BUSINESS HIGH SCHOOL

What is the tax on money or property that one living person gives to another called

Answers

Answer 1
Answer:

Answer: Gift tax

The tax on money or property that one living person gives to another is called gift tax.

Explanation:

Gift tax refers to a type of tax imposed on a person giving something of value to another person. It is a tax on an individual who transfer money or property to another individual without receiving at least equal value in return. The individual who gives the gift out is required to pay the gift tax.

Answer 2
Answer: Gift tax is the tax on money or property that one living person gives to another.  For example:
The item received after death is called gift tax.
Gift tax are the gifts or items that is given to someone which is exempted in taxes.

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_______ refers to the value that stockholders or owners have in a company. Assets. Liabilities. Owners' equity. Contra receivables.

A consistent application of an inventory costing method enhancesa. conservatism
b. accuracy
c. comparability
d. efficiency

Answers

C. Comparability. A consistent application of an inventory costing method enhances comparability. Consistency enhances comparability because it enables investors and other end users of the financial statements to compare and understand the financial reports over the periods. The company should disclose the nature, reasons and effects of the change in the Notes to the Financial Statements if there is a change of accounting method for inventory costing to improve financial reporting.

How much of a person's income should go to charities?

Answers

It's an opinion question, what do you think?

Important issues concerning product quality and safety specifications are governed by the contracts a company signs with its: Multiple Choice government inspectors.
senior supervisors.
human resources division.
suppliers and distributors.

Answers

Answer:

government inspectors.

Explanation:

The U.S. Consumer Product Safety Commission is the government inspector or regulator that supervises product quality and safety in the United States.

Hence, Important issues concerning product quality and safety specifications are governed by the contracts a company signs with its government inspectors or regulators.

A regulator or government inspector has been appointed by the government to monitor activities in a particular industry

Answer:

suppliers and distributors

Explanation:

When a company needs to purchase a product or service, one of the key roles of the buying decision centers is to verify the quality and safety specifications that the company requires. When a purchase contract is being signed with a vendor, the required quality and safety specifications must be included in the contract.

The same happens with the company's distributors that are responsible for the downstream channels. They must comply with the company's quality and safety specifications in order to properly deliver the company's products.

The other options are wrong because:

  • Government inspectors have the duty and the power to regulate product quality and safety specifications, but they do not sign contracts with manufacturers. They can control and establish fines for poor standards, and even withdraw products from the market.
  • A company employs its workers (supervisors and HRM), and the only contract signed with them is the employment contract.

Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How much was she paid?

Answers

To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
= 224.6

Add the salary and the commission,
425.00 + 224.6
= 649.60

Therefore Jill was paid $649.60 last week

Jill was paid $649.60 last week

answer.$649.60

. Which choice best describes labor laws passed during the New Deal? A. No labor laws were passed during that time period B. Union friendly C. Anti-union D. Neutral towards unions

Answers

The best answer would be B, union friendly. During the New Deal, labor laws that favored unions were passed. The National Labor Relations Act was the most significant of these laws that was passed. It also goes by the Wagner Act and was passed in 1935. Hope this helps.

Answer:

B. Union friendly

Hope this Helps!! :))

How long do you have to pay back a short term debt?4 months

8 months

2 months

all of the above

Answers

i think that the answer is D all of the above

Answer: D: All of the above

Explanation:I believe it goes up to one year to be short term dept
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