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Calculate indirect taxes from the following data: NDP at FC 55915 Subsidies 1540 Factor income from abroad 625 Consumption of fixed capital 1625 Factor income to abroad 865 GNP at MP 58350?
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Calculate indirect taxes from the following data: NDP at FC 55915 Subs...
Calculating Indirect Taxes


Step 1: Determine Gross National Product at Market Price (GNP at MP)

The first step in calculating indirect taxes is to determine the Gross National Product at Market Price (GNP at MP). In this case, the GNP at MP is given as 58350.


Step 2: Add Indirect Taxes to GNP at MP

The next step is to add indirect taxes to the GNP at MP. However, the problem does not provide any information on the indirect taxes. Therefore, we cannot calculate the indirect taxes.


Step 3: Subtract Subsidies from GNP at MP

The problem provides subsidies of 1540. To calculate the indirect taxes, we need to subtract the subsidies from the GNP at MP. Therefore, the calculation is as follows:


GNP at MP = 58350

Subsidies = 1540

Indirect Taxes = GNP at MP - Subsidies

Indirect Taxes = 58350 - 1540

Indirect Taxes = 56810


Step 4: Adjust for Factor Income from and to Abroad

The problem provides information on factor income from abroad and factor income to abroad. To calculate the indirect taxes, we need to adjust for these factors. Therefore, the calculation is as follows:


Factor income from abroad = 625

Factor income to abroad = 865

Indirect Taxes = Indirect Taxes - Factor income from abroad + Factor income to abroad

Indirect Taxes = 56810 - 625 + 865

Indirect Taxes = 56450


Step 5: Adjust for Consumption of Fixed Capital

The problem provides information on consumption of fixed capital. To calculate the indirect taxes, we need to adjust for this factor. Therefore, the calculation is as follows:


Consumption of fixed capital = 1625

Indirect Taxes = Indirect Taxes - Consumption of fixed capital

Indirect Taxes = 56450 - 1625

Indirect Taxes = 54825


Step 6: Final Result

The final result of the calculation is 54825. Therefore, the indirect taxes in this scenario are 54825.
Community Answer
Calculate indirect taxes from the following data: NDP at FC 55915 Subs...
Indirect Tax = { 1725 }

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Calculate indirect taxes from the following data: NDP at FC 55915 Subsidies 1540 Factor income from abroad 625 Consumption of fixed capital 1625 Factor income to abroad 865 GNP at MP 58350?
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Calculate indirect taxes from the following data: NDP at FC 55915 Subsidies 1540 Factor income from abroad 625 Consumption of fixed capital 1625 Factor income to abroad 865 GNP at MP 58350? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate indirect taxes from the following data: NDP at FC 55915 Subsidies 1540 Factor income from abroad 625 Consumption of fixed capital 1625 Factor income to abroad 865 GNP at MP 58350? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate indirect taxes from the following data: NDP at FC 55915 Subsidies 1540 Factor income from abroad 625 Consumption of fixed capital 1625 Factor income to abroad 865 GNP at MP 58350?.
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