Homework Answers
The criteria for an individual will differ from country to country. In a country like India, the criteria for an individual is
there are 4 types of income earners are there
- Earners up to 2.5 Lakhs
- Earners between 2.5 to 5 Lakhs
- Earners Between 5 to 10 Lakhs
- Earners above 10 Lakhs
Income Range Tax Rate Tax to be Paid
| Up to Rs.2,50,000 | 0 | No tax |
| Between Rs 2.5 lakhs and Rs 5 lakhs | 5% | 5% of your taxable income |
| Between Rs 5 lakhs and Rs 10 lakhs | 20% | Rs 12,500+ 20% of income above Rs 5 lakhs |
| Above 10 lakhs | 30% | Rs 1,12,500+ 30% of income above Rs 10 lakhs |
Add Answer to:
Question 1 Discuss with what criteria the government of a country would consider whether an individualis...
What is the criteria for individual tax system in Hong Kong to see if the individual...
What is the criteria for individual tax system in Hong Kong to see if the individual is chargeable to income tax
Choose any country and discuss the following: 1. Is the country’s government concerned about the quality...
Choose any country and discuss the following: 1. Is the country’s government concerned about the quality of education? a. What correlation is there between the country’s educational attainment and its economic growth rate? b. Its standard of living?
Question 2 Based on the Double of Tax Arrangement signed between the Mainland of China and...
Question 2 Based on the Double of Tax Arrangement signed between the Mainland of China and Hong Kong Special Administrative Region, discuss with what criteria a Hong Kong company may be chargeable with the PRC corporate income tax (ie. enterprise income tax).
Consider a situation where “David” works for a US based firm in another Country “XYZ”. The...
Consider a situation where “David” works for a US based firm in another Country “XYZ”. The government in Country XYZ assesses taxes at an exorbitant rate as the firms are expected to report only 70% of their actual earnings. If a firm reported its actual earnings, the taxes would force it out of business. David’s firm is considering whether it should adopt the local practice of dishonestly reporting its profits to Country XYZ, even though it would be illegal to...
Consider a small country that is closed to trade, so its net exports are equal to zero
The algebra of tax multipliers Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the economy of this country in billions of dollars, where C is consumption, DI is disposable income, I is investment, and G is government purchases: C= 30 + 0.5 x DI G= 40 I = 70 Initially, this economy had a lump sum tax. Suppose net taxes were $30 billion, so that disposable income was equal to Y -...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC=0.75) O A GDP stays the same OB GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion D.GDP will decrease QUESTION 13 An example of an automatic...
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the economy of this country in billions of dollars, where C is consumption, DI...
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the economy of this country in billions of dollars, where C is consumption, DI is disposable income, I is investment, and G is government purchases:C=100+0.75×DI G= 50 I=80 Initially, this economy had a lump sum tax. Suppose net taxes were $40 billion, so that disposable income was equal to Y – 40, where Y is real GDP. In this...
Select one (1) developing country, and discuss the fundamental actions that the leadership of the selected...
Select one (1) developing country, and discuss the fundamental actions that the leadership of the selected country is — or is not — taking to improve the living standards of its people. Next, using this same country, cite one (1) specific example of progress or regress that its government is making in terms of the economy, the political system, and the environment. Please provide the references used so I can research.
Discuss the factors you would consider in deciding whether to employ offshore outsourcing for a particular...
Discuss the factors you would consider in deciding whether to employ offshore outsourcing for a particular project.
Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of...
Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of $1,000,000,000 in 2019 and then $1,020,000,000 in 2020. The population growth was 1% from 2019 to 2020. Given these numbers, how long would it take for the country to double its real GDP? 20 years 28 years 35 years 56 years Never Question 11 2 pts For the country of Scott-opolis, how long would it take for the country to double its real GDP...
Question 2 Based on the Double of Tax Arrangement signed between the Mainland of China and Hong Kong Special Administrative Region, discuss with what criteria a Hong Kong company may be chargeable with the PRC corporate income tax (ie. enterprise income tax).
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC=0.75) O A GDP stays the same OB GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion D.GDP will decrease QUESTION 13 An example of an automatic...
Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of $1,000,000,000 in 2019 and then $1,020,000,000 in 2020. The population growth was 1% from 2019 to 2020. Given these numbers, how long would it take for the country to double its real GDP? 20 years 28 years 35 years 56 years Never Question 11 2 pts For the country of Scott-opolis, how long would it take for the country to double its real GDP...
Most questions answered within 3 hours.
-
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 1 hour ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 1 hour ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 2 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 2 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 3 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 3 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 4 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 5 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 6 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 6 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 6 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 6 hours ago