In some provinces, the provincial government has partnered up with the federal government to combine both...
In some provinces, the provincial government has partnered up with the federal government to combine both the provincial and federal sales tax into a:
Select one:
a. Harmonious Sales Tax (HST)
b. Harmonized Sales Tax (HST)
c. Honorary Sales Tax (HST)
d. Harmony Sales Tax (HST)
Homework Answers
The harmonized sales tax (HST) is a consumption tax. It is used in provinces where both the federal goods and services tax (GST) and the regional provincial sales tax (PST) have been combined into a single value-added sales tax.
Thus the answer is:-
b. Harmonized Sales Tax (HST)
Add Answer to:
In some provinces, the provincial government has partnered up
with the federal government to combine both...
Time Remaining: 1:49:44 Hide Show Time Remaining Part 1 of 2 - Multiple Choice Select the...
Time Remaining: 1:49:44 Hide Show Time Remaining Part 1 of 2 - Multiple Choice Select the ONE alternative that best completes the statement or answers the question Question 9 of 30 1 Points Which of the following statements regarding the Harmonized Sales Tax (HST) is true? A. The net HST Collected (HST Payable less HST Recoverable) is remitted to the federal government on a yearly, quarterly, or monthly basis. B. Sellers of HST taxable goods & services can claim an...
Some years ago, the Federal government cut the GST (the federal sales tax on goods and...
Some years ago, the Federal government cut the GST (the federal sales tax on goods and services which Ontario later blended into the PST to create the HST) by two percentage points. The federal government could have transferred this cut to income taxes instead, i.e. it could have decreased taxes on income instead of on the GST. Sources of income that taxes are paid on include labour (work) as well as investment earnings. Assuming that taxes are to be cut,...
T / F – Marriages in Canada are governed by both the provinces and the Federal...
T / F – Marriages in Canada are governed by both the provinces and the Federal government T / F – Reasonable child support arrangements are made at the discretion of the divorcing parties T / F – It is solely up to the discretion of a judge to determine child support amounts T / F – An entire farm is not considered a matrimonial home T / F – Parties can be legally separated and still live together including...
To increase revenue, the provincial government of Saskatchewan has decided to open up millions of acres...
To increase revenue, the provincial government of Saskatchewan has decided to open up millions of acres of previously unavailable land, and to rent it to farmers. At the same time, world corn prices increase. Please illustrate the effect of both of these events in the accompanying graph by shifting the supply curve and/or demand curve For profit maximizing farmers, which factor will determine how many acres of land to rent? Each farmer will have his or her own reasons for...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit reached 4% of GDP last year. b. The federal government spends too much. c. The federal government's spending is greater than its revenue to the treasury d. the federal government has increased its spending by 5% last year.
What was one of the federal government policy failures in 1930 that contributed to the Great...
What was one of the federal government policy failures in 1930 that contributed to the Great Depression? Select one: o a. the Smoot-Hawley Tariff b. the declaration of a bank "holiday C. the elimination of bank deposit insurance d. the creation of the Federal Reserve The Solow growth rate is the rate of economic growth that would occur given: Select one o a. flexible prices and the existing real factors of production. b. flexible prices and the expected real factors...
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both...
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers. If the demand for laboris relatively elasti when compared to the inelastic supply of labor, the burden of this tax will a. be divided equally between employees and employers b. Its impossible to tell from this information c. fall primarily on employees d.tall primarily on employers.
3. The U.S. federal government finances budget deficits by A. selling stock, much like a corporation....
3. The U.S. federal government finances budget deficits by A. selling stock, much like a corporation. B. printing additional currency. C. borrowing from the public. D. raising property taxes. E. raising sales taxes. 4. According to long-run projections, under current law, A. federal government spending as a percentage of GDP will rise gradually but substantially in the next several decades. B. federal taxes as a percentage of GDP will rise gradually but substantially in the next several decades. C. the...
If the federal government was required to balance its budget, when would government spending most likely...
If the federal government was required to balance its budget, when would government spending most likely decrease? Select one: a. When employment was rising rapidly for an extended period of time b. When unemployment was declining for an extended period of time c. When the economy was experiencing a strong expansion due to high business confidence d. When the economy was experiencing a demand pulled inflation e. A balance budget amendments ensures that government spending never decrease Suppose that the...
1 Delloel Ltd. on the note's maturity date. X EXERCISE 12-3 Baldwin Inc. operates in a...
1 Delloel Ltd. on the note's maturity date. X EXERCISE 12-3 Baldwin Inc. operates in a jurisdiction that levies two types of sales taxes: a federal, 6%, refundable goods and services tax and a provincial, 4% non-refundable sales tax. Both taxes are calculated on the base cost of the item, that is, there is no tax on the tax, and apply to all transactions. During the current year, the following transactions occurred: a. Inventory was purchased on account at a...
Time Remaining: 1:49:44 Hide Show Time Remaining Part 1 of 2 - Multiple Choice Select the ONE alternative that best completes the statement or answers the question Question 9 of 30 1 Points Which of the following statements regarding the Harmonized Sales Tax (HST) is true? A. The net HST Collected (HST Payable less HST Recoverable) is remitted to the federal government on a yearly, quarterly, or monthly basis. B. Sellers of HST taxable goods & services can claim an...
To increase revenue, the provincial government of Saskatchewan has decided to open up millions of acres of previously unavailable land, and to rent it to farmers. At the same time, world corn prices increase. Please illustrate the effect of both of these events in the accompanying graph by shifting the supply curve and/or demand curve For profit maximizing farmers, which factor will determine how many acres of land to rent? Each farmer will have his or her own reasons for...
Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit reached 4% of GDP last year. b. The federal government spends too much. c. The federal government's spending is greater than its revenue to the treasury d. the federal government has increased its spending by 5% last year.
What was one of the federal government policy failures in 1930 that contributed to the Great Depression? Select one: o a. the Smoot-Hawley Tariff b. the declaration of a bank "holiday C. the elimination of bank deposit insurance d. the creation of the Federal Reserve The Solow growth rate is the rate of economic growth that would occur given: Select one o a. flexible prices and the existing real factors of production. b. flexible prices and the expected real factors...
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers. If the demand for laboris relatively elasti when compared to the inelastic supply of labor, the burden of this tax will a. be divided equally between employees and employers b. Its impossible to tell from this information c. fall primarily on employees d.tall primarily on employers.
1 Delloel Ltd. on the note's maturity date. X EXERCISE 12-3 Baldwin Inc. operates in a jurisdiction that levies two types of sales taxes: a federal, 6%, refundable goods and services tax and a provincial, 4% non-refundable sales tax. Both taxes are calculated on the base cost of the item, that is, there is no tax on the tax, and apply to all transactions. During the current year, the following transactions occurred: a. Inventory was purchased on account at a...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago