While competitiveness with other countries, particularly the united states, is an objective of the Canadian tax system, it must be balanced against these other qualitative characteristics to ensure fairness, simplicity, efficiency, certainty, and adequacy are maintained.
The statement acknowledges that one objective of the canadian tax system is to be competitive with the tax systems of its trading partners, particularly the united states. the u.s. tax system is often considered to have lower tax rates for both individuals and corporations compared to canada. this competitiveness objective aims to attract businesses, investment, and skilled individuals to canada by ensuring that its tax rates are not significantly higher than those of its trading partners.
however, the statement also recognizes that this objective can conflict with other objectives of the tax system. tax systems are designed to achieve a variety of qualitative characteristics that go beyond mere competitiveness. these characteristics include equity, simplicity, efficiency, certainty, and adequacy.
1. equity: tax systems aim to distribute the tax burden fairly among individuals and businesses based on their ability to pay. lowering tax rates to match those of other countries, without considering the fairness of the distribution, can lead to inequities if the burden is shifted disproportionately onto certain segments of the population or businesses.
2. simplicity: tax systems should be easy to understand and comply with. when attempting to be competitive with other countries, there is a risk of introducing complexities such as special tax incentives or exemptions to attract investment. these complexities can make the tax system more convoluted and burdensome for taxpayers.
3. efficiency: an efficient tax system minimizes administrative and compliance costs while achieving its revenue objectives. the pursuit of competitiveness may require introducing additional tax incentives or exemptions, which can increase administrative complexities and create loopholes that reduce the efficiency of the system.
4. certainty: taxpayers should have a reasonable level of predictability and certainty regarding their tax obligations. frequent changes to tax rates and rules in response to competitiveness concerns can undermine this certainty, making tax planning and compliance more challenging for individuals and businesses.
5. adequacy: tax systems should generate sufficient revenue to fund public expenditures and services. lowering tax rates to match those of other countries without considering the impact on revenue generation can compromise the adequacy of the tax system, potentially leading to funding shortfalls for essential public services and investments. striking the right balance requires careful consideration and evaluation of the overall impact on the economy, taxpayers, and the government's fiscal position.
Learn more about economy here:
https://brainly.com/question/30131108
#SPJ11
In Year 1, Kane's residence had an adjusted basis of $250,000 and it was destroyed by a tornado (in a federally declared disaster area). An appraiser valued the decline in market value at $425,000. Later that same year, Kane received $200,000 from his insurance company for the property loss and did not elect to deduct the casualty loss in an earlier year. Kane's Year 1 adjusted gross income was $100,000. What total amount can Kane deduct as a Year 1 itemized deduction for casualty loss, after applying any limitations?
Answer:
The total amount that Kane can deduct as a Year 1 itemized deduction for casualty loss is $39,900.
Explanation:
According to the Internal Revenue Service (IRS), Disaster Area Losses in a federally declared disaster refers the occurrence of a disaster in an area that the President has declared to be eligible to enjoy federal assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.
Since Kane's residence falls into the category of personal-use property or it is not totally destroyed, the amount of loss of the property is the lesser of the adjusted basis of the residence, $250,000, and the decline in market value determined by the appraiser, $425,000. Based on this, the amount of loss of the residence is $250,000.
The total amount that Kane can deduct as a Year 1 itemized deduction for casualty loss can therefore therefore be calculated as follows:
Particulars Amount ($)
Loss amount 250,000
Amount from insurance (200,000)
Loss of the Taxpayer's 50,000
Deduct $100 (100)
Eligible Loss 49,900
Limitation of 10% annual gross income (10,000)
Loss to be deducted 39,900
Therefore, the total amount that Kane can deduct as a Year 1 itemized deduction for casualty loss is $39,900.
Employer payroll taxes are used to fund
O A. educational systems
B. disability programs
O C. national defense
O D. public works
Answer:
B Disability programs
Explanation:
government uses this tax to pay for programs like social security and health programs like disability programs.
question 3 what is the term for a set of guiding principles and processes for owning a project through its life cycle?
Project management methodology is the term for a set of guiding principles and processes for owning a project through its life cycle.
The Project management is the management of the process of the work and achieve the project goal within the given internal of time period. The Project management is ususally escribed in the project documentation format and it is created at the begining of the development process.
The Project management methodology primary restriction is the time, value of money or budget and the scope which is used to set of guiding principles and processes for owning of the project through its life cycle.
