Complete the sentence below by placing one of the following options in the space. a taxable person is ...
- the person or entity who has direct contract with the tax authority
- the person or entity who is responsible for completing the tax return
-the person or entity who is accountable for the tax payment
- the country whose tax laws apply to the entity
Complete the sentence below by placing one of the following options in the space. tax evasion is
- deferring tax payments
- delaying tax payments
- a legal way of avoiding paying taxes
- an illegal way of avoiding paying taxes
Developed countries generally use three tax bases one tax base widely used is income what is another widely used tax base?
- redemption
- profit
-earnings
- assets
- salary
Which of the following could be said to be a progressive tax ?
- corporate wealth tax at 2 % of total net asset up to R 10 million then at 0.5 % on net asset greater than R 10 million
-value added tax at a rate of 0% 10% or 15 % depending on the type of goods or services provided
- personal income tax of 10 % on earnings up to R10 000 then at 15 % from R10 001 up to R100 000 and 25 % over R 100 000
- property sales tax of 1 % of the selling price of all properties sold.
Answers
A taxable person is the person or entity who is accountable for the tax payment.
Tax evasion is an illegal way of avoiding paying taxes.
Developed countries generally use three tax bases one tax base widely used is income. Another widely used tax base is assets.
Personal income tax of 10 % on earnings up to R10 000 then at 15 % from R10 001 up to R100 000 and 25 % over R 100 000 could be said to be a progressive tax.
The following points can be derived from the given question: One tax base widely used is income. The taxable person is the person or entity who is accountable for the tax payment. Tax evasion is an illegal way of avoiding paying taxes. A progressive tax could be personal income tax of 10 % on earnings up to R10 000 then at 15 % from R10 001 up to R100 000 and 25 % over R 100 000.
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Related Questions
Gabrielle, a single taxpayer, absentmindedly forgot to file her 2021 tax return until June 1, 2022. Her additional tax liability was $1,200. Which of the following penalties might Gabrielle have to pay due to the late filing of her 2021 tax return? Failure-to-file penalty Failure-to-pay penalty Fraud penalty A) I and II B) I and III C) II only D) I, II, and III
Answers
Gabrielle might have to pay the failure-to-file penalty, failure-to-pay penalty, and fraud penalty due to the late filing of her 2021 tax return. The correct option is D.
1. Failure-to-file penalty: This penalty is imposed when a taxpayer fails to file their tax return by the due date. The penalty is calculated based on the amount of tax owed and the number of days the return is late. In Gabrielle's case, since she filed her return on June 1, 2022, she missed the deadline, and the failure-to-file penalty may apply.
2. Failure-to-pay penalty: This penalty is imposed when a taxpayer fails to pay the taxes owed by the due date, even if they filed their tax return on time. The penalty is calculated based on the amount of tax owed and the number of days the payment is late. In Gabrielle's case, she has an additional tax liability of $1,200, and if she didn't pay it by the due date, the failure-to-pay penalty may apply.
3. Fraud penalty: The fraud penalty is imposed when a taxpayer willfully attempts to evade paying taxes through fraudulent means. This penalty is typically much higher than the failure-to-file and failure-to-pay penalties. It is unlikely that Gabrielle would be subject to the fraud penalty based on the information given, as absentmindedly forgetting to file the tax return does not indicate willful evasion.
Therefore the correct option is D
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A variable can be called or referenced before it has been defined.
O True
O False
Answers
Answer:
True.
Explanation:
Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.
Answers
Answer:
Distinguish among different types of financial institutions.
Explanation:
If nominal gdp is $1,200 billion and, on average, each dollar is spent five times in the economy over a year, then the quantity of money demanded annually for transactions purposes will be.
Answers
The quantity of money demanded for transactions will be $6,000 if the conditions given above with respect to the nominal GDP are satisfied in an economic situation.
