answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Are direct and indirect tax complementary to each other?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

The difference between direct taxs and indirect taxs and give examples of each?

The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.


1 Components of manufacturing costs Classify each of the following manufacturing costs as direct or indirect for automobiles?

Manufacturing Cost: There are three major component of manufacturing cost.Such as : DIRECT Material: those material s that become an integral part of the product and that can be conveniently traced directly to it. Direct Labor:- those labor costs that can be easily traced to individual units of product. Manufacturing Overhead: Manufacturing costs that can not be traced directly to specific unit product.Example indirect materials,indirect labor. Indirect Labor: Wages paid to employees who are not directly involved in production:work. Example:-maintenance worker janitors and security grads. Indirect Materials: Materials used to support the production process. Example:- Lubricants and clearing supplies used in the automobile assembly plant.


Is depreciation a direct or indirect cost?

Depreciation can be either a direct cost or an indirect cost, or it can be both direct and indirect.Let's illustrate this with the depreciation of a machine used in Department 23 of a manufacturer. The depreciation on that machine is a direct cost for Department 23. It is direct because it is traceable to Department 23 without any allocation.The depreciation of this same machine will be an indirect cost of the products manufactured with that machine. It is indirect because the depreciation is allocated to the products. Perhaps the machine in Department 23 has depreciation of $50,000 per year (cost of machine of $500,000 divided by 10 years of useful life). The $50,000 of annual depreciation is then assigned or allocated to products based on the number of hours that products use the machine. For example, if the manufacture expects 20,000 machine hours of use in the current year, then it assigns or allocates $2.50 ($50,000/20,000) per machine hour to each product using the machine. If Product #189 requires one hour of this machine's time, Product #189 will have $2.50 as part of its indirect costs. Indirect manufacturing costs are also referred to as manufacturing overhead, factory overhead, or burden.


The difference between the list of all direct expenses and direct income?

Additional detail: Direct income is the income u earn from what you're in business to do or any services performed, eg a salaried individual's direct income is thesalary which come at the end of each month.Indirect income may be coming from your investments youhave on Equity or bank deposits or any other source, thiskind of income can be fixed or variable.another example would be a man works on an assembly line trading labor for money. The man’s child is fed and clothed by usage of this income. The man has direct income; the child has indirect income.


In your own words explain the difference between direct and indirect taxes give examples for each?

This is an essay assignment given to you to write. We don't do homework for students and you need to do it. Your teacher is looking for your critical thinking skills and how well you understood what you were taught.

Related questions

Is direct cost same to indirect cost?

No direct costs and indirect costs are not same and opposite of each other.


What is the difference between direct democracy and indirect democracy?

direct democracy is when each person rules and indirect is when people vote for people who rule.


What is the difference between complementary and adjacent?

Adjacent to merely means "next to one another". Complementary means that each benefits the other, or goes well with the other. Orange and pink can be adjacent to each other, But orange and blue are complementary to each other.


How do you use the word complementary in a sentence?

The two angles were complementary to each other.


The difference between direct taxs and indirect taxs and give examples of each?

The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.


What is complementary sequence?

When DNA and/or RNA are in the double helix configuration each helix is the complementary sequence of the other.


The two chromatid arms on a chromosome are?

Complementary to each other


Complementary colors are where on the color wheel?

Opposite each other.


What is indirect contamination and give an example?

Indirect contamination is the opposite of direct of contamination which does not need to do direct contact to be contaminated. An example of this is a person with HIV/AIDS who shares needles with another person that has no HIV/AIDS. These two people did not have any direct contact with each other, but sharing needles with HIV/AIDS or any types of diseases is an example of indirect contamination which could lead the healthy person to also get the HIV/AIDS.


What is indirect relationship in science?

An indirect relationship is a relationship in which neither of the factors are dependent on each other.


Fragments of DNA that have complementary sticky ends?

can join with each other.


If two angles are complementary to the same angle then they are what?

equal to each other