To know more about Project management here,
https://brainly.com/question/28458561
#SPJ4
How many milliliters are in 1 quart?
if the gross domestic product is below the natural rate, then the price level will fall in the long run. this will cause the lm curve to shift and the gross domestic product to .
If the gross domestic product is below the natural rate, then the price level will fall in the long run. This will cause the LM curve to shift and the gross domestic product to increase.
Gross Domestic Product (GDP) is a measure of a country's economic output. It is calculated by adding up the total value of all goods and services produced within a country's borders over a specified period of time. GDP is an important indicator of the health of a country's economy. Inflation and deflation both have a significant impact on GDP.
Price level: Price level is the average level of prices in an economy. It is often used to measure inflation, which is a rise in the overall level of prices in an economy. If the price level is rising, it means that the cost of goods and services is increasing. Conversely, if the price level is falling, it means that the cost of goods and services is decreasing.
LM Curve: The LM curve represents the relationship between interest rates and GDP. It is used to illustrate how changes in the money supply affect interest rates and, in turn, GDP. If the money supply increases, it lowers interest rates and increases GDP. If the money supply decreases, it raises interest rates and decreases GDP. If the GDP is below the natural rate, it means that the economy is not producing as much as it could be. This can lead to a decrease in the price level in the long run. A fall in the price level causes the LM curve to shift to the right. As a result, interest rates decrease, which increases investment and consumption, ultimately leading to an increase in GDP.
To know more about LM curve, visit: https://brainly.com/question/27992324
#SPJ11
As a sales technique, the customer relationship management (CRM) database
can be created in person or online through professional sites such as LinkedIn™
collects personal customer information after a customer has purchased a product or service
is completed by customers before they can access an online website offer or information
encourages a customer buy a better version of the product they were already planning to buy
As a sales technique, the customer relationship management (CRM) database:- collects personal customer information after a customer has purchased a product or service.
The customer relationship management (CRM) database is a tool used by sales and marketing teams to manage and analyze customer interactions and data throughout the customer lifecycle. It is commonly used to track customer information, such as purchase history, contact information, and preferences, in order to better understand and serve customers.
Option B is the correct answer because a CRM database collects personal customer information after a customer has purchased a product or service. This information is often obtained through customer surveys, loyalty programs, or feedback forms. By collecting this information, businesses can create targeted marketing campaigns which are run by marketing teams , personalize customer interactions, and improve customer satisfaction.
To know more about CRM, click here:
https://brainly.com/question/21299183
#SPJ1
Which of the following made the building of the first skyscrapers possible
A.Elevator
B.Light timber frame forms
C.Internal combustion engine
D. Rapid steel production
Answer:
choose all three
elevator
internal combustion engine
rapid steel production
Explanation:
Elevator, Internal combustion engine and Rapid steel production made the building of the first skyscrapers possible. Hence, option A, C and D are correct.
What is Elevator?An elevator, often called a lift, is a vehicle that goes in a vertical shaft to carry passengers or goods between floors of a multistory building. With the aid of a counterweight, the majority of modern elevators are propelled by electric motors through a system of cables and sheaves.
The four fundamental types of elevators are hydraulic, traction, machine-room-free, and vacuum. The fundamental distinction between these two words can be seen in the accents in which they are used; for instance, "lift" is used with a British accent whereas "elevator" is used in an American one.
Elevators or lifts carry people and cargo up and down, while escalators act as moving staircases from one story of a structure to another. Moving walkways transport people horizontally or at a slight slope.
Thus, option A, C and D are correct.
For more information about Elevator, click here:
https://brainly.com/question/29477960
#SPJ5
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
_______________________ selling involves contact with retail customers and other businesses.
"Business-to-business (B2B)" selling involves contact with retail customers and other businesses.
Business-to-business (B2B) selling refers to the process of selling products or services from one business to another. In this type of selling, the focus is on building relationships and conducting transactions with other businesses rather than individual retail customers.
B2B selling can take place in various industries and sectors, including wholesale, manufacturing, technology, and professional services. When engaging in B2B selling, companies typically target other businesses as their customers.
The sales process may involve direct communication and negotiation with decision-makers, procurement managers, or other relevant stakeholders within the business.
The products or services being sold may be used as raw materials, components, or finished goods in the purchasing company's own operations or for resale to their own customers.
B2B selling often requires a tailored approach to meet the specific needs and requirements of the business customers. It may involve complex sales cycles, contract negotiations, and ongoing customer support.
