State the objectives of a Double Taxation Agreement. Elaborate the answer according to the question. Answer should not be less than 400 words. Thank you for your afford.
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3. State the objectives of a Double
Elaborate the answer according to the question. Answer should not be less than 400 words. Thank you for your afford.
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- can you Discuss in 400 words , the features of Direct & Indirect Taxation ?Please discuss the theories and bases of taxation. (Make it 500 words please)Assume the following transactions with the corresponding invoice cost, inclusive of Value Added Tax, if applicable: Apol, non-vat taxpayer, sells to LJ, vat taxpayer P89,600LJ, vat taxpayer, sells to Chris, vat taxpayer P134,400Chris, vat taxpayer, sells to Abi P201,600Abi, nonvat taxpayer, exported the goods in Canada P300,000 Required: Determine the following:A Vat payable of ApolB Vat payable of LJC Vat payable of ChrisD Vat payable of Abi
- Consider a system that computes the taxes owed by an individual. It computes the tax according to the following rubric: 1. No tax on the first $4000. 2. The next $1500 is taxed at 10%. 3. The next $28000 is taxed at 22%. 4. Any further amount is taxed at 40% To the nearest dollar, which of these is a valid boundary value test case? a) 1,500 b) 32,001 c) 33,501 d) 28,000The total tax on an income of $256,600 is: Select one: a. $96,194 b. $113,900 c. $112,944 d. $128,544 e. $83,324 ???Which of the following is true? i. The general percentage tax is an explicit tax on consumption. ii. VAT and percentage tax are mutually exclusive. iii. In business taxes, the statutory taxpayer is normally the economic taxpayer. iv. The CREATE Law amended the VAT threshold to P3,000,000 from P1,919,500 (formerly P1,500,000). v. All of the other choices is incorrect.
- for Schedule C in individual income tax, how do I calculate the expense for transportation of 5725 total miles traveled, entertainment in total of $4200 and gifts of $450? I know only up to $400 can be deducted in gifts but do I just put 0 can be deducted. Thanks in advance for your help.Entity E does not account for sales taxes separately when making sales. The sales tax rate is 8.5%. If the total amount collected was $21,700 how much was the sales tax? Round to the nearest dollar if necessary. $1,700. $20,000. $21,700. $1,845.This is Homework assingment question, need answer in 5-6 sentence only. What makes a 4 percent retail sales tax regressive rather than equitable is that ii is based on income.
- Explain two (2) major reasons why the incidence of taxation should be of paramount importance to theGovernment. Discuss four (4) major recommendations you would offer a neigbouring country that is in the process ofintroducing VAT in their country.Answer the following questions below: 2. List six distinguishing features of a tax. 3. State four reason that tax policies are used for by the government. 4. State two legitimate functions of government. 5. State five attributes of a good tax system. 6. Explain the following (to include use of graph) : progressive tax, proportionate tax, regressive tax. NB: Please note that this question consist of 5 questions (2-6) and all the questions is to answer separately. Thanks*see attached What amount of income tax payable should be reported?a. P 385,000b. P 498,000c. P 425,000d. P 305,000