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Andreyy89
2 years ago
15

what is the relationship between the amount of federal tax deducted from your paycheck and the number of dependents you claim on

your W-4?
Business
1 answer:
PtichkaEL [24]2 years ago
5 0

The relationship between the amount of federal tax deducted and the number of dependents is that the more dependents you have, the less federal tax you pay.

<h3>How do dependents affect income tax?</h3>

Claiming dependents on your W-4 means that you are claiming allowances, and the higher the number of allowances claimed, the lower the tax withheld from you.

The logic behind this is that if you have more dependents, you will need more of your income to take care of them.

Find out more on claiming allowances on taxes at brainly.com/question/6942700.

#SPJ1

You might be interested in
If a company reports profit margin of 33.1% and investment turnover of 1.20 for one of its investment centers, the return on inv
PolarNik [594]

If the investment turnover is  1.20 for one of its investment centers, the return on investment must be: 39.72%.

Using this formula

Return on investment = Profit margin ×Investment turnover

Where:

Profit margin=33.1% or 0.331

Investment turnover=1.20

Let plug in the formula

Return on investment = 0.331×1.20

Return on investment = 0.3972×100

Return on investment = 39.72%

Inconclusion If the investment turnover is  1.20 for one of its investment centers, the return on investment must be: 39.72%

Learn more about return on investment here: brainly.com/question/23823344

7 0
2 years ago
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie
Salsk061 [2.6K]

Answer:

take the payments over time payout

Explanation:

My personal opinion/advice would be to take the payments over time payout. There are many reasons for this, the first one being that most individuals are not used to receiving large sums of cash and usually end up wasting all the money as soon as they receive it, which usually does not occur if the payments are made over time. The second and more important reason is that if the payments are made over different years your would pay a much lesser amount on taxes every year that passes. This means that the even with the interest rate you would most likely have more overall money if you take the payments over time.

8 0
3 years ago
Parker Pharmaceuticals is a corporation that employs over 400 workers. As the firm continues to grow, the need for discipline am
Virty [35]

Answer:

The following best supports a decision to use the progressive disciplinary action approach:

B) Parker wants an informal procedure for disciplining employees.

Explanation:

A disciplinary procedure is the way your employer deals with discipline when they believe that your conduct or performance is not up to the expected standard. Disciplinary procedures may involve something as simple as an informal chat, and escalate to involve letters, meetings and appeals

Informal disciplinary actions include: oral or written admonishments; letters of counseling, caution, instruction or warning, as well as letters of requirement.

These are the steps of progressive discipline actions:

Step 1: Verbal Counseling(s) A verbal counseling is generally the first step of progressive discipline.  

Step 2: Written Warning(s) A written warning is generally the second step of progressive discipline.

Step 3: Performance Improvement Plan (PIP).

Step 4: Termination of Employment.

In most cases, it is far better for the employer to resolve issues informally wherever possible. Depending on what the issue is, it may be appropriate to have an informal chat or verbal warning with someone rather than going through the process of issuing a formal warning.

The purpose of an informal meeting is to discuss issues which would not have an appropriate place in a formal meeting. They may be designed to make one of the participants feel more at ease and more free to speak their mind than they would in a more formal setting.

4 0
3 years ago
he condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At Dece
Juliette [100K]

Answer:

current ratio  for MARJORAM  = Current asset / current liabilities

                                                   =  $173,000/ $108,400

                                                    =  1.59

Explanation:

step 1 :calculate the total current asset of the company which is calculated below.

current asset

Cash                         $19,000

Note Receivable         35,000

Account Receivable    48,400

Inventory                    <u>  70,600</u>

Total                         <u> 173,000</u>

Note receivable is included in the current asset because its due date is less than 12 months.

step 2 : divide the current asset by the current liabilites in order to determine the current ratio

7 0
3 years ago
Mountain High Ice Cream Company transferred $72,000 of accounts receivable to the Prudential Bank. The transfer was made with re
docker41 [41]

Answer:

Journal Entry

Explanation:

Cash Dr,                                      $63,360

Loss on sale receivable Dr,       $6,640

Receivable from factor Dr,         $6,200

         To resource liability                      $4,200

          To Accounts receivable               $72,000

(Being transfer on the books of Mountain High is recorded)

Working Note :-

2% × $72,000 = $1,440

Cash = ($72,000 × 0.90) - ($72,000 × 0.02)

= $64,800 - $1,440

= $63,360

Loss on sale receivable = ($4,200 + $72,000) - ($63,360 + $6,200)

= $76,200 - $69,560

= $6,640

8 0
4 years ago
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