Learn more about Business-to-business selling here:
https://brainly.com/question/33567420
#SPJ11
1. Contrast traditional economies, command economies, and economies.
2. Explain gross domestic product (GDP).
3. Assess the importance and effects of globalization.
Answer:
1. A traditional economy is a system that relies on customs, history, and time-honored beliefs.2 A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic decisions.
2. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.
3. Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
Does the United States have a crime "problem" compared to other advanced and industrialized nations? Why or why not?
Why are the definitions of crime and criminal behavior critically important to political entities? Explain.
Assessing whether the United States has a crime "problem" compared to other advanced and industrialized nations is a complex matter that requires careful analysis and consideration of various factors. It is essential to recognize that crime rates and their comparison can be influenced by numerous socio-economic, cultural, and demographic factors.
Here are some points to consider:
Crime Rates: When evaluating crime levels, it is crucial to examine various crime indicators, such as violent crime rates, property crime rates, or specific types of offenses. Comparative analysis should consider the specific types of crimes and the frequency at which they occur.
Data and Reporting: Comparing crime rates across nations can be challenging due to differences in reporting practices, data collection methodologies, and legal definitions. Variations in crime reporting and recording practices can affect the accuracy and comparability of crime statistics.
Socio-economic Factors: Crime rates are influenced by socio-economic factors such as poverty, income inequality, unemployment rates, educational attainment, and social welfare systems. These factors can vary among countries and have an impact on crime levels.
Cultural and Demographic Differences: Cultural and demographic factors, including population density, diversity, social norms, and attitudes towards crime, can also affect crime rates. These factors can differ significantly among nations, leading to variations in crime levels.
Regarding the definitions of crime and criminal behavior, they are critically important to political entities for several reasons:
Legal Framework: Definitions of crime form the foundation of a country's legal system. They define what actions are considered unlawful and provide guidelines for law enforcement, the judiciary, and the criminal justice system to identify, prosecute, and punish offenders.
Consistency and Fairness: Clear and precise definitions of crime ensure consistency and fairness in the application of laws. It helps prevent arbitrary or discriminatory enforcement and ensures equal treatment under the law.
Public Safety and Order: Defining criminal behavior helps protect public safety and maintain social order. By identifying and categorizing certain behaviors as crimes, governments can establish rules and regulations that help deter individuals from engaging in harmful actions and protect citizens from harm.
Resource Allocation: Accurate definitions of crime assist in resource allocation for law enforcement, judicial processes, and correctional systems. It enables governments to focus their efforts and resources on combating specific types of criminal behavior based on their severity and impact on society.
To know more about crime here
https://brainly.com/question/6203610
#SPJ11
how can i make an ecommerce site like gainful's with the quiz but also add a customizable option at the end
An e-commerce website serves as your online storefront. It makes the deal between a buyer and a seller easier. It is the online marketplace where you can display your products and conduct business with clients.
What is e-commerce?The practise of buying and selling products and services online is known as e-commerce. Affiliate marketing strategies can also be categorised as ecommerce business practises. To increase online sales, you can use ecommerce platforms like social media, your own website, or a well-known retailer like . E-commerce encompasses all facets of conducting business online, while online shopping refers to the selling and buying of goods and services online, according to Candice V. Cunningham, the founder of the nonprofit organisation The Black Ecosystem in Chicago.
TO learn more about e-commerce click,
https://brainly.com/question/29115983
#SPJ4
3.08 free trade and barriers
Pls help
Free trade is a policy in which countries allow goods and services to move freely across borders without tariffs, quotas, or other barriers to trade.
Why do people argue for free trade ?Proponents of unrestricted commercial activity contend that it stimulates economic expansion, increases effectiveness, and lowers the prices for buyers. They acknowledge that permitting nations to concentrate on producing goods and services they can manufacture with maximum proficiency will heighten productivity and advance the standard of living.
Those who are in opposition to unrestrained trade claim that it precipitates unemployment, most notably within industries that cannot compete globally. They also assert that free trade causes environmental dilapidation and amplified inequity, specifically affecting developing countries, which may lack the means necessary to contest fairly.
Find out more on free trade at https://brainly.com/question/27747375
#SPJ1
Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place:
Balance Sheet for Ecoville International Bank
ASSETS
LIABILITIES
Cash
$33,000
Demand Deposits
$99,000
Loans
66,000
Now assume that the Fed lowers the reserve requirement to 8%.
By how much has the money supply increased or decreased?
If the money multiplier is 5, how much money will ultimately be created by this event?
If the Fed wanted to implement a contractionary monetary policy using reserve requirement, how would that work?
