Value Added Tax and Total Sales Tax Essay

23. A variable’s scope is the part of the program that has access to the variable.

A) It is your responsibility to read the assignment carefully and make sure you understand what you need to do and what you should hand in. If you are not sure, check with

Adrian is a salesperson who represents several wholesale companies. On January 2, 2008, she received by mail a commission check from Ace Distributors in the amount of $10,000 that was dated December 31, 2007. Adrian is concerned about the year in which the amount of $10,000 is taxable. Although the check is dated 2007, she contends that it would have been unreasonable for her to drive 100 miles (one way) to the Ace offices on the eve of a holiday to collect her check. Further, Adrian maintains that even if she had made the trip to collect the check, by the time she returned home, the bank would have closed and she could not have deposited the check until January.

List all variables you will use (use valid variable names). Indicate whether the data type is string, integer, or double, and so on.

| On the Summary worksheet, in cell B8, construct a linking formula that will refer to the value in cell E25 on the Franklin Ave. worksheet. In cell C8, construct a linking formula that will refer to the value in cell E25 on the Main St. worksheet. On the Main St. worksheet, change the value in cell E6 to 45581.09. Note that the Quarter 4 sales total for the Main St. store updates automatically in the Summary sheet.

(TCO D) A residence in Brevard County has an assessed value of $150,000. Its owner qualifies for an old age exemption of $10,000 and a homestead exemption of $20,000. The property tax rate is $5 per $100 AV. What will be the property tax bill on this property?

A variable is a reserved memory location that can be used to store data or values. Creating a variable means allocating space in memory to hold values. Variables are given unique names to identify their respective memory locations. They are used to instruct the computer to

1. All distributions (excluding reasonable salary) to Paula and Mary will be taxed as dividends to them. And the corporation could not deduct this part of distribution.

Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the state sales tax, the county sales tax, the total sales tax, and the total of the sale (which is the sum of the amount of purchase plus the total sales tax).

Controversy will always follow humans where ever we go. Humans have argued over many issues for centuries, often times with no conclusion or “correct” answer ever in sight. One common issue that has been debated since the early 1900s is whether or not the more wealthy individuals in a society should be taxed more heavily than their poorer counterparts. Many have argued over the pros and cons of the taxation of richer people, but when one looks at it objectively, the pros far outweigh the cons. Not only do the pros outweigh the cons, but a question one must ask oneself is whether or not prosperous people really need that extra money? Richer people should be taxed higher because it is better for the economy, social classes will

In this composition, we will be discussing two topics that go hand in hand when it is dealt with in tax accounting. To fully understand the scope of this article, passive activity is defined by the IRS as “any rental activity or any business in which the taxpayer gains income but does not materially participate in the activity”(IRS). Examples of passive activities can include equipment leasing and real estate leasing, in contrast to salaries, wages which are generally considered non-passive activities. As the article “Skip the dorm, buy your kid a condo” states, there are tax benefits when renting a property, but now individuals have exploited loopholes in the tax code that can be controversial and even illegal.

The United States tax system is in complete disarray. Republicans and Democrats agree that the current tax code is complex, unfair, and costly. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms (Armey 1). The main reason the tax system is so complex is because of the special preferences such as deductions and tax credits. Complexity in the current tax system forces Americans to spend 5.4 billion hours complying with the tax code, which is more time than it takes to manufacture every car, truck and van produced in the United States (Armey 1). Time is not the only thing that is lost with the current tax system; Americans also lose

A major source of revenue enhancements for states across the US is the sales tax, which taxes goods and services that are being sold. One member of the family of sales taxes is the Value-added Tax. The VAT increases the value of the product being produced by taxing each stage of its production or distribution (Anastakis, N.D.). The key distinction between the VAT and the sales and use tax is, the VAT is applied in each stage, whereas sales tax only taxes one stage of activity from the manufacturer to the retailer (“Difference between VAT and Sales Tax,” 2011). Although the VAT is not implemented in the United States, it remains a popular tax system in over 150 countries around the world, including in the European Union

As a new employee in the financial reporting unit the task is to evaluate the relevant disclosures of the company’s latest annual report in accordance to the Income Tax requirements as per AASB 112.

List out the products available to the user and allow the user to select the products and the quantity. Overload * operator for multiplying quantity with objects and overload + operator to add all the objects to find the total cost. Finally display the total amount, quantity of each product with their brands, price etc.,. (e) 12. Write a c++ program that maintains the date in (day/mon/year) format and overload the ++ & -- operator to view previous or next date from today’s date. Ensure that the day won’t exceed 30/31 for certain months. (e) -----------------------------------------------------------------------------------------------------13. Create a class that stores the details about a room in a hotel (private: room no, type, cost). Create subclasses like Lounge(no.of people it can accommodate, A/C type(centralized/window), food preference, recreational facilities (as a string array)) and deluxe room(A/C or non A/C, single/double bedded). Create a class that maintains the customer details (name, age, address, phoneno). Allow booking of the room by the customer after checking the status of its availability. Overload the booking function such that it can book a either a lounge or deluxe room for a customer.(l) 14. Create a c++ program that