Kiana will report under the head of natural disaster and its compensation amount is also exempt.
- In income tax, there are a total of five heads of income viz
- income from salary
- Income from house property
- Income from profits and gain of business or profession
- Income from capital gains
- Income from other sources
- Each head of income describes different features of income that are taxable.
- Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
- Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.
Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).
To know more about income tax refer : brainly.com/question/26316390
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Answer:
Consumers will bear all the tax
Explanation:
O Consumers will bear a greater burden of the tax, but not all the tax. O Consumers and producers will bear the tax burden equally O Producers will bear all the tax Consumers will bear all the tax O Producers will bear a greater burden of the tax, but not all of the tax.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
The party with the less elastic demand bears the tax burden
Answer:
indirect exporting
Explanation:
Based on the information provided within the question it can be said that Hippos is most likely to pursue an indirect exporting. This refers to selling your goods to an intermediary who then sells it directly the customers. This is a great market entry strategy when entering a foreign market since it allows an individual who is already accustomed to the market sell the products, thus minimizing the risk of loss in the foreign market.
Answer:
$418
Explanation:
FV = $400,000. This is the amount you want to have in your retirement account 25 years from now
i/r = 8%/year = 0.67%/month. The interest that the account pays
n = 25 years = 25 x 12 = 300 months
PV = 0
PMT (The amount of monthly deposit required to achieve the target above. This is the missing value we need to calculate)
By using financial calculator, we obtain:
PMT = $418
Answer:
Assets= liabilities + equity
