Goods and Services Tax

Pink tax is when companies charge extra for female products. This also includes personal hygiene products such as sanitary pads and tampons which are considered an unessential item rather than basic necessity goods. To put it in simpler terms, we can say that it costs more money to look “feminine”. Price discrimination often takes place as diverse groups have dissimilar price elasticities for a particular product. That is an elaborative means of saying that they are more or less price sensitive.…

Accounts Receivable Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge…

dread doing our taxes, whether for our personal finances, our business, or the few dollars our child made flipping hamburgers last summer. Although filing a tax return is generally a once-a-year event, the activities that result in the final amounts reported occur all year long. That’s why the professionals at CK & Co offer year round service and planning. Why Choose a Certified Public Accountant CPAs devote years of study obtaining their degrees in subjects such as business management and…

In the business situation with Ahi Corporation, an employee of Ahi offers the suggestion of a using a “float” to earn interest on a payment due to Internal Revenue Service. In the past this practice of a free money was once encouraged by many, to help aid business, however in recent years is has been discouraged and it is not recommended. In 2003, Congress passed Check 21 (Check Clearing for the 21st Century Act), allowing banks to use scanned checks. The float days have decrease as well as…

Included are: administrative salaries, R&D costs for new products, and marketing expenses. We classify Operating Expenses differently from Cost of Sales, because we cannot link Operating Expenses directly to product or service creation. Depreciation, taking into account the wear and tear on some long term assets, such as machinery, tools and furniture, is also deducted from gross profit. The cost of the asset is Depreciated or Amortized (spread) over the estimated useable…

Revenue is the profits a company receive from sale of goods or services before any cost or expenses are subtracted; it is known as the top line on a company (Investopedia, 2016). General Electric recognizes revenue when all sales are final upon delivering or sales agreement are in place. Most of the GE multiple components are in the same agreement. GE total revenue as of December 31, 2012 was $ 146,684,000, as of December 31, 2013 was $146,045,000 and as December 31, 2014 was $148,589,000 (Yahoo…

Non-profit hospitals can be public or private healthcare organizations and the majority of U.S. hospitals are categorized as non-profit and usually exempt from paying taxes. They are structured under Section 501(c) (3) in the Internal Revenue Service (IRS) tax regulations and they pay no federal…

example, if to face dumping). Traditionally, for protection of domestic market, the state uses such measures as a ban of import of separate goods, quoting of their import or introduction of the customs duties. In the first half of the 20th century, any states had almost full sovereignty in the field of a foreign trade policy and entered such duties on foreign goods. However, emergence of GATT, and then creation of the WTO rather strongly limited possibilities of the states in the field of…

Sexism: Pink Tax How much do you pay for shampoo? If you are a woman you are most likely paying a much higher price compared to what a man may be paying. Sexism has been an issue that has not been eradicated. An example of sexism today against women can be seen through the pink tax and the unfair pricing of products aimed for the purchase by women. As consumers in today's society, women are faced with more financial need when it comes to having to buy products in the stores. This can be seen…

behavior are slightly different from each other beginning with the term consumer utility, this term was created by economists to describe the satisfaction or the usefulness a consumer acquires or obtains after using a good or service (Boundless, 2016) If a consumer continues to consume said good or product the level of satisfaction they get from that product starts to reduce or diminish which is known as diminishing marginal utility. It can be said that a consumer makes decisions based on the…