Answer:
33 thousand loadsdhjdhhddhhd
Explanation:
because it was cool as lolllll
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
The Amelia Corporation was incorporated on January 1, 2005, with the following authorized capitalization: . 40,000 shares of common stock, no par value, stated value $40 per share · 10,000 shares of 5 percent cumulative preferred stock, par value $10 per share During 2005, Amelia issued 24,000 shares of common stock for a total of $1,200,000 and 6,000 shares of preferred stock at $16 per share. In addition, on December 20, 2005, subscriptions for 2,000 shares of preferred stock were taken at a purchase price of $17. These subscribed shares were paid for on January 2, 2006. What should Amelia report as total contributed capital on its December 31, 2005, balance sheet?
Total contributed capital on its December 31, 2005, balance sheet should be $1,560,000. Amelia Corporation has been authorized with 40,000 shares of common stock with no par value but with a stated value of $40 per share and 10,000 shares of 5 percent cumulative preferred stock, with a par value of $10 per share.
During 2005, Amelia issued 24,000 shares of common stock for a total of $1,200,000 and 6,000 shares of preferred stock at $16 per share. Furthermore, subscriptions for 2,000 shares of preferred stock were taken at a purchase price of $17 on December 20, 2005. These subscribed shares were paid for on January 2, 2006.
Therefore, the total contributed capital on its December 31, 2005, balance sheet should be $1,560,000. This is due to the fact that the number of shares issued by Amelia and their corresponding prices, which total $1,200,000 for 24,000 shares of common stock and $96,000 for 6,000 shares of preferred stock. And the subscription price for 2,000 shares of preferred stock at $17 per share will total $34,000.
Therefore, the sum of all of these is $1,560,000, which is the total contributed capital for Amelia Corporation as of December 31, 2005, for its balance sheet.
To know more about stock visit:
https://brainly.com/question/14649952
#SPJ11
Vertical Integration is when a company _____________.
Answer:
Vertical integration is when a company owns or controls its suppliers, distributors or retail locations to control its value or supply chain
In the early 2000s, easy credit made real estate the investment of choice in the United States. By the end of the decade, however, a recession had set in, impacting almost all businesses in the country. This example shows that _____.
a. economic boom periods can overheat and lead to speculative bubbles.
b. people did not overvalue housing prices.
c. during economic boom periods, investors stay cautious and conservative.
d. the market was characterized by rational exuberance.
The given example about the research about recession and real estate investment shows that:
A. economic boom periods can overheat and lead to speculative bubbles.What is Economic Boom?This refers to the sudden increase of economic opportunities in a given area which can be caused by a variety of factors.
With this in mind, we can see that in the early 2000s, there was the investment made and by the end of the decade, there was a recession and this shows that economic boom can overheat and lead to speculative bubbles.
Read more about economic boom here:
https://brainly.com/question/1690575
Carol garcia deposited $22,000 in an account paying interest of 15% compounded annually. what amount will be in the account at the end of 13 years?
At the end of 13 years, Carol Garcia's account will have approximately $119,219.50.
To find the amount in the account at the end of 13 years, we'll use the formula for compound interest, which is:
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment/loan
P = the initial deposit (the principal)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
In Carol Garcia's case, we have:
P = $22,000 (the initial deposit)
r = 0.15 (15% annual interest rate as a decimal)
n = 1 (compounded annually, so interest is compounded once a year)
t = 13 years
Now, let's plug these values into the formula:
A = 22,000(1 + 0.15/1)^(1*13)
A = 22,000(1 + 0.15)^(13)
A = 22,000(1.15)^(13)
Next, we'll calculate the expression within the parentheses:
1.15^(13) ≈ 5.4191
Now, multiply this value by the initial deposit:
A = 22,000 * 5.4191 ≈ 119,219.50
To know more about compound interest refer to
https://brainly.com/question/28020457
#SPJ11
What does the doctrine of respondeat superior provide?
Answer:
The Respondeat Superior doctrine is a legal doctrine that establishes a rule for the adjudication of responsibilities in the event of damages or breaches in a situation in which there is a relationship of dependency between a superior and a dependent. Thus, this doctrine establishes that the superior will be responsible for the actions of his dependent, that is, in the event of non-compliance or damage by the latter (provided that said damage or non-compliance occurs in the exercise of their functions) the responsibility will assumed by the superior.
The lender will charge a one-and-a-half-point origination fee and two loan discount points. what will be the total due for points on a $115,000 loan?
The total amount payable is $4,025.
