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Q: At the end of the calendar year the AP department creates forms for non-incorporated individuals paid over 600.00.?
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Whatb are the Effects of tax evasion?

Tax evasion has several negative effects on both individuals and society. It reduces government revenue, leading to decreased funding for public services and infrastructure. It creates an unfair burden on compliant taxpayers and undermines the integrity of the tax system, eroding trust in government and promoting a culture of non-compliance.


When a sale is made to a customer on credit it creates an a r which is classified by your company as?

Asset


Who pays more taxes corporations or individuals?

This is a great question since when we think about taxing the rich we think we are taxing individuals, but in reality we are taxing individuals and corporations. The question not answered is: should we be taxing corporations and just how many corporations are we talking about? Corporations are income producing organizations treated as individuals. Individuals may or may not be income producers, but even if they are not income producers, in the end, when they spend money they will provide opportunity for income to be produced. For example, a rich person buys an aircraft. The company who sells the aircraft, buys raw materials, pays employees, etc to manufacture and sell that aircraft. In other words, the rich person creates employment and profits. Corporations have slightly different paradigm to deal with. In order to produce something, they have to have capital to start their business. True, there some very rich individuals who can start their own corporations and fund them completely, of more often, business start slowly, building capital slowly, they borrow needed funds, (assuming they have capitol equity) or they sell shares to raise money. If they are taxed too much, that is money they do not have to invest in the business. The problem still remains, the business have to buy the manufacturing equipment before they can make taxable profits, so even if they can deduct the cost of doing business, they only can do so if there are profits. So in the end if we mistakenly confuse real business with individuals who have wealth we are over taxing our income generators.


When a sale is made to a customer on credit it creates an Accounts Receivable which is classified by your company as?

an asset


When a sale is made to a customer on credit it creates an Accounts Receivable which is classified as?

Sundry Debtors

Related questions

A calendar in the house of representatives that creates a schedule of bills involving money issues?

Union Calendar


What department creates advertising and publicity?

Marketing


Are schools closed on Veterans Day?

Each school district creates their own calendar for what days schools will be closed. For your school's schedule, please check the calendar or ask a school official.


What does the Department of the Treasury do?

Th U.S. Department of the Treasury...Creates currency (paper money and coins)Collects income taxesRegulates national banks and savings institutions


What does department of treasury do?

Th U.S. Department of the Treasury...Creates currency (paper money and coins)Collects income taxesRegulates national banks and savings institutions


What form is used for year end that ap creates for non-incorporated individuals paid over 600?

1099


Which type of law refers to the body of regulations that the government creates to control the activities of industries businesses and individuals?

Administrative Law


Which type of law refers to the body of regulations that the government creates to control the activities of industry business and individuals?

Administrative Law


How do you use armful in sentence?

He left the department store with an armful of packages. The woman with an armful of bracelets creates her own jewelry.


How would you track the project number for online orders you public relations department creates?

Create a Project Number field and use the field on a custom order form for the public relations department


How would you track the project number for online orders your public relations department creates?

Create a Project Number field and use the field on a custom order form for the public relations department


Where do computer virus originally form?

Computer viruses don't 'form,' they are created. They are small computer programs written by individuals. A computer guru creates them.