What is the significance of nominal GDP?One way to gauge an economy's health and well-being is to look at its gross domestic product. It is the total worth of all things and services produced over a specific time period less the value of those who worked on those goods and services. Nominal GDP is a measurement of economic output in an economy that takes into account current prices. It does not adjust for inflation or the rate of price increases, which can overstate the growth rate. The prices that were actually paid for all products and services in that year are the values used to calculate nominal GDP.
The quantity of money demanded annually for transactions can be computed using the given nominal GDP's information as under,
Quantity of Money Demanded = Nominal GDP x Dollar Spending
Quantity of Money Demanded = $1200 × 5
Quantity of Money Demanded = $6,000
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an equally weighted portfolio of five securities has a standard deviation of returns of 10%. the average standard deviation of returns of the five securities is 15%. if another security with a standard deviation of returns of 15% is added to the portfolio, and the weights are adjusted to restore equal weighting, the portfolio's diversification ratio is most likely to:
Answers
The weighted average of volatility divided by portfolio volatility is known as the diversification ratio.
Explain about the Portfolio's diversification?By diversifying your assets, it is one strategy to achieve risk and reward balance in your investing portfolio. Spreading your investments among many asset classes limits your exposure to any one asset type. This is known as diversification. Over time, this technique should assist in lowering the volatility of your portfolio.
Risk mitigation is the main goal of diversity. You reduce the likelihood that market shocks will have an identical impact on all of your investments by diversifying your investment across several asset classes, industries, or maturities.
How to manage portfolio risk is among the most crucial factors for investors to take into account. Building a portfolio with a variety of investments, each with a distinct predicted risk and return, is known as diversification.
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The picture is above, I’ll mark as brainliest
Answers
Answer:
c
i could not see the ful image until now srry
pls give brainliest i need for new rank
Explanation:
What is the lowest credit rating you can get and still be investment worthy?
A.)BBB-
B.)AAA+
C.)C-
Answers
Answer is A.!!!
"You can make the impossible, possible" -Ali
Which of the following has the purpose of identifying which concepts have the most promise and which should be abandoned?
A) Business analysis
B) Test marketing
C) Idea screening
D) Commercialization
E) Prototype development
Answers
The one that has the purpose of identifying which concepts have the most promise and which should be abandoned is option A. Business analysis
Why is Business Analysis important?Firstly, business analysis is a thorough study and description of business choices with the intent of explaining all it takes or involved in a particular business. The thorough examination of a particular business affords the would be business owner to weigh the pro and cons of a business in order to determine which is appropriate in the location of such individual and as a result, the inappropriate will be filtered. Another name for business analysis could be a feasibility study of a business.
Therefore, the correct answer is as given above
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Explain what certificates of deposit (CDs) and money market mutual funds are.
Answers
Explanation:
certificate of deposit CDs are saving accounts that earns interest and it's insured by the federal governmentit.It has higher rates and give no access to your money until a term ends. Funds get locked up for a set period of months or years, and withdrawing early typically results in a penalty, such as several months to a year’s worth of interest. Most often, CD rates are fixed.
Money market accounts are also savings account insured by the federal government they usually offer some access and rates comparable to regular savings accounts. You can withdraw money six times a month. They generally have larger minimum balances and sometimes offer checks. Money market account rates are subject to change over time.
If the manager of pep zone wants the probability of a stockout during replenishment lead-time to be no more than 05, what should the reorder point be?
Answers
The reorder point should be,
From the standard normal table, the indicated z score for the area of 0.0500 subtract from 1, and the indicative area of 0.9500 is 1.645.
x = μ+ (2xσ)
=15+ (1.645×6)
= 24.87
The reorder point should be 24.87
An economic order quantity should assist in identifying what will be the best most fulfilling order quantity at the business enterprise's lowest rate. Much like EOQ, the reorder point will recommend when to place an order for specific products based on their ancient call.
Small corporations can use the reorder point formulation to calculate when gadgets want to be replenished before their inventory ranges hit 0. Using this stock management device can help keep away from an unwanted out-of-stock message for your clients, that may frequently be disruptive to their purchasing experience.
