impact on the environment - RECYCLING

we're committed to lowering the quantity of waste we send to landfill, recycling what we will and the usage of recyclable materials wherein we can. a number of THE ways we are RECYCLING TO reduce WASTE: RECYCLED PLASTIC: the whole lot in our shops from trolleys to signage is made from recycled substances.

1. ENERGY

We want to lessen the negative affects of weather exchange. That’s why we’ve made a commitment to the usage of power efficiently and decreasing our carbon footprint.

HERE'S HOW WE'RE SAVING ENERGY

AT OUR STORES: every time we design a new store, we have a look at the way to encompass strength-saving elements and solar energy. This has resulted in extra than 40% reduction in energy utilization in SA shops, with over 100 inexperienced stores designed.

2. WATER

We want to ensure future generations will still be able to enjoy clean, fresh water. That's why we’re actively working to use water responsibly – in our own operations and those of our suppliers.

HERE'S HOW WE'RE SAVING WATER:

AT OUR HEAD OFFICE: We treat and use underground water, saving the local municipality over 14.5 million litres of water every year.

FARMING FOR THE FUTURE: We’re helping farmers reduce water wastage and water pollution through our Farming for the Future initiative.

Learn more about RECYCLING brainly.com/question/11861824

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5 0

1 year ago

Tangerine Inc. is evaluating a capital project for investment. The initial cash outflow in Year 0 is $1,500 followed by cash inf

irina [24]

Answer:

Terminal value

= 500(1+0.12)3 + 500(1+0.12)2 + 500(1+0.12)1+ 500(1+0.12)0

= 500(1.12)3 + 500(1.12)2 + 500(1.12)1 + 500(1.12)0

= 702.464 + 627.2 + 560 + 500

= $2,389.66

The correct answer is E

Explanation:

Terminal value is a function of number of years cashflow for each year can be re-invested at the appropriate discount rate. The cashflow for year 1 can be re-invested for 3 years since the life of the project is 4 years. cashflow for year 2 can be re-invested for 2 years, cashflow for year 3 can be re-invested for 1 year and cashflow for year 4 can be re-invested for 0 year.

8 0

3 years ago