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torisob [31]
2 years ago
11

If a taxpayer works for two separate employers, how much in futa taxes is each employer responsible to remit in the name of the

taxpayer?
Business
1 answer:
natulia [17]2 years ago
7 0

The futa taxes liable to be paid is 6.0% by both employers.

This amount is usually referred to as the federal or FUTA wage base. This may differ from state to state according to the state's rules. Thefuta taxes need to be filed by filling in Form 940.

The employee may have to deposit the futa tax before the employee files the return. The tax liability should be an amount of more than $500 for the calendar year. If this amount is lesser than $500 it should be carried forward to the next quarter. The employee needs to do this till the aggregate amount is equal to $500 after which it requires to be deposited.

If the date that we need to deposit the tax is not a business day then it should be deposited by the end of the next business day. If this process is followed it will be considered a timely payment.

1. Learn more about futa taxes here:

brainly.com/question/14860840

2. Learn more about Form 940 here:

brainly.com/question/15974551

# SPJ4

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Assume that Global Cleaning Service performed cleaning services for a department store on account for​ $180. How would this tran
tamaranim1 [39]

Answer:

(B) Increase both assets and equity by $180

Explanation:

The transaction analysis model tells us that:

Assets = Liabilities + Owner's Equity

Owner's equity = Contributed Capital + Retained Earnings

Retained Earnings = Net Income − Dividends

and

Net Income = Income − Expenses

The expanded accounting equation is obtain if all substitutions are made:

Asset = Liabilities + Contributed Capital + Income – Expenses − Dividends

In the Global Cleaning Service`s case:

Assets are increased either because the service is collected or is an account receivable. As the service provided is a revenue (income) is part of the Owner's Equity that also increase. Both, Asset and Owner's Equity, increase in 180.  

7 0
3 years ago
Michael Jordan purchases (long) 10 shares of XYZ stock for 23.00 per share. Six months from now he will sell all 10 shares. The
melamori03 [73]

Answer:

a) Breakeven price = Purchase price + Interest amount that would have been earned on the invested amount

Breakeven price = 23 + [23*e^(0.05*1/2) - 23]

Breakeven price = 23 + 0.5822477721

Breakeven price = $23.5822477721

b) Profit = Selling price - Breakeven price

Profit = $23.80 - $23.5822477721

Profit = $0.2177522279 per share

3 0
3 years ago
Juno Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid-in capital Common
wlad13 [49]

Answer:

Explanation:

Date         Particulars                                   Amount (Dr)      Amount (Cr)

6/30/17   Stock dividends

              (60,000 × 20% × 15)                       180000

              Common stock dividend

              distributable                                                             120000

             Paid-in Capital in Excess of Par

              common stock                                                            60000

7/15/17    No entry

7/31/17    Common stock dividend distributable    120000

              Common stock                                                            120000

12/1/17     No entry

12/15/17  No entry

Particulars    

1. Common stock   = (72000 × 2 × 5)                                    $720,000                

2. Number of shares outstanding (60000+12000)×2            144000

3. Par value per share (10/2)                                                  $5

4. Paid-in capital in excess of par  (150000+60000)           $210000

5. Retained earnings   (150000+190000-180000)               $160000

6. Total stockholders' equity                                                   $1090000

4 0
3 years ago
Which of the following considerations can sometimes override consequences when comparing and weighing alternatives for ethical d
adelina 88 [10]

Answer:

The correct answer is B

Explanation:

Principle is the term which is defined as the scientific law or theorem which has various special applications.

And sometimes matters of duties, principles or rights could countermand or override the consequences when weighing and comparing the alternatives related to the ethical decisions making.

For example, how an employee weighs and compares the alternatives for the ethical decision making might ground or depend on the duties or responsibilities linked with the position of the employee in the company.

3 0
3 years ago
Josiah, the new Director of HR for a growing marketing firm announces that they will implement "Integrated Talent Management" in
katrin [286]

Answer:

The correct answer is d. Use of analytics and techniques which connect multiple processes associated with employee development and career management.

Explanation:

Integrated talent management is basically a process of continuous improvement, in this case of the marketing team. Employees enter a career plan where the company offers all the guarantees so that their performance in their functions is better and better, for this it is necessary to implement a policy that defines the way in which the strategy will be addressed, communicating it to all old and new employees so that they are aware of the growth processes and the different possibilities offered.

4 0
4 years ago
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