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State whether each of the following payments is a tax. Explain your answers.
a. To incorporate his business, Alex pays the state of Texas a $2,000 incorporation fee.
b. The city paves a road and assesses each property owner on the road $4,000 for his or her share of the cost.
c. The city of Asheville charges each residence in the city $10 per month to pick up the trash.
d. Rory pays $450 of income tax to the state of California.
e. Lanny is fined $45 for exceeding the speed limit.
you are provided with the following information for merrell enterprises effective as of its april 30 2012 year-end.
The allowance for rejects is 0.11 kilogram of this input for each unit of output. The standard quantity in kilograms of this input per unit of output should be:
Opened a bank account in the name of Hair It Is and deposited $20,000 of her own money in this account as her initial investment and purchased equipment on account (to be paid in 30 days) for a total cost of $4,800.
Discuss which rate is actually the cheapest rate. What are three common mistakes most homebuyers make when looking at quoted mortgage rates?
Datamix, a U. S. corporation with customers in several foreign countries, had the following selected trans actions for 2013 and 2014.2013
Peterson Company has two service departments
The tax law provides very favorable tax treatment for long term capital gains. First, explain what that favorable treatment is. Second, why? Why does the tax law provide favorable treatment for long term capital gains? Do you agree that they shoul..
Consider an artifact that is prominently displayed by a friend or co-worker - either at home or in some other space. In 1-2 paragraphs, explain how this artifact has influenced your interpretation of this person's identity - Explain how artifact h..
The technology auditor for a medium size online retailer who has grown rapidly and has developed all the applications for order processing internally.
1.In 2013, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs of $600,000 were incurred to develop the mine. Geologists estimated that 400,000 tons of ore would be extracted.
1.Lasure, Ramirez, and Toney, who share income and loss in a 2:1:2 ratio, plan to liquidate their partnership. At liquidation, their balance sheet appears as follows.
Variable selling and administrative expenses are $1 per unit, and fixed selling and administrative costs are $3,000 in total. According to generally accepted accounting principles, inventoriable cost per unit of Big would be:
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