3 Flashcards
Is a product that people buy with the hope of that they will be beneficial or will generate income in the future
Investment
Also known as marketable securities or temporary investments that can easily be converted to cash typically within 5 years.
Short term investment
Includes buying of property and plan to resolve them if the value increase other by stocks and bonds it keep these assets for more than one year
Long term investment
Is a place where traders can buy and sell stocks
Philippine stock exchange
Is a proof of ownership of a certain portion of the corporation and your entitled to a percentage shares of all its gains and losses
Stocks
It is where a company directly borrow money from exchange for an interest
Bonds
Is the amount paid regularly at a particular rate for the payment of borrowed capital for the rate og 6% per annum as per bsp in the absence of any stipulation in the contract
Interest
Is the payment for the use of land belonging to the landowner
Rent
Are those who work for private households private establishments government and government controlled corporations and those who work with pay in own family operated farm or business
Wages and salaries
Are classified as their full time or part time workers
Employed workers
Are those who work 40 hours or more
Full time workers
Are those who work less than 40 hours
Part time workers
Is derived from an abridged version of the praise and of
Endo
Is also sometimes referred to 555 referring to the number of months until a non-regular employees termination or end of contract
Endo
Effects of high taxes
Inadequate income
Low wages
High prices
Substandard products
Product unavailability and continuation
Poverty and crime
Workers feel the greater part of this burden
Inadequate income
So many taxes that the employee cannot pay good wages
Low Wages
Have to raise prices of the product to pay taxes
High Prices
More money spend in paying multiple taxes than spend to improve the quality of the product
Substandard products
Property taxes make the business to have a second thought in stocking products with lower quantities
Product and ability and continuation
Many people unable to find jobs and commit crimes that make business feel unsecured
Poverty and high crime
Republic act number 10963 is the initial package of the comprehensive tax reform program signed into law by president rodrigo duterte on december 19 2017
Train law
