Bookkeeping

But economists agree that some portion of these taxes is shifted forward to others, in the form of higher prices for consumers, lower wages for workers, reduced returns to shareholders, or some combination of the three. In 32 U.S. states plus Washington D.C., taxes are progressive, which means rates go up as your income does. […]

Transaction drivers include number of transaction which results in overhead costs e.g., inspections performed, setups undertaken, number of purchase orders etc. Activity cost centres are, sometimes, similar to cost centres used under traditional costing system. In case the purchase department and purchasing activity both are treated as cost centres, the support activity cost centre also