The reorder point (ROP) is the minimal stock or inventory degree for a particular product that triggers the reordering of more inventory while reached. While calculating the reorder points for special SKUs, the lead time it's going to take to refill inventory is factored in to ensure inventory tiers don't attain 0.
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Consider the following cases to figure out which one of the following variables causes the short-run aggregate supply curve to shift, and identify whether an increase in that variable will cause the short-run aggregate supply curve to shift to the right or to the left. O The SRAS curve will shift to the right if there is an increase in the labor force or capital accumulation O The SRAS curve will shift to the right if there is an increase in productivity O The SRAS curve will shift to the right if there is a technological change O The SRAS curve will shift to the left if there is an increase in the expected price of an important natural resource O The SRAS curve will shift to the left if there is an increase in the adjustment of workers' and firms' prior underestimation of the price level O The SRAS curve will shift to the left if there is an increase in wage rigidity a slow adjustment in input prices an increase in expected future prices
Answers
The Short-Run Aggregate Supply (SRAS) curve will shift due to various factors. Here are the scenarios:
1. The SRAS curve will shift to the right if there is an increase in the labor force or capital accumulation. More labor and capital lead to higher production levels, thus increasing SRAS.
2. The SRAS curve will also shift to the right if there is an increase in productivity. Higher productivity means more output with the same input, leading to a greater supply.
3. The SRAS curve will shift to the right if there is a technological change. Improved technology boosts efficiency and production, resulting in an increase in SRAS.
4. The SRAS curve will shift to the left if there is an increase in the expected price of an important natural resource. Higher input prices lead to higher production costs, reducing SRAS.
5. The SRAS curve will shift to the left if there is an increase in the adjustment of workers' and firms' prior underestimation of the price level. This would lead to higher wage demands, increasing production costs and reducing SRAS.
6. The SRAS curve will shift to the left if there is an increase in wage rigidity, slow adjustment in input prices, or an increase in expected future prices. These factors result in higher production costs and decreased short-run aggregate supply.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Labeling and Classifying Business Transactions [LO 1-2] The following items relate to business transactions involving K-Swiss Inc. Required: 1. &2. Select an appropriate label (account name) for each item as it would be reported in the company's financial statements and select each item as an asset (A), liability (L), stockholders' equity (SE) revenue (R), or expense (E). Label Type a. Coins and currency
Answers
Cash is the account name is Asset (A), Account Name: Revenue from Sales Type: Revenue (R)
Revenue is often used to refer to the entire amount of money a company makes through the sale of goods or services necessary to run its business. Sales revenue is money made over a period of time through the sale of products or services.
A government's money from tax payers is known as tax revenue. A charity's money from donors and other sources used to pursue its charitable objectives is known as fundraising revenue.
In a more formal context, revenue refers to a computation or estimation of periodic income that is based on a certain standard accounting procedure or the regulations set out by a government or government agency.
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Microchip-X is a company that specializes in producing microchips. It sells these microchips to high-tech manufacturers of electronic control devices. The cost of producing a microchip is $30, Microchip-X can sell the chips to other high-tech manufacturers for $55. Microchip-X can produce, at most, 1 million microchips each year.
Suppose now that the workers' unions of many of the key high-tech manufacturers of electronic control devices (Microchip-X's customers) go on strike. Under these new market conditions, Microchip-X receives outside orders of only 800,000 units from the high-tech manufacturers (at the same price of $55), and so it has some idle capacity.
As a result, the company is considering producing a certain electronic control device by itself. Producing each control device involves putting in two microchips plus an additional $50 in labor costs. To open this new product line, Microchip-X must rent a new plant, which costs $2 million each year. It also needs to borrow $20 million as working capital (the annual interest rate is 5%). The company can sell each control device for $150.
a. Suppose that Microchip-X can now decline some outside orders of microchips if it wants to produce more electronic control devices by itself. What is the cost of producing an additional electronic control device if Microchip-X uses more microchips than its 200,000-unit unused capacity? Should Microchip-X decline any outside orders?
