Financial thought turned to the theory of social solidarity - due to the failure of the social contract theory to form an acceptable argument regarding the legal basis for tax. correct 0 Error
Q: Whichofthefollowingstatementsis(are)correct?
A: A tax system is the system which has been put in place by the government in the country to collect…
Q: Which is an incorrect statement regarding taxes? * a. Taxes are necessary for the continued…
A: Taxes are the compulsory fees or financial charge imposed by the government on the taxpayers.
Q: Which of the following might discourage covered interest arbitrage even if interest rate parity does…
A: In a Covered interest rate arbitrage one uses favorable interest rate differentials to invest in a…
Q: True or false is regulatory tax is intended to achieve some social or economic end?
A: Regulatory tax: Regulatory taxes are the charge or levy of taxes by the government on the general…
Q: Which of the following is a characteristic of tax? b. a. The amount to be collected is limited to…
A: Here discuss about the details of the characteristic of the taxes as well. There are some district…
Q: 2. How to do the personnel income tax and corporate tax cause economic double taxation? How to do…
A: Please find the answer to the above question below:
Q: Whilst searching for related literatures for her thesis study, Jackie found a tax law which provides…
A: The answer is stated below:
Q: a. The purpose meaning, it may be used to make up for the benefit receiv . Taxes may be imposed for…
A: Tax refers to the financial or necessary obligation which is imposed on the people of country or…
Q: Analysts should treat deferred tax liabilities that are expected to reverse as:A . equity.B .…
A: Option (B)is correct.
Q: Adopting wrongful means to show less profit to avoid tax is part of : a. Tax evasion b. Tax planning…
A: Tax is being the compulsory payment that is to be made to the government by the corporations,…
Q: In the case of income tax there are high tapayer costs but low government costs True False Question…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Which of the following is not an income for income tax purposes?
A: Assuming the question related to tax in Phillipines ---…
Q: 1. Which of the following is not considered a purpose of taxation? a. To regulate inflation b. To…
A: Hi student Since there are multiple questions, we will answer only first question. Taxes are the…
Q: The Federal Trade Commission (FTC) brings a deceptive trade practice action against Beneficial…
A: The slogan “Instant tax refund” is highly misleading. When the financial product of Beneficial’s…
Q: Suppose the Tax Code is "Percetage Tax - 3% of Sales", the presented income statement is correct.…
A: False, with regard to date, since December 31, 2022 has not yet arrived, so income statement upto…
Q: Regarding taxpayers having a tough time of volume of tax regulations. What does the concept…
A: Substance over form: It is an accounting concept, which means that the business must record those…
Q: False Tax policies can be defined as Government's attitudes, objectives and actions with respects to…
A: The number of questions which has been asked is the four question which are multiple choice…
Q: Which of the following statements is NOT true? A) A progressive tax system should increase the…
A: The progressive tax system is the tax system where the income of the people is taxed according to…
Q: explain what a growing balance in the deffered income tax liability is likely to indicate about a…
A: This question deals with the IFRS 12 "Deferred tax" As per IFRS, When there is temporary taxable…
Q: It is the tax legislator who determines the value of the offer true Error 0
A: Value is determined as per law rules and regulations
Q: Taxes result in an excess burden or welfare loss, but government subsidies always result in a…
A:
Q: Тах potentially abusive of the spirit of the Income Tax Act. occurs when taxpayers legally apply tax…
A: Income tax is the legal obligation of taxpayers towards the tax authorities. It is levied on income…
Q: The Modified Accelerated Cost Recovery System (MACRS) is part of the U.S. federal income tax laws…
A: MACRS stands for Modified Accelerated Cost Recovery System. For the purpose of tax, MACRS…
Q: To assess the tax repercussions, it is crucial to comprehend the type of perks that a firm provides…
A: Benefits provided by employers: when an employee works for a company, then every employer has to…
Q: fiscal
A: Introduction: Tax can be defined as mandatory levy by the government on the citizens of the country.…
Q: TRUE OR FALSE? 1st statement: MCIT will be imposed if the company's business operation resulted in…
A:
Q: Some accountants believe that deferred taxes should not be recognized for certain temporary…
A: The Difference between the amount of expenses and income that are Considered in Books of Account…
Q: Questions: 1) Is the proposed sin tax progressive or regressive? Who will be burdened most? Why? 2)…
A: Sin Taxes The applicability of sin taxes mainly incurred for the harmful product in the society as…
Q: Which of the following statements is/are correct criteria of the good tax? a. Good taxation should…
A: Fairness, sufficiency, simplicity, transparency, and administrative convenience are the five…
Q: Some accountants believe that deferred taxes should not be recognized for certain temporary…
A: (Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Discuss the MODIGLIANI AND MILLER (MM) propositions I and II in a no-tax world. Then, discuss MM…
A: Modigliani and Miller Theorem was proposed by F. Modigliani and M. Miller in 1958, while both of…
Q: Tax deductions differ from tax credits because: A. deductions affect relative prices, credits do…
A: Tax Deduction:-Tax Deduction means when there is subtraction in the taxable income of a person under…
Q: Sale of goods or services by any person or entity may result to the payment of income tax.
