Why is the pay-as-you-go concept important to the successful operation of the income tax system? What other
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Because the US income tax system is based on voluntary compliance it is important that the system ha...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
Question Posted:
Students also viewed these Business Law questions
-
What are the fundamental variables of the income tax system that decision makers should be familiar with so that they can apply tax issues to their areas of responsibility?
-
Describe the pay as you go funding method that is used by many federal and state or local government pension funds. What is the problem with this method that may damage the long- term viability of...
-
Property taxes are based on assessed values of property. In most states, the law requires that assessed values be at or near market value of the property. In one Washington county, a tax protest...
-
Two popular methods of financial statement analysis are horizontal analysis and vertical analysis. Explain the difference between these two methods. Discuss.
-
Draw the structure of Lys and Ala linked by an isopeptide bond.
-
Assume that the groups consist of 36 couples. a. Find the mean and standard deviation for the numbers of girls in groups of 36 births. b. Use the range rule of thumb to find the values separating...
-
How many grams of sodium bicarbonate are contained in a \(175 \mathrm{~mL}\) solution of \(1.85 \% \mathrm{w} / \mathrm{v}\) sodium bicarbonate?
-
Strawn Corporation had these transactions during 2012. (a) Purchased a machine for $30,000, giving a long-term note in exchange. (b) Issued $50,000 par value common stock for cash. (c) Issued...
-
This is calc2 on the topic of Using the Definite Integral Step 1: sketch the 3-dimensional solid. Step 2: sketch a slice of the solid. Step 3: use a right triangle inside the slice to either set up a...
-
Fire Loss, computing inventory costs a distraught employee, Fang W. Arson, put a torch to a manufacturing plant on a blustery February 26. The resulting blaze destroyed the plant and its contents....
-
Explain how the related party construct and the arm's-length transaction concept interact.
-
What is the difference between a taxable entity and a conduit entity?
-
Suppose you work for a furniture manufacturer, one of whose products is the chair depicted in Figure 14-5. Finished goods inventory is held in a central warehouse in anticipation of customer orders....
-
Explain the investing and financing activities classifications on a statement of cash flows. Give your own example of each type of activity.
-
a) Explain three inventory valuation methods b) Discuss the implications of choosing different inventory methods on financial statement. c) How are these methods used to manipulate net income without...
-
the different types of budgets that are prepared along with their objectives and importance of those budgets in that particular industry. 1. Automobile Industry;
-
what major ecosystems exist in the area where you live or where you came from.How have they been impacted by humans in the last fifty or so years?
-
How is NoSQL, newSQL help improve our daily activity? How will noSQL and/or new SQL help with future technology How is big data security work? How is big data security apply to our daily activity and...
-
What do you understand by the term insider trading? Explain the legal provisions in this regard with examples.
-
Suppose that A is an m n matrix with linearly independent columns and the linear system LS(A, b) is consistent. Show that this system has a unique solution.
-
What is the main purpose of monitoring and controlling a project?
-
1. What is a master? 2. What is a servant? 3. Are all agents servants? 4. What kind of agent is an employee?
-
1. Why do we care whether an agent is a servant or an independent contractor? 2. You said generally not liable for the torts of an independent contractor. When is a principal liable for these torts?
-
Did the trial court properly grant Furrs motion for summary judgement? Is Duran entitled to a trial?
-
Jones expects an immediate investment of $ 3 2 , 3 6 0 . 3 0 to return $ 7 , 0 0 0 annually for six years, with the first payment to be received one year from now. What rate of interest must Jones...
-
Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $ 0 . 3 5 for 3 , 2 0 0 and $ 0 . 3 0 for 6 , 4 0 0 . Required: If...
-
Natasha owns a whole life policy on her life in the amount of $ 1 5 0 , 0 0 0 . Her son, Jack, is the designated beneficiary. Each year, Natasha receives an annual statement from the insurance...
Study smarter with the SolutionInn App