Identities are statements that are true for any number.
🔄 Click to see term
Term1/13
How do you work the math question for how much will an employee will earn per hour if a job is for 35 hours per week and an employee can earn 542.50 per week
🔄 Click to see definition
Definition1/13
15.50
🔄 Click to see term
Term1/13
How much will you pay the cashier for a candy bar that originally costs 79 cents and is now marked 15 percent off Sales tax is 5.5 percent
🔄 Click to see definition
Definition1/13
0.71 or .71
(A+)
🔄 Click to see term
Term1/13
How much will you pay the cashier for a candy bar that originally costs 79 cents and is now marked 15 percent off Sales tax is 5.5 percnet
🔄 Click to see definition
Definition1/13
You will pay 71 cents.
🔄 Click to see term
Term1/13
What best describes the person who oversees the reading of your will and ensures your last wishes are followed
🔄 Click to see definition
Definition1/13
executor
🔄 Click to see term
Term1/13
Which of these is not required of the company by the FTC when you order something by mail phone fax or computer
🔄 Click to see definition
Definition1/13
Issue a store credit within 7 days if the order is canceled or
not shipped on time.
🔄 Click to see term
Term1/13
What occurs when a producer is unable to meet the demand of a certain product
🔄 Click to see definition
Definition1/13
asswhole
🔄 Click to see term
Term1/13
What legal guarantee that the manufacturer will provide certain repairs should portions of the car wear out earlier than expected
🔄 Click to see definition
Definition1/13
Warranty.
🔄 Click to see term
Term1/13
Income tax is considered to be which type of tax
🔄 Click to see definition
Definition1/13
Income Tax is a DIRECT TAX. The Supreme Court has made this
point very clear in 1916 only 3 years after the 16th Amendment,
commonly referred to as the Income Tax amendment, was ratified. The
16th Amendment confirms that the Income Tax can ONLY be imposed
under the category of Indirect. The 16th amendment is a moot point
in the scheme of things anyway. All it did was to confirm Congress'
taxing power by the US Supreme court concerning income tax as an
indirect tax and nothing else! Income Tax is an INDIRECT tax by
it's very nature. It is NOT a direct tax as others here have
suggested. The 2 US Supreme Court Cases in 1916 settled that this
very question are as follows: BRUSHABER v. UNION PACIFIC R. CO.,
240 U.S. 1 (1916) AND STANTON v. BALTIC MINING CO, 240 U.S. 103
(1916) The Court said specifically in the Stanton case the
following: " it manifestly disregards the fact that by the
previous ruling it was settled that the provisions of the 16th
Amendment conferred no new power of taxation, but simply prohibited
the previous complete and plenary power of income taxation
possessed by Congress from the beginning from being taken out of
the category of indirect taxation to which it inherently belonged,
" So here we can see, beyond ANY shadow of a doubt, that the court
confirms that Congress can lay an income tax but ONLY as an
indirect tax. And as a side note, most tax professionals do NOT
read the law to determine who is liable for the tax. Most tax
professionals read IRS publications and just ASSUME anyone who
makes money now owes an Income Tax. The most important aspects are
glossed over like whom is subject to the tax, whom is liable for
the tax (yes, it's different than whom the subject is), under what
circumstances domestic US source income becomes taxable. So the who
what when where and why are for the most part discarded as
important by practically anyone whom works in the tax industry.
IRS Publications tell the story a bit different than a tax
"professional" would. IRS Publications are sort of like "New
Letters" put out by the IRS to the tax industry, including mostly
ALL CPA's and Tax "Professionals". The IRS has a manual available
on their website which any one can go read. Here's what THEIR OWN
manual says about their own publications: 4.10.7.2.8 (01-01-2006)
IRS Publications "IRS Publications explain the law in plain
language for taxpayers and their advisors. They typically highlight
changes in the law, provide examples illustrating Service
positions, and include worksheets. Publications are nonbinding on
the Service and do not necessarily cover all positions for a given
issue. While a good source of general information, publications
should not be cited to sustain a position." The IRS has plainly
stated in their OWN manual that Publications are NOT to be cited to
sustain positions about the LAW even though that is what all tax
professionals do anyway. This is because IRS publications and
pamphlets are NOT the law. The IRS has already vindicated
themselves from people who WRONGLY use publications like law. So
hopefully this has gotten you on the proper path to actually
understanding what the "Income Tax" actually is and especially what
it ISN'T! And, this is just the tip of the Iceberg of the
mis-understandings the general public have about Income Tax law. So
next time somebody says it's an direct tax, you can confidently
re-correct them and confirm that it is, beyond a shadow of a doubt,
an indirect tax.
🔄 Click to see term
Term1/13
If nancy pays her bank 465.23 a month for 48 months how much will she have paid on her installment loan-
🔄 Click to see definition
Definition1/13
If Nancy pays her bank 465.23 a month for 48 months, the amount
paid on every installment would be 116.3075/n where n is the
amount.
