Lesson 21. What is a tax?
2. What is the Internal Revenue Service?
3. What is the capital gains tax?
4. Give at least two examples of types of state taxes.
5. What is a pay stub?
Answers
Answer:
1) Taxes are compulsory financial charges levied upon taxpayers by government entities in order to fund their activities.
2) The IRS is the government agency responsible for collecting federal taxes and enforcing federal tax law.
3) Capital gains taxes are taxes levied upon the profit resulting from the sale of non inventory assets (e.g. land, house, stocks, etc.)
4) Two examples of state taxes are: corporate state taxes and real property taxes.
5) A pay stub or a pay slip is a document that itemizes what an employer pays to its employee. It includes the salary minus the deductions made.
Related Questions
im was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting a thorough investigation, he went and gave all the details to a local newspaper agency. The next day Jim read his own story, with his own name, in the newspaper. Which of the following is correct
Although __________________ costs are important in management decision making, they are difficult to trace to a particular product. Group of answer choices Direct Material Direct Labor Overhead None of the cost above are important
___________ is the management function of creating a vision for the organization and guiding, training, coaching, and motivating employees to help achieve the goals and objectives of the organization.
A legitimate commercial program should provide information in regard to all of the following except ___________.Select one: a. staff training and education b. the risks of their products or program c. program outcomes d. personal testimonials
Answers
Answers
Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable -500 0 0
Total Impact 0 0 0
Answers
Answer:
1.52%
Explanation:
Using the formula;
Fees + Interest / Principal / n X 365
where:
Interest= Total interest paid over life of the loan = 20%
Principal=Loan amount = $20,000
n=Number of days in loan term = 48 months
The APR= $4000 (20% of $20,000) / $20,000 / 48 X 365
= 1.52%
Therefore the annual percentage rate is 1.5%.
Answer:
4.92%
Explanation:
The APR for the automobile =
Finance charge = Total monthly payments - Amount financed
Amount financed = Cash/loan value - down payment
loan value = $20000
down payment = 20% of $20000 = $4000
therefore Amount financed = $20000 - $4000 = $16000
Total monthly payments = $367.74 * 48 = $17651.52
Finance charge = $17651.52 - $16000 = $1651.52
therefore APR = (1651.52 / 16000) * 100 = 10.32
from the Table look up factor APR having a factor of 10.32 for 48 months installments will be 4.92%
B. older than 65
C. children between the ages of 5 and 10
D. of the child-bearing age
Answers
Answer:
The answer is older than 65
Explanation:
gradpoint
Answers
Answer:
The correct answer is option E.
Explanation:
Technological change implies a change in the level of technology. It can be both positive as well as negative. Positive technological change is called improvement or up-gradation in technology.
Technological improvement will help to produce the same level of output using fewer inputs or to produce more output using the same inputs.
A negative change in technology is called degradation in technology. It will cause a decline in the quantity of output that can be produced from a given quantity of inputs.
Final answer:
Technological change, being able to produce the same output using fewer inputs and producing more output using the same inputs, is best represented by both options A and B.
Explanation:
An example of technological change is indeed both A. being able to produce the same output using fewer inputs, and B. being able to produce more output using the same inputs. Technological change refers to the process by which businesses evolve their production processes via the application of technology. This might mean using an upgraded software to automate data entry, hence saving inputs, or leveraging a new machinery that increases the volume of output without requiring more inputs. Therefore, the correct answer is D. Both A and B.
Learn more about technological change here:
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