Explain the reason of Z, the friend of J for the negative view on tax course.

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Answer 1

Question

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

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Answer 2

Question

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

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Answer 3

Question

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

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Answer 4

Question

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

Answer 6

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

Answer 7

Chapter 1, Problem 1DQ

To determine

Explain the reason of Z, the friend of J for the negative view on tax course.

Answer 8

Expert Solution & Answer

Explanation of Solution

What is Tax: A tax is a payment levied by the order of Federal, state or local government agencies and collected from the general public to fund the developmental work of the government and not directly linked to the benefits received by the public. A tax must have following characteristics;

1. Tax is mandatory payment from the eligible public/enterprise
2. Tax is levied by the Government agencies
3. Tax has no direct relationship with the benefit received by the taxpayer

Taxes are integral part of everybody’s life. Tax plays a major role on multiple personal/organizational decision of ones’ life, like deciding on the investment avenues, choosing among the different jobs, savings for specific needs of life, making or receiving gifts or estates, tax planning and many more.

Since, Tax is an important aspect of ones’ life and all must take tax course for their own interest. Hence, Z’s negative view on tax is out of place and naïve.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

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Explain the reason of Z, the friend of J for the negative view on tax course.

Concept explainers

Explain the reason of Z, the friend of J for the negative view on tax course.

Explanation of Solution

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