🔄 Click to see term
Term1/13
Angela wants to calculate her take-home pay. She earns 1377 monthly. She pays federal tax of 200 state tax of 41.31 and 7.65 in FICA tax. What is Angela's monthly net pay
🔄 Click to see definition
Definition1/13
1030.35
🔄 Click to see term
Term1/13
This is the Reed family budget. How much discretionary income does the family have each month
🔄 Click to see definition
Definition1/13
474
🔄 Click to see term
Term1/13
Which of these is not part of the Preamble
🔄 Click to see definition
Definition1/13
The answer is Which of these is not part of the Preamble?
🔄 Click to see term
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Cards in this guide (13)
Statements that are true for any number
Identities are statements that are true for any number.
How do you work the math question for how much will an employee will earn per hour if a job is for 35 hours per week and an employee can earn 542.50 per week
15.50
How much will you pay the cashier for a candy bar that originally costs 79 cents and is now marked 15 percent off Sales tax is 5.5 percent
0.71 or .71
(A+)
How much will you pay the cashier for a candy bar that originally costs 79 cents and is now marked 15 percent off Sales tax is 5.5 percnet
You will pay 71 cents.
What best describes the person who oversees the reading of your will and ensures your last wishes are followed
executor
Which of these is not required of the company by the FTC when you order something by mail phone fax or computer
Issue a store credit within 7 days if the order is canceled or
not shipped on time.
What occurs when a producer is unable to meet the demand of a certain product
asswhole
What legal guarantee that the manufacturer will provide certain repairs should portions of the car wear out earlier than expected
Warranty.
Income tax is considered to be which type of tax
Income Tax is a DIRECT TAX. The Supreme Court has made this
point very clear in 1916 only 3 years after the 16th Amendment,
commonly referred to as the Income Tax amendment, was ratified. The
16th Amendment confirms that the Income Tax can ONLY be imposed
under the category of Indirect. The 16th amendment is a moot point
in the scheme of things anyway. All it did was to confirm Congress'
taxing power by the US Supreme court concerning income tax as an
indirect tax and nothing else! Income Tax is an INDIRECT tax by
it's very nature. It is NOT a direct tax as others here have
suggested. The 2 US Supreme Court Cases in 1916 settled that this
very question are as follows: BRUSHABER v. UNION PACIFIC R. CO.,
240 U.S. 1 (1916) AND STANTON v. BALTIC MINING CO, 240 U.S. 103
(1916) The Court said specifically in the Stanton case the
following: " it manifestly disregards the fact that by the
previous ruling it was settled that the provisions of the 16th
Amendment conferred no new power of taxation, but simply prohibited
the previous complete and plenary power of income taxation
possessed by Congress from the beginning from being taken out of
the category of indirect taxation to which it inherently belonged,
" So here we can see, beyond ANY shadow of a doubt, that the court
confirms that Congress can lay an income tax but ONLY as an
indirect tax. And as a side note, most tax professionals do NOT
read the law to determine who is liable for the tax. Most tax
professionals read IRS publications and just ASSUME anyone who
makes money now owes an Income Tax. The most important aspects are
glossed over like whom is subject to the tax, whom is liable for
the tax (yes, it's different than whom the subject is), under what
circumstances domestic US source income becomes taxable. So the who
what when where and why are for the most part discarded as
important by practically anyone whom works in the tax industry.
IRS Publications tell the story a bit different than a tax
"professional" would. IRS Publications are sort of like "New
Letters" put out by the IRS to the tax industry, including mostly
ALL CPA's and Tax "Professionals". The IRS has a manual available
on their website which any one can go read. Here's what THEIR OWN
manual says about their own publications: 4.10.7.2.8 (01-01-2006)
IRS Publications "IRS Publications explain the law in plain
language for taxpayers and their advisors. They typically highlight
changes in the law, provide examples illustrating Service
positions, and include worksheets. Publications are nonbinding on
the Service and do not necessarily cover all positions for a given
issue. While a good source of general information, publications
should not be cited to sustain a position." The IRS has plainly
stated in their OWN manual that Publications are NOT to be cited to
sustain positions about the LAW even though that is what all tax
professionals do anyway. This is because IRS publications and
pamphlets are NOT the law. The IRS has already vindicated
themselves from people who WRONGLY use publications like law. So
hopefully this has gotten you on the proper path to actually
understanding what the "Income Tax" actually is and especially what
it ISN'T! And, this is just the tip of the Iceberg of the
mis-understandings the general public have about Income Tax law. So
next time somebody says it's an direct tax, you can confidently
re-correct them and confirm that it is, beyond a shadow of a doubt,
an indirect tax.
If nancy pays her bank 465.23 a month for 48 months how much will she have paid on her installment loan-
If Nancy pays her bank 465.23 a month for 48 months, the amount
paid on every installment would be 116.3075/n where n is the
amount.
Angela wants to calculate her take-home pay. She earns 1377 monthly. She pays federal tax of 200 state tax of 41.31 and 7.65 in FICA tax. What is Angela's monthly net pay
1030.35
This is the Reed family budget. How much discretionary income does the family have each month
474
Which of these is not part of the Preamble
The answer is Which of these is not part of the Preamble?