Unit 3
What are the benefits of it? What are the costs?
Benefit: Increase Employee satisfaction, Improved Public image, Increased Customer Loyalty, Increased Creativity, and CSR is a win/win.
Costs: CSR cost money to implement, Conflicts with the Profit Motive, and Consumers are wise to green washing.
Why should people be taxed?
People should be taxed because taxes help support the general public and things that everyone uses, such as highways, roads, libraries. Although taxes also help provide to the poor and defense like supplying the war
What is CSR?
Corporation Social Responsibility is when a corporation self-regulates and play a positive role within the community. They consider the environmental and social impact of business decisions.
What is a determinant in how much taxes one pays?
How much money you make puts you in a tax bracket. So if you earn over a certain amount you have to pay more money in taxes.
What do the quadrants of ESBI do? What are their tax benefits?
E:Employee (least tax benefits)
S: Self Employee (Least tax benefits)
B: Business Owners (Most Tax Benefits)
I: Investors (Most Tax benefits)
What is the difference between the rich and the ultra rich?
The biggest difference between the “rich”, that is high-income employees, and the ultra-rich is mindset.
What does the tax laws incentive people to do?
They incentive them to invest and start companies
What can lower taxable income and impact tax bracket?
Tax Exemption, Tax Deduction, Tax Credit
Which of the cashflow quadrants has the most tax benefits and why?
Out of the four cashflow quadrants taxes have the most benefits for investors because investors do not need to pay nearly anything despite them making large amounts of money
What documents do I need to file taxes?
Social Security documents
Income statements such as W-2s and MISC-1099s Tax forms
Tax deduction records
Expense receipts