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Managers need allocation bases when they I. Allocate support department costs to operating departments
II. Trace direct costs to products
III. Trace direct labor to products
Payroll Tax
Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay their staff.
Tax Shifting
The process by which the economic burden of a tax is passed from one party to another.
Starting Wage
The initial salary offered to an employee by an employer when they begin a new job.
Excise Taxes
Taxes imposed on specific goods, such as tobacco and alcohol, either as a fixed amount per unit or as a percentage of the price.
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