(One point equals one percent of the loan amount. 3.5% of $115,000 is three and a half points, or $115,000 x.035 = $4,025. (one and a half and two).
Lender
A lender is a person, a group (public or private), or a financial organisation who makes funds accessible to a person or business with the expectation of repayment. Payment of any interest or fees will be included in the repayment. Lenders give funding for a variety of purposes, including home mortgages, auto loans, and small business loans. The loan terms outline how it must be satisfied, such as the payback time and the implications of late payments and default. A lender may use a collection agency to recover overdue monies.
To learn more about Lender
https://brainly.com/question/28480989
#SPJ4
When Jack was hired in 2011 at Ford Motor Company, he was offered $14 an hour. His best friend Sam started at the same plant doing the same job two years earlier making $28 an hour. This is an example of
Answer:
This is an example of pay rise!
I hope this helps you!
20. Analyzing market research is usually done by identifying________ making comparisons and developing________
Answer:
Define your research objective. The first step in the market research process
Explanation:
is to define your research objectives. ...
Develop your research questions. ...
Gather your research. ...
Interpret your findings. ...
Draw conclusions and make decisions.
Who
among
the halian composers,composed the score for la boheme
swer :
Answer:
La bohème: is an opera in four acts, composed by Giacomo Puccini between 1893 and 1895 to an Italian libretto by Luigi Illica and Giuseppe Giacosa, based on Scènes de la vie de bohème (1851) by Henri Murger.
Ion Co. purchased land for $190,000. Ion also paid $5,000 in real estate commissions, $1,000 in legal fees, and $500 in title insurance fees. Ion should record the cost of this land at:
Answer:
196,500
Explanation:
I hope this helps. :)
PT should record the cost of the land for $196,500.Since land is not depreciated, it is always reported on the balance sheet at its historical cost and would remain there.
Find the solution ?Since land is not depreciated, it is always reported on the balance sheet at its historical cost and would remain there.Additionally, until the land is sold or included in a transaction, there is no fair value adjustment.Data provided in the question :
Purchasing cost of the land = $190,000
Closing costs paid = $5000
Total regarded cost of the land = $1500
PT should record the cost of the land for
= Purchasing cost of the land + Closing costs paid + Total regarded cost of the land
= $190,000 + $5000 + $1500
= 196500
To learn more about the cost of the land refer
https://brainly.com/question/14282490
#SPJ2
Do you guys know any specific issues that affect businesses?? If so please name any!!! It’s urgent :)
political - For example, new legislation
economic - For example, inflation and unemployment
social - Changes in taste and fashion or the increase in spending power of one group, for example, older people
technological - For example, being able to sell goods online or using automation in factories
environmental - For example weather conditions affecting sales or production and growing interest in being ‘green’ , for example by recycling
competitive - The impact of a rival firm which may have a similar product or which may lower its prices.
BBC Bite Size.
Please mark BRAINLIEST.
In criticizing Booker T. Washington's educational emphasis on manual labor and industrial training, W.E.B. Du Bois emphasized instead that black education should concentrate on a adult education. b an intellectually gifted talented tenth of the black community that should be given full and immediate access to the mainstream of American life. c developing separate black schools and colleges. d developing black entrepreneurs to create black businesses to serve black communities. e education for political action.
Answer:
The answer is "Choice c".
Explanation:
In criticism of the instructional focus of George Washington on handicraft labor and manufacturing schooling, Du Bois emphasized that African American schooling must focus on a talented and cognitively skilled tenth part of the Black community to be able to gain full disclosure access to Usa's mainstream.
Dealing with pressure is unimportant in today’s business environment. Please select the best answer from the choices provided T F
Answer:
FALSE BRO
Explanation:
Answer:
false
Explanation:
g the allowance for doubtful accounts a. is a contra-revenue account. b. is credited (increased) when a company writes off accounts receivable. c. is credited (increased) when a company recognizes bad debt expense. d. is an expense account.
A contra-revenue account is a provision for dubious accounts. The right response in this case is option A.
Because it lowers the value of an asset in this example, the accounts receivable the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's best guess as to how many accounts receivable customers will not pay.
You must include the cost of creating an allowance for doubtful accounts on your company's balance sheet. Record it as an expense on your income statement if the dubious debt ultimately turns out to be a bad debt.
Contra assets, as opposed to the part on current assets, is where allowance for dubious accounts belongs. The balance of a contra-asset account will either be zero or negative.
To learn more about allowance
https://brainly.com/question/28831354
#SPJ4
who is the supervisory body for the federal reserve system?
Answer:
The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.
Explanation: