1. The size of the market mostly
a. increases due to the taxes.
b. decreases due to the taxes.
c. may increase or decrease depending on the size of the
tax.
d. will have no impact on the market.
2. Tax burden
a. falls equally on the buyers and sellers.
b. falls more on buyers than sellers.
c. falls more on sellers than buyers.
d. is shared by buyers and sellers based on the elasticity.
3. Taxes makes
a. makes...
What are corporate taxes for? Who benefits? Who "wins" when taxes
are raised? Who "wins" when taxes are lowered? Do you believe there
is a "fair share" of taxes owed by multi-national corporations? To
whom? How will it be extracted? How will it be audited?
1. If the balance of taxes due as shown on form 941 is less than
_____ , the balance may be paid with the return as opposed to
depositing the taxes :a. $100b.$500c.$1000d.$25002.when one of the digits in an input code is considered to be a
check digist, ita. must always be placed at the beigining of the input
sequenceb. must always be placed at the end of the input sequencec. must always be consistently placedd. they can be used...
(Business Law)...Since many people refer to general partnerships
usually as “partnerships” rather than as “general partnerships”
should the legal name be changed and that anyone forming a general
partnership should be required to use the full name “general
partnership’? Discuss your opinion of this and support your opinion
with some research.
With regards to critical infrastructure and partnerships the
term “P3” refers to Public Private Partnership. When working with
the public, there is a balancing point that must occur in four key
areas in order for P3 to work. List and explain two of the four key
areas.
Summarize with at least 5 sentences the statute of limitations
for unpaid taxes due to lateness, arithmetic error and fraud. What
are the fines assessed for noncompliance? When do fines get so
excessive that it requires a hearing in Tax Court?
QUESTION 1
When modeling the economy net taxes is equal to the taxes paid
by individuals less transfer payments. Which of the following
represent an example(s) of transfer payments.
Government purchases
Income taxes
Property taxes
Social Security retirement payment
QUESTION 2
When modeling the flow of income and expenditures in an economy
the two principal participants are households (consumers) and firms
(producers). The normal flow of resources would be that
a firm would produce goods and services and the households would...
16. Which of the following statements about partnerships are
true?
A.
Partnerships afford their owners a liability shield against
claims from third parties.
B.
For tax purposes, partnerships are pass through entities.
C.
Absent an agreement to the contrary partnerships do not survive
the death of one of the partners.
D.
Partnerships are relatively easy to form.
17.The Securities and Exchange Commission holds primary
responsibility for which of the following. Check all that
apply.
A.
Determining the offering price for...
Partnerships and C-Corporations are both entity choices a
taxpayer has when deciding how to form their business. Identify and
explain some of the similarities and differences between the
entities
a. Identify and explain some of the similarities and differences
between the entities in how the net income is taxed at both the
entity and the owner level.
b. Identify and explain some of the similarities and differences
between the entities in how liquidating distributions are taxed at
both the entity...