BUSINESS AND TRANSFER TAXATION 6th Edition (BY: VALENCIA & ROXAS) 105 SUGGESTED ANSWERS Chapter 14: OTHER PERCENTAGE TAXES CHAPTER 14 PERCENTAGE TAXES Problem 14–1 1. False – 3% of gross sales or gross receipts. 2. False – business tax. 3. False – advalorem tax. 4. False – if the business is VAT-registered or engaged in business tax-exempt transactions‚ it shall not be subject to 3% OPT. Also not all OPT rate is 3%. 5. False – Non-VAT business is not allowed to have Input VAT. 6. True
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Chapter 14 - Base Rate Base rate is the mean number of times an event occurs divided by the mean number of times it might occur. Representativeness is a bias when people wholly and exclusively rely on pre-conceived notions. Empirical evidence suggests that people formulate their judgments by relying on representativeness and neglect the base rate. This results in sub-optimal judgments and guesses. Given a plausible base rate‚ the anchoring of judgment of the probability of an outcome whilst putting
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Chapter 27 1. Russia overturned its conservative policies in many ways. Alexander II removed the serfdom. Cultural nationalism led to political demands and worried the state. Their lust to become as successful as the west led them to industrialize. The lower classes suffered greatly in this time period‚ and they demanded better living conditions. Since the serfdom was disestablished‚ the government gave them land‚ but they would only be able to leave if they paid off the debt on the land. Many
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Analyze connections between regional issues and European struggles for global power in the mid-eighteenth century. Identify an additional type of document and explain how it would help your analysis of these connections. Analyze how political transformations contributed to continuities and changes in the cultures of the Mediterranean region during the period circa 200 C.E. to 1000 C.E. Analyze similarities and differences between the role of the state in Japan’s economic development and
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In the study of World history‚ there are many types of ways civilization can be defined. Many archeologists‚ anthropologists‚ and historians have found it to be very problematic in finding the one unsurpassed definition. No matter what people may disagree on when it comes to their definition of civilization‚ one thing is for sure‚ it is a society. However‚ a society can be made up of a long detailed list of different aspects and guidelines in order to make sure it stays intact‚ or it can be kept
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Chapter 5: Worlds Turned Inside Out‚ 1000 – 350 BCE Introduction Leaders became thinkers and teacher‚ not kings “the axial age”- pivotal period between ancient empires and the successor empires Alternative Pathways and Ideas In Eastern Zhou China‚ large territorial states and had formulas for ordering human behavior In Greece and the Levant‚ dynamic city-states and new ideas about good governance East and South Asia‚ Caribbean coast of Mexico‚ coasts of Mediterranean have sacred categories
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Chapter 26 Notes: Ottomans and Arabs Ottomans: Factors of Decline * Competition between elite * Weak rulers * Increasingly powerful Janissary corps * Increased competition from European merchants * Military challenges from the West * Ottomans vs. Russia (result: loss of Serbia‚ Greece‚ and most of Balkans) Survival * Played European rivals against each other * Selim III: reformed bureaucracy‚ new army and navy. Killed by janissaries in 1807 * Mahmud II: slaughtered
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Assignment 2 – Accounting Principles and Reporting Standards – Chapter 14: Discussion Questions Wilmary Colon Rivera California College San Diego January 10‚ 2015 ACC213 Nellie Hornbeck Assignment 2 – Accounting Principles and Reporting Standards – Chapter 14: Discussion Questions. 1. In the U.S accounting principles are developed through a cooperative effort between the private sector (business) and the public sector (government). Public sector ---- Government ---- Represented by SEC SEC – Securities
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Chapter 16 After the collapse of the Guptas in the 5th century‚ there is no reunification until the 16th century There is no central‚ imperial authority Politics and Kingdoms of North India Harsha (reigned 606-648)‚ a scholarly Buddhist emperor temporarily reunites northern Indian in the 7th century Umayyad forces capture Sind in NW India (711)‚ later Sing passes to Abbasid control Mahmud of Ghanzi from Afghanistan plunders North India 17 times from 1001-1024 -His plunders hastens decline
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The attitudes of Christianity and Islam toward merchants and trade from the religions in the 1500’s had mixed results. Many Christians didn’t accept merchants and trade because of their love for money‚while others thought it was okay only if you shared among the poor. Many Muslims thought that trading was okay as long as the merchants were fair‚ while others thought it was okay only if they they shared among the poor just like some Christians thought too. To better understand the attitudes of Christianity
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