Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
hmh:
--- Quote from: anusha500 on June 10, 2009, 07:52:52 pm ---is this paper only 30 questions?
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Yea CIE changed format.. nw its 30 questions and 45 mins
bball92:
--- Quote from: hdbkiwi on June 10, 2009, 07:11:45 pm ---
--- Quote from: hdbkiwi on June 10, 2009, 05:00:02 pm ---
--- Quote from: Name on June 10, 2009, 04:54:45 pm ---
--- Quote from: aquarian93 on June 10, 2009, 04:39:16 pm ---omg i hav the same question!
and i think ders smthng rong wid da mark scheme of may 04 in this website? its weird :S
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it IS weird i was just doing this paper. some answers were like WAT?? especially the one about the substitute and the limited seats one
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the supply is fixed so its vertical-demand is relatively inelastic-lol I got it wrong because i put supply infinite because I did it too fast^^
I have another question-whats a 'basis of taxation' or a 'tax base'? and what are commission payments?
and what is 'current income balance' and 'current transfer balance' well maybe what's the difference might be better-I know its related to BOP but...yeah help would be appreciated thanks :)
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anyone know any of these?? pleease haha :)
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er ill take ahot at some of it.
No idea what a tax base is, i suggest you google it :P sorry
Commission payments are (if theyre the ones we do in business) a method of rewarding employees in addition to their salary, the employee gets a certain fixed % from every sale they conduct, its one of the many ways to reward employees who can also be rewarded by e.g. pay by performance, fringe benefits, promotion etc.
Current income balance is as you may have guessed :P the balance on incomes. It comes after the balance of services in the structure of the current account and is a balance of inflows (wages paid to citizens working abroad, + interests and dividends earned by citizens on abroad investments) and outflows (wages paid to workers temporarily working in the country, + profits/dividends/interest to overseas firms investing in UK.
Current Transfers Balance comes after current income balance in structure and is a balance of inflows e.g. subsidies received from European Union, and outflows such as taxes and excise duties paid to the EU.
note: inflows are also called credits and outflows are also called debits :P
hope that helped =)
hmh:
--- Quote from: hdbkiwi on June 10, 2009, 07:22:01 pm ---Hmh-please do you know??
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Basis of taxation:
The government needs money to pay for public expenditure. Revenue can be raised thru taxation, national insurance contributions, borrowing, charging for serices or by selling off state-owned assets.
Taxation:
- To raise money to pay for government spending.
- To discourage people from buying harmful goods such as cigarettes.
- To influence the level of total demand in the economy.
Principles of taxation:
- A tax should be certain so that everyone knows the amount, method and time of tax payment.
- A tax should be convenient so that tax collection is at a time and in a form suitable to the payer.
- A tax should be economical with the cost of collection representing only a small part of the revenue raised.
- A tax should be equitable (fair) so wealth pay more than poor.
- A tax should not act as a disincentive and stop people from working.
Main types of taxes: Income tax, VAT ( Value Added Tax) this tax is on spending, Duties (on luxury goods), Council tax, Corporation tax (tax on property).
phew...thts everything about taxation! ;D
Hope it helps :)
hdbkiwi:
Thank you so so so so so so so so much :D
+rep whenever I see your name mate ^^ ;D
hmh:
--- Quote from: hdbkiwi on June 10, 2009, 09:27:31 pm ---Thank you so so so so so so so so much :D
+rep whenever I see your name mate ^^ ;D
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lol..tht isnt fair on others i guess :P. Thanks m8 :)
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