income of companies‚ it is often called a corporate tax‚ corporate income tax‚ or profit tax. Individual income taxes often tax the total income of the individual‚ with some deductions permitted‚ while corporate income taxes often tax net income which is the difference between gross receipts‚ expenses‚ and additional write-offs. (Rubin‚ 2007) We generally don’t think much about taxes except during the annual tax season. It’s probably the most dreaded time of the year for millions of Americans‚ yet
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THE IMPORTANCE OF MICROECONOMICS 1. New Businesses o Entrepreneurs create businesses by purchasing and utilizing factors of production. In order to estimate the potential return on investment (ROI) of those factors of production‚ entrepreneurs must have a basic grasp of microeconomic concepts: supply‚ demand‚ cost‚ profit. Without such a grasp‚ it is impossible to know how much a particular good can be sold for in a particular area. Furthermore‚ without a grasp of costs and earnings
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people think that the production and sale of cigarettes should be made illegal. However‚ these people tend to ignore that the positive outcome of cigarettes business brings to the society. They also falsely believe that prohibition of producing and selling cigarettes will lead people to adopt a healthier living environment. Cigarettes business is one of the most profitable industries in the world. The government receive huge amount of taxes from cigarettes companies and it actually uses the money to
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the public with the necessary goods and services‚ revenue must be raised through taxation. This revenue is generated through direct and indirect forms of taxation. Direct taxes are paid on income. This effectively means that the more income you earn the greater your contribution is expected to be to the state. Indirect taxes are levied on expenditure. This tax is imposed on the basis of the individual consumption – the individual pays only on what he consumes. However‚ it must be noted that taxation
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Property taxes – local taxes‚ immovable property/land tax‚ motor vehicle tax . (Lukas Szita) A property tax also known as millage tax is a charge on possessions that the holder is obligatory to pay. The tax is imposed by the governing authority of the area in which the property is placed; it can be a national government of country‚ a federated state‚ a county/region‚ or a municipality (In Slovak Republic property tax is the most important income for municipalities). We basically distinguish four
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Banning Cigarettes Do you smoke cigarettes? Do you know what is inside of those cigarettes that you are smoking? According to an article by Robert Grazian‚ cigarettes have thousands of chemicals in them (1). After witnessing my sister smoke cigarettes‚ I was curious to know why she did it so much. I decided to do an experiment on cigarettes after I made eighteen‚ which is the legal age to smoke cigarettes. I told one of my teachers about the experiment and she offered bonus points if I turned
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1.0 Introduction A company geared for success and profitable growth needs a foundation of values‚ expertise and experience that encompasses both its history and the people who make it what it is: the company’s employees‚ shareholders and customers. And there will have statistics from the annual report and also the analysis. This report will help you on the financial analysis of David Jones Limited. We are using the annual report of 2012 to check whether or not it is a safe and reasonable for investor
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GE273 Week 5 Good Provision and Agents Task 1: Consider the following list of goods. For each good‚ explain the following point List of Goods: A cup of coffee at a coffee shop‚ Public Good‚ the private market should provide this good B City fire protection‚ Public Good‚ government should provide this good C Polar bears in the Arctic‚ Common Resource‚ this characteristics of the good would make it difficult to be provided by the private market or the government D Clean air‚ Common
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croChapter 1: A tour of the world 1.1 THE EUROPEAN UNION When macroeconomists study an economy‚ they first look at three variables: * Output – the level of production of the economy as a whole – and its rate of growth. * The unemployment rate – the proportion of workers in the economy who are not employed and are looking for a job. * The inflation rate – the rate at which the average price of the goods in the economy is increasing over time. The economic performance of European
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Public justification of regulatory actions by the government appears to be based on private monopolization fear of an economic activity area. There are several available regulatory options. In Australia‚ the common approach is creating a monopoly that is owned by the government‚ which is assumed to act in the interest of the public. The Australia’s Two-Airline policy consists of two firms‚ which function within an industry with barriers of entry. One firm is government owned (Trans-Australia Airlines)
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