Answers
If Microchip-X uses more than its 200,000-unit unused capacity, the cost of producing an additional electronic control device will be $110. This is calculated by adding the cost of two microchips ($30 x 2 = $60) and the additional labor cost ($50) for a total cost of $110 per control device.
To determine whether Microchip-X should decline any outside orders, the company needs to consider the potential revenue it would generate from producing and selling electronic control devices compared to the revenue it would earn from selling microchips to high-tech manufacturers.
If the revenue from producing and selling electronic control devices is greater than the revenue from selling microchips, then it would make sense for Microchip-X to decline some outside orders and produce more control devices.
However, if the revenue from selling microchips is greater, then it would be more profitable for the company to focus on selling microchips instead of producing electronic control devices. Ultimately, Microchip-X needs to weigh the potential costs and benefits of each option before making a decision.
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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be
most helpful?
A. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement
Please select the best answer from the choices provided
Answers
Answer:
D: Cash flow statement
Explanation:
A financial statement known as a cash flow statement tracks and compilesto track and compile the amount of liquid assets (cash and cash equivalents) coming into and going out of a corporate entity.
The net amount of cash and cash equivalents moving into (received) and out (given) of a business is known as cash flow. The cash flow consists of three parts;
1. Operating cash flow is the total amount of money that a corporation generates from its operations.
2. Financing cash flow: all of an organization's payments and revenue from the sale of debt and equity.
3. Investing cash flow includes expenses related to capital asset purchases and cash resource investments in other firms.
Consequently, if you want to ensure that a business has adequate financial statements that would be most useful because it assesses how well the business is performing financially in terms of generating revenue to pay its debts and expenses.
In the context of a fixed-order-quantity system, stockouts occur whenever the lead-time demand____a. exceeds the reorder point b. exceeds the work-in-process inventory c. becomes equal to the finished-goods inventory d. becomes equal to the break-even point
Answers
In conclusion, in the context of a fixed-order-quantity system, stockouts occur when the lead-time demand exceeds the reorder point, the work-in-process inventory is exceeded, the finished-goods inventory is equal to the demand, and the break-even point is equal to the demand.
In the context of a fixed-order-quantity system, stockouts occur whenever the lead-time demand exceeds the reorder point. The reorder point is the predetermined level of inventory when the company needs to order more inventory to meet customer demand. When the lead-time demand surpasses the reorder point, a stockout is likely to occur.
The lead-time demand is the amount of inventory needed over a specific time period, usually over a few months. If the demand is greater than the reorder point, it means that the company will not have enough inventory to meet customer demand. To prevent a stockout from occurring, the company must set a reorder point that is high enough to meet the lead-time demand.
In addition to the lead-time demand exceeding the reorder point, a stockout can occur when the work-in-process inventory is exceeded. This inventory is the amount of raw materials or components needed to create a finished product. If there is a high demand for the product, the work-in-process inventory can be quickly exhausted, leading to a stockout.
Stockouts can also occur when the finished-goods inventory is equal to the demand. This occurs when the demand is so high that the company runs out of the finished product before they can restock. Lastly, stockouts can occur when the break-even point is equal to the demand. The break-even point is the point at which the company is not making a profit or a loss and a stockout can cause a business to experience a loss.
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A record of income and expenditures for a given period of time is called a/an:
Interest
Budget
Credit
Investment
Answers
A record of income and expenditures for a given period of time is called a BUDGET.
the difference between the interest a bank earns on loans and securities and the interest paid on deposits and debt divided by the total value of its assets is called question content area bottom part 1 a. return on assets. b. return on equity. c. net interest margin. d. interest spread.
Answers
The difference between the interest a bank earns on loans and securities and the interest paid on deposits and debt divided by the total value of its assets is called question content area bottom net interest margin. Therefore the correct option is option c.
The difference between the interest received on loans and securities and the interest paid on deposits and debt, divided by the entire value of the bank's assets, is the net interest margin, which is used to gauge a bank's profitability.
It depicts both the bank's cost of funding those assets and its capacity to generate interest income from those assets.
