Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

Johnny pays the state of Kentucky $ 5 0 0 to incorporate his business. Reijo is fined $ 1 5 0 for exceeding the speed

Johnny pays the state of Kentucky $

500

to incorporate his business.

Reijo is fined $

150

for exceeding the speed limit

.

Who is paying a tax?

Group of answer choices

Not Johnny, but Reijo

Neither Johnny nor Reijo

Both Johnny and Reijo

Johnny, but not Reijo

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Routledge Handbook Of FinTech

Authors: K. Thomas Liaw

1st Edition

0367263599, 978-0367263591

More Books

Students also viewed these Finance questions

Question

★★★★★

In Figure 2-8, explain why inventory must be allocated.

Answered: 1 week ago

Question

★★★★★

The Cash acoount of SWITZER Lid, reported a balance of $2,500 at August 31,2020 . Included wore outstanding choques totaling 5900 and an August 31 depeait of $500 that did not apprar cn the bank...

Answered: 1 week ago

Question

★★★★★

Describe the three-step writing process. [page 95]

Answered: 1 week ago

Question

★★★★★

The steps in the accounting cycle are listed in random order. Fill in the blank next to each step to indicate its order in the cycle. The first step in the cycle is filled in as an example. Order...

Answered: 1 week ago

Question

★★★★★

Johnny pays the state of Kentucky $ 5 0 0 to incorporate his business. Reijo is fined $ 1 5 0 for exceeding the speed limit . Who is paying a tax? Group of answer choices Not Johnny, but Reijo...

Answered: 1 week ago

Question

★★★★★

A company issues 9%, 5-year bonds with a par value of $150,000 on January 1 at a price of $156,083, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each...

Answered: 1 week ago

Question

★★★★★

Jennifer Davis is the bookkeeper for Pharoah Company, Inc. Jennifer has been trying to get the company's balance sheet to balance. She finally got it to balance, but she still isn't sure that it is...

Answered: 1 week ago

Question

★★★★★

Uber took the lead in point-to-point, on-demand transportation, literally changing the way we move. It competes not by building its own fleet but by leveraging peer-to-peer coordination between...

Answered: 1 week ago

Question

★★★★★

These HOT Topics will introduce you to current events in the industry. This is your chance to brainstorm ideas with your classmates and discuss things that are happening right now! Look at this...

Answered: 1 week ago

Question

★★★★★

What is the first step in defining requirements for an application? determining what the application must have and do creating a superclass for all of the objects in the application choosing which...

Answered: 1 week ago

Question

★★★★★

Research a prominent current or historical organizational leader from your country and develop a 2-to-4 page APA-formatted paper discussing the following: Brief biography on the leader you selected...

Answered: 1 week ago

Question

★★★★★

Ethics. For each of the following behaviors,explain whether it is illegal and/or unethical and what effect the behavior could have on an employee and employer. (Objectives 2, 3, 4, and 5) a. Sending...

Answered: 1 week ago

Question

★★★★★

Global. Ethics. Technology. Assume that you are a good friend of an executive of a company that markets widgets in the Bahamas. You have stock in this company, and your friend casually mentions that...

Answered: 1 week ago

Question

★★★★★

Ethics. Assume that a section of the company policy where you work conflicts with your individual value system.When a situation arises that requires application of this policy for a communication...

Answered: 1 week ago

Previous Question Next Question