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Ugo [173]
2 years ago
8

The amount of federal income taxes withheld from an employee's paycheck is determined by:_____.

Business
1 answer:
gladu [14]2 years ago
8 0

The amount of federal income taxes withheld from an employee's paycheck is determined by information claimed by them on the W-4 form.

Amount of federal income tax taken from an employee's gross pay by their employer; the amount withdrawn depends on the employee's gross pay, the pay period, and the number of allowances they claim on their W-4 form.

Your answers on Form W-4, the Employee's Withholding Certificate, determine the amount of tax withheld from your salary by your employer.

When you file your annual income taxes, the more properly you fill it out, the less you will owe (or be owed).

You can modify your withholding using the new Form W-4 depending on specific personal circumstances, such as taking a second job.

Additionally, you can strategically complete the form to either assure that you pay no additional taxes or that you'll get a refund to come tax season.

Hence, the amount of federal income taxes withheld from an employee's paycheck is determined by information claimed by them on the W-4 form.

Learn more about tax:

brainly.com/question/25783927

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Suppose Americans buy inputs from foreigners. When the price of foreign inputs falls, the U.S. SRAS curve __________, which tend
Mademuasel [1]

When the price of foreign inputs falls, the U.S. SRAS curve option (b)i.e, shifts rightward; which tends to reduce the U.S. price level.

<h3>What is the SRAS curve?</h3>

We can understand how each firm in an economy reacts to price stickiness using the short-run aggregate supply curve (SRAS). The SRAS curve will have an upward slope when prices are stable. According to the SRAS curve, more output results from higher price levels.

The cost of labor, or wages, and the price of imported commodities that we use as inputs for other products are two other significant variables that may cause the SRAS curve to change in addition to energy prices.

A higher level of productivity causes the SRAS curve to move to the right because businesses can produce more output at all price points.

To know more about SRAS curve refer to:  brainly.com/question/16909327

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7 0
2 years ago
P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposit
Alchen [17]

Answer:

The journal entry would be as follows:

Account                                  Debit           Credit

Cash                                       $480

Sales Revenue                                           $500

Credit Card Expense                                 $20

The Credit Card Expense corresponds to the 4% fee that Master Card charged P. Jameson Co. ($500 x 20% = $20)

4 0
3 years ago
Product X-547 is one of the joint products in a joint manufacturing process. Management is considering whether to sell X-547 at
Sphinxa [80]

<u>Solution and Explanation:</u>

The correct answer is I, II, III, and IV

The reason behind is that joint cost is always related to the multifarious products.  Joint expense is the assembling cost brought about on a joint creation process which takes regular sources of info however at the same time delivers various items called joint-items, for example, preparing of raw petroleum at the same time yields gas, diesel, stream fuel, greases and different items.  

So, as to apportion expenses to such joint items, bookkeepers need to utilize an appropriate cost portion technique on a predictable premise. The joint cost alludes to that cost which is brought about before the split-off point on the creation or assembling of numerous items, by expending similar data sources or factors of creation.

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In a payday loan, what happens at the date of loan maturity?
Elena L [17]
Borrower must pay off loan
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Stay positive and try again....
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