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deff fn [24]
3 years ago
10

Increasing W-4 allowances will ________ the net pay in your paycheck and ______ your total tax burden.

Business
1 answer:
topjm [15]3 years ago
7 0
<span>Increasing W-4 allowances will <u>increase</u> the net pay in your paycheck and <u>reduce</u> your total tax burden. Remember that more W-4 allowances means less tax withheld with your paycheck whereas less W-4 allowances means that more tax withheld with your paycheck.

<em>ANSWERS: increase, reduce</em></span>
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Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year, 9% bonds. Required: Present entries
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Answer:

March 1, purchased securities from Benton Corporation:

Dr Investment in securities 500,000

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May 1, sold half of securities plus accrued interest:

Dr Cash 248,550

Dr Loss on investment in securities 5,000

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Securities were sold at 98 or $250,000 x 98% = $245,000, which means that the company lost $5,000 with that investment.

5 0
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If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 10 percent
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Answer:

 c. $360 increase in excess reserves and a $40 increase in required reserves

Explanation:

Required reserves is the amount of reserves that is required by the Central bank that banks should keep.

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Excess reserve is the amount of reserves kept in excess of the required reserves.

Excess reserve = Deposit - Required reserve = $400 - $40 = $360

I hope my answer helps you

4 0
3 years ago
Which of the following is true about conflicts of interest?
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Therefore, conflict of interest always results in the scope bias. As the individual in the power can use his or her position that can lead to benefit of him or loss of others or both.

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This strategy offers a small business survival opportunity when they compete in a market dominated by large companies.

It is important that the company is clear about the principle of this type of strategy, since achieving being different is not the objective, the particularity is being relevant and achieving consumer preference, that is, it is not enough to be different from the others, that difference must be followed by a benefit that the client supposes important and effective.

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