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Activity: Cartels and CompetitionConcepts: Incentives matter Increases in supply lead to reductions in price Cartels increase their profits and market prices by restricting production Desire for profit
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ERP-1 is a form used for reporting employee information to the tax authorities.
Employers are required to file ERP-1 for each employee.
ERP-1 is typically filled out electronically using a software provided by the tax authorities. Employers need to input employee information such as name, identification number, income details, and tax deductions.
The purpose of ERP-1 is to accurately report employee income and deductions to ensure proper tax collection.
Information such as employee name, identification number, income details, tax deductions, and any other relevant information for tax reporting purposes must be included in ERP-1.
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