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All states impose excise taxes on gasoline. According to data from the Federal Highway Administration, the state of California imposes an excise tax of $0.18 per gallon of gasoline. In 2005, gasoline sales in California totaled 15.6 billion gallons. What was California's tax revenue from the gasoline excise tax? If California doubled the excise tax, would tax revenue double? Why or why not?
q. in may 2011 french real estate company issued convertible bonds with a net face value of 480 million. each 1000 bond
Except for $2,000 which was used for purchase of raffle tickets, the others were made to various approved charitable organizations without consideration. The raffle tickets were used for lucky draw by the general staff during the annual dinner.
the rowdy fun is a limited partnership and was formed on june 1 2005 by thomas kyle its general partner and two other
leland manufacturing uses 10 units of part kj37 every month in the production of radar equipment. the accountant says
Calculate their taxable income and tax liability.
Prepare a memo to the MD that explains the following Minimize income tax and Minimize capital gains tax - Minimize estate tax
Calculate Johnsons expense deduction using the 2011 Form 2106 (Employee Business Expenses) based on actual automobile expenses and other employee business expenses.
Advise JB of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2011.
Advise Bunny of its GST consequences arising from the above information.
Explain why we use these three requirements. (Hint: discuss how the relevant accounts, and the corresponding accounts, for each of the three requirements effect aspects of the Balance Sheet and Income Statement, in terms of overstatements or under..
Determine the days sales uncollected for both companies as of the end of the present period. Which company is doing a better job in managing the collection of its receivables?
question 1wedge corporation uses a discount rate of 14 and has a tax rate of 30. the subsequent cash flows occur in the
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