Direct Taxes: A Direct tax is a kind of charge‚ which is imposed directly on the taxpayer and paid directly to the government by the persons (juristic or natural) on whom it is imposed. A direct tax is one that cannot be shifted by the taxpayer to someone else. The some important direct taxes imposed in India are as under: Income Tax: Income Tax Act‚ 1961 imposes tax on the income of the individuals or Hindu undivided families or firms or co-operative societies (other tan companies) and trusts
Premium Tax Indirect tax
Microeconomics Week 4 Homework Chapter 6: #4 An explicit cost is the monetary payment a firm must make to an outsider to obtain a resource. An implicit cost is the monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market. Say you owned a deli shop. Examples of explicit costs would be the salaries of your employees‚ the cost of the building (electricity‚ plumbing‚ etc.) and all the different ingredients and foodstuffs you need to
Premium Costs Economics Cost
Main Factors affecting product pricing in the UK In the UK‚ there are factors which affect how a company chooses to price their products. This is known as product pricing. Having a good product pricing strategy is essential to maintain a high profit margin‚ creating brand loyalty or superiority and remaining competitive. We will discuss the factors affecting product pricing‚ to see why it is so important for firms to take into different factors and variables when deciding their product price.
Premium Supply and demand Pricing Microeconomics
Is Student Loan Debt Crippling Local Economies? Research suggests that increased student loan debt is creating a negative‚ ripple effect on local economies‚ because graduates are starting families later‚ buying homes later‚ and are repaying loan debt with their professional earnings rather than spending back into their local economy. About half of all students (49%) graduate college with a total debt count of over 30‚000 dollars in student loan debt alone. When you add all this debt together
Premium Debt
Details | Page number | 1.0 Article Summary | 3 | 2.0 Introduction | 3 | 3.0 Analysis | | 3.1 Demand and Supply | 4-6 | 3.2 Substitute | 6 | 3.3 Shortage | 7 | 3.4 Elasticity | 8-9 | 3.5 Price ceiling | 10 | 3.6 Consumer and producer surplus | 11-13 | 3.7 Tax | 13-14 | 4.0 Conclusion | 15 | References | 16-17 | | | 1.0 Article Summary The article “Consumers complain cooking oil sold at higher than fixed price” which was published on November 27‚ 2012 talks about
Premium Supply and demand
Abstract Tobacco taxation is an essential component of a comprehensive tobacco control strategy. However‚ to fully realize the benefits it is vital to understand the impact of increased taxes among high-risk subpopulations. Are they influenced to the same extent as the general population? Do they need additional measures to influence smoking behavior? The objectives of this study were to synthesize the evidence regarding differential effects of taxation and price on smoking in: youth‚ young adults
Premium Progressive tax Taxation Tax
resort to this tactic to raise revenues‚ but rather could simply raise taxes. While I agree that on the surface it may actually appear that way‚ that a government can simply levy taxes upon a population and there is nothing that the said population can or will do about it. That is nice to think in an ideal sense‚ but in reality it is not so easy for a government to raise taxes. Politicians and leaders who attempt to raise taxes sometimes find out the hard way that the people do not like being excessively
Premium Tax Income tax Taxation in the United States
Should taxes on alcohol be raised? Consequences of alcohol tax rates on beverages consumption and alcohol-related complications have been widely studied over the past fifty years. Nowadays‚ the challenge for both economists and politicians is to estimate and form a tax level that maximizes social prosperity and most efficiently increases incomes. Alcohol taxation is an essential component of a complete alcohol control strategy. Even if any increase in alcohol tax rates will not cause a significant
Premium Alcoholic beverage Tax Smuggling
PRINCIPLES OF ECONOMIC (DIFFERENCE BETWEEN MICROECONOMICS AND MACROECONOMICS) CERTIFICATE IN ESTATE AGENCY (CEA) HAFIFI BINTI HAMDAN 940113-10-5504 LECTURER: MRS. NORZIHA BINTI ISMAIL DIFFERENCE BETWEEN MICROECONOMICS AND MACROECONOMICS The study of economics is divided into microeconomics and macroeconomics by the modern economists. Both of them discuss the economic activities but are used in different sectors under different circumstances. In spite of having some similarities‚
Free Economics Macroeconomics Microeconomics
differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. Microeconomics and macroeconomics are the two major categories within the field of economics. Microeconomics is the branch of economy‚ especially such topics as markets‚ prices‚ industries‚ demand‚ and supply. Microeconomic concentrates on the difficulties of the markets for services and goods‚ and how the price affects the growth of the markets (Microeconomics 2000-2010). Microeconomics
Premium Economics