A financial statistic called return on assets (ROA) assesses a company's profitability by comparing its net income to its total assets. It does not specifically concern earnings or spending on interest. Therefore the correct option is option c.
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Jason is an ancient history lover. He wants to share his knowledge on social media, but he does not think that video platform will work well since he cannot afford to travel to many of the places that have the ruins he wants to share information about. What would be the best social media platform to provide information show pictures of these places?
Answers
The best social media platform where Jason can share his knowledge and provide information and show pictures of these places is where common people and his friends near and all over can connect with him and can be friends with him on that networking site.
What is social media?Social media refers to the means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks. We offer an array of tools, including one-on-one consults with schools, departments and offices looking to form or maintain an existing social media presence to discuss social media goals and strategy, as well as offer insights and ideas.
Before creating any social media account, we must submit the Account Request Form.
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How can being smart, kind and generous make you a better person? Click to add to
Answers
Answer:
it will help you in life
Explanation:
when your kind and generous you can get a better job and to help you make friends and also you can be smart because you can apply to be a teacher or a tutor to help others
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calculate the price elasticity of demand.
Answers
Answer:
PED = -0.4 or |0.4| in absolute terms
Explanation:
price elasticity of demand (PED) = % change in quantity demanded / % change in price
% change in quantity demanded = [(30 - 50) / 50] x 100 = -40%% change in price = [($24 - $12) / $12] x 100 = 100%PED = -40% / 100% = -0.4 or |0.4| in absolute terms
the demand is price inelastic since |0.4| < 1
this means that the change in quantity demanded is proportionally less than the change in price.
Why are decisions involving the environment difficult to make?
Answers
Answer:
its like a domino effect, (you) make a choice to help one biome, that can strongly effect the animals within that habital, wheter its good or bad. like, for example, x animal is going extenict, so there is mass breeding of that animal; which leads to a huge shortage of producers and whatever is below that animal in the food chain, ultimitly causing more harm.
Explanation:
Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition
Answers
Answer:
I think it should be D keep checking just in case
How might a customer react to a salesperson's
weak handshake?
Answers
Answer:
I think the customer will get upset.
The customer will think the salesperson is not ready to attend to him.
Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answers
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
Factors that decrease the demand for bonds include.
Answers
A factor that will decrease the demand for bonds is a decrease in the riskiness of stocks.
What are bonds?A bond is a debt instrument used by companies to raise capital. Bondholders are paid interest at regular intervals at a predetermined rate.
Stocks offer a higher rate of return than bonds but stocks are usually more risky. If the riskiness of stocks decline, the demand for stocks will increase and the demand for bonds will decrease.
Here are the options:
A) an increase in the volatility of stock prices.
B) a decrease in the expected returns on stocks.
C) a decrease in the inflation rate.
D) a decrease in the riskiness of stocks.
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evaluate three ways in which employment will minimize emotional stress
Answers
Answer:
Employment allows you to provide for yourself and your family. With employment, you are likely to have your basic necessities covered, like food, utilities and housing.
Employment makes you feel useful in some way, makes you feel as a contributing member of society, a feeling that helps you increase your feelings of self-worth.
Finally, employment helps you plan ahead for the future. If the employment pays well, or if you manage to spend less than you earn, employment allows you to save money, which is the first step in building a personal equity.
The ways in which employment minimizes emotional stress include:
An employment provides a means of socialisation. This would reduce isolation. An employment is a source of income. This allows people to be able to afford luxuries that would reduce emotional stress. Employment reduces idleness. What is employment?Employment refers to when members of the labor force have a job for which they receive some form of compensation.
Nothing can stay the same
It's growing pains
Be proud of all your scars they make you who you are
I know you have to go but I'll never really leave you
Even though things changed, nothing has to change
You can find me in the space between where to worlds come to meet
I'll never be out of reach, cuz your a part of me so you can find me in the space between
You'll never be alone no matter where you go...
Answers
Answer:
:-) -,-
Explanation:
thanks thanks appreciate it
Answer:
we'll do it here
Explanation: