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Solnce55 [7]
2 years ago
7

Who pays taxes in a corperation?

Business
1 answer:
atroni [7]2 years ago
7 0

Answer:

<em>Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax. For the assessment year 2014-15, domestic companies are taxed at the rate of 30%.</em>

Explanation:

<h3><em>I </em><em>hope</em><em> this</em><em> helps</em><em>!</em></h3>
You might be interested in
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
sertanlavr [38]

Answer: Statement 1 ( Laptop) = Producer surplus

              Statement 2 ( watch ) = Neither

              Statement 3 ( jersey sweater) = Consumer surplus

Explanation:

Hi, Consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay.

  • <em>Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39.  </em>Consumer surplus

Producer surplus<em>  </em> is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive

  • <em> I sold a used laptop for $149, even though I was willing to go as low as $140 .</em>Producer surplus
  • <em>I sold a watch for $59 on eBay last week. This week, someone offered me $145 for it.  </em>neither

Feel free to ask for more if needed or if you did not understand something.

5 0
3 years ago
Prisly Inc. is a multinational company that specializes in manufacturing and selling high-end cars. It launches a new car Gwen 2
antoniya [11.8K]

Answer:

3. cannibalization

Explanation:

This term refers to the situation were sales or the market share of a product are reduced because another product is introduced by the same company.

5 0
3 years ago
10 pts
Westkost [7]

Answer:

s

Explanation:

s

4 0
2 years ago
TRN sold $40,000, of goods and accepted the customer's $40,000 10%, 1-year note payable in exchange. Assuming 10% approximates t
drek231 [11]

Answer:

b. $2,000

Explanation:

The computation of the interest amount is shown below:

= Sale value of goods × rate of interest × (number of months ÷ total number of months in a year)

= $40,000 × 10% × (6 months ÷ 12 months)

= $2,000

The 6 months is calculated from June 30 to December 31.

So, the b option is correct and rest options are wrong.

6 0
3 years ago
A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary corr
dexar [7]

(310-130=180)

debit cash $180; credit Accounts Payable, $180

Hope this helped :) !

8 0
3 years ago
Read 2 more answers
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