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12345 [234]
2 years ago
11

In reviewing the "fine print" of Form W-4 and the definition for Exempt, what three questions could Ren have asked his father to

increase his understanding of his tax situation?
Business
1 answer:
JulijaS [17]2 years ago
8 0

In reviewing the "fine print" of Form W-4 and the definition for Exempt, the three questions  Ren could have asked his father to increase his understanding of her tax situation is that;

  1. Does the money i make per check influence the zero i put for row 5 and 6  
  2. How would I know if the IRS wouldn't come after me for exempting my taxes?
  3. Is there a threshold on the annual salary that I make, which disqualified me from an exemption on the W-4 form?

for better understanding, lets explain what the W-4 form is all about

  • W-4 form is simply known as a kind of form that an employee has to fill and complete to his employer so as to know to his or her tax situation such as exemptions, status and others. This form tells the employer of labor the correct amount of tax they have to withhold from an employee's paycheck.

  • To be exempted is to be free from paying something. In Ren's case, exemption will not require him to pay some aspect of tax. Asking the right questions like the ones above will guide Ren in his decision making and what to do.

From the above we can therefore say that the answer in reviewing the "fine print" of Form W-4 and the definition for Exempt, the three questions Ren could have asked his father to increase his understanding of her tax situation is that;

  • Does the money i make per check influence the zero i put for row 5 and 6  
  • How would I know if the IRS wouldn't come after me for exempting my taxes?
  • Is there a threshold on the annual salary that I make, which disqualified me from an exemption on the W-4 form?, is correct

Learn more about the W-4 form from:

brainly.com/question/24004215

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Coca-Cola launched 500 drinks around the world, some of which are truly unique. The Indian Coke subsidiary launched a chunky man
Artist 52 [7]

The strategy that used by Coca-Cola in the scenario is known as multidomestic strategy.

<h3>What is a multidomestic strategy?</h3>

A multidomestic strategy simply means an international strategy that chooses to focus on advertising and commercial efforts regarding the sale of a product.

In this case, the The Indian Coke subsidiary launched a chunky mango juice. This is an example of a multi domestic strategy.

Learn more about multidomestic strategy on:

brainly.com/question/25878979

5 0
3 years ago
the basic reason people operate businesses in the united states is their desire to a) serves their customers b) pay their taxes
Aleks04 [339]
<em>it would be answer  D</em>
5 0
4 years ago
Aaron Lynch Company has the following balances in selected accounts on December 31, 2019.
hichkok12 [17]

Answer:

The adjusting entries are sufficiently explained in the explanations below. Thank you.

Explanation:

The question is to determine the adjusting entries that are required for the accounts of Aaron Lynch Company for 31 Dec,2019

1) Paid $2,700 for 12 Months insurance cover in June, 2019

Insurance cover for 2019 = 7 monhts (June - Dec)/12 x $2,700= $1,575

Prepaid Insurance for 2020 = 5/12 x $2,700 = $1,125

2)Service Fee Collected for Consulting Services Dec 1, 2019 - March 31,2020

Service Fee for 2019 = 1 months/ 4 Months x $40,000 = $10,000

Unearned for 2020 = 3/ 4 months x $40,000 = $30,000

3)$900 woth of supplies are on hand

This is supply expenses

Based on these calculations, the adjusting journal entries are as follows

Date                                    Description               Debit            Credit

December, 31, 2019          Prepaid Insurance     1125

                                       Insurance Expense                          1,125

Being the record of Prepaid insurance for 2020

December, 31, 2019          Service Revenue      30,000

                                       Unearned Service Revenue             30,000

Being the record of unearned service revenue up till march,  2020

December, 31, 2019          Supplies                        900

                                       Supplies Expense                              900

Being the record of service revenue on hand December 31, 2020

7 0
3 years ago
Read 2 more answers
considering remodeling the office building. The costs are estimated at $2.8 million. After the building is remodeled, Delta expe
fomenos

Answer:

the benefit of carrying out the project is $119,666 in today's $

Explanation:

initial outlay = -$2,800,000

cash flow 1 = $820,000

cash flow 2 = $820,000

cash flow 3 = $820,000

cash flow 4 = $820,000

cash flow 5 = $820,000

discount rate = 12.5%

NPV = -$2,800,000 + $820,000/1.125 + $820,000/1.125² + $820,000/1.125³ + $820,000/1.125⁴ + $820,000/1.125⁵ = $119,666

5 0
3 years ago
Operating Leverage
amid [387]

Answer:

Degree of operating leverage= 1.4

Explanation:

Giving the following information:

Sales $6,160,000

Variable costs (4,620,000)

Contribution margin $1,540,000

Fixed costs (440,000)

Operating income $1,100,000

<u>To calculate the degree of operating leverage, we need to use the following formula:</u>

degree of operating leverage= Total contribution margin / operating income

degree of operating leverage= 1,540,000 / 1,100,000

degree of operating leverage= 1.4

3 0
3 years ago
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