A: Option a is wrong because sale of goods or services itself does not result in the payment of income…
Q: (1) Do you agree that giving companies tax breaks forcharitable contributions distorts public…
A: Tax break refers to the method which results in decrease to the tax liability of the taxpayers and…
Q: Which of the following is not considered a purpose of taxation? A. To regulate B. To make the…
A: Tax means the mandatory payment made by tax payer to the government without expecting anything…
Q: hich is not a requisite for deductibility in general? Group of answer choices subjected to withh
A: Deductible expenses are expenses a company can subtract from its income before it is subject to…
Q: How is a business activity distinguished from an investment activity? why is this distinction…
A:
Q: The form of employees compensation ir relevant to tax deductibility of the firm true? or false?
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Taxpayers are having a difficult time due to the large number of tax rules in place. To put it…
A: Introduction: Substance over form: It is an accounting concept, which says that the company must…
Q: Please answer with valid reason True or False In general Before Tax IRR should be lower than…
A: IRR :— Internal rate of return is the rate of Discount at which the sum of Discounted cash Inflow…
Q: You and Jackie are arguing whether tax laws can be retroactive in its application. Jackie noted that…
A: Each tax laws framed under mischief Rules, There are several mischief rules to interpreted, - Tax…
Q: Does the concept of a progressive (and fair) tax system become undermined by the ability to tweak…
A: Progressive tax system The concept of progressive tax system is simple to collect more taxes from…
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- 1. What is the effect of financial distress and taxation on gearing? A. Both constrain gearing B. The tax constrains gearing; financial distress pushes for increased gearing C. The tax pushes for increased gearing; financial distress constrains gearing D. Both push for increased gearingTax experts believes that tax planning tools puts the control of when to pay in the hands of taxpayers which makes tax cost minimal. Explain the above statement in terms of income tax planning maxims.1. If there is a conflict between a BIR Ruling and a Revenue Memorandum Ruling, which will prevail? 2.Which tax system impacts more on the rich people, and why does it impacts them more?
- Tax deductions differ from tax credits because: A. deductions affect relative prices, credits do not B. credits cost more to the federal treasury than deductions. C. credits are designed to help the wealthiest tax payers. D. All of the above1. What do you mean by preference capital ? 2. What do you mean by fair value ? 3. What do you mean by the secondary market? 4. Hat do you mean by deferred tax liability ?When a government lowers taxes it is employing ________. A) fiscal policy B) monetary policy C) domestic policy D) the law of one price
- It is talking about "Hong Kong Tax system, tax planning, type I service company, disguised employment relationship", can you explain these two slides? What is condition and what is effect? And if the service fee is chrageable to salaries tax and profit tax? As these two slides have some contradiction between if it is chargeable to salaries and profit tax. Or I interpreted it wrongly.How is a business activity distinguished from an investment activity? why is this distinction important for the purpose of calculating federal income taxes? What types of losses may potentially be characterized as passive losses?(1) Do you agree that giving companies tax breaks forcharitable contributions distorts public spending byindirectly giving companies and activists control overhow tax revenues are spent? Why or why not? (2) IfCompany A takes a cynical approach to CSR andCompany B takes a proactive approach, but theymake identical contributions to society, is onecompany “better” than the other? Why or why not?
- Please give me answers I will give you like sure Please include references: Justify the use of taxpayer resources to correct externalities and other market failures..Please answer with valid reason True or False In general Before Tax IRR should be lower than After Tax IRR. (T/F)Explain the significance of Lucas v. Earl and Helvering v. Horst. C O A. Lucas v. Earl, the Supreme Court held that earnings from labor are taxed to the person who performs the services rather than the person who receives the income. In Helvering v. Horst, the Supreme Court held that income from property is taxed to the person who owns the property rather than the person who receives the income. One cannot assign income by arranging to have payment made to another person. O B. Lucas v. Earl, the Supreme Court held that income from property is taxed to the person who owns the property rather than the person who receives the income. Helvering v. Horst, the Supreme Court held that earnings from labor are taxed to the person who performs the services rather than the person who receives the income. OC. Helvering v. Horst, the Supreme Court held that earnings from labor are taxed to the person who performs the services rather than the person who receives the income. Lucas v. Earl, the…