Annual tax return is a document which states the income and expenses of a certain firm or individual and it is given to the tax department for further checking.
Depreciation expenses is the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.
Depreciation expense: Cost of the asset - residual value/ total units expected to be produced * actual units produced
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Answer:
The amount of FICA tax withheld is $532.78
Explanation:
Earnings subject to tax = $117,000
Earnings for current month = $110,500
Therefore, the money subject to tax = Earnings subject to tax - Earnings for current month = $117,000 - $110,500 = $6500
Gross pay for current month = $8,950
Tax rate OASDI = OASDI rate × money subject to tax = 6.2% × $6500 = 0.062 × $6500 = $403
Tax rate Medicare = Gross pay for current month × Medicare rate = $8950 × 1.45% = $8950 × 0.0145 = $129.775
The amount of FICA tax withheld = Tax rate OASDI + Tax rate Medicare = $403 + $129.775 = $532.78
The amount of FICA tax withheld is $532.78
Answer:
Maximum Amount Payable = $8333.33
Explanation:
Perpetual Annuity Payment = $500
Growth Rate = 3%
Discount Rate = 9%
Maximum Amount Payable = Present Value of Perpetual Annuity
Present Value of Perpetual Annuity = Perpetual Annuity Payment / (Discount rate - Growth rate)
Maximum Amount Payable = $500 / (0.09 - 0.03)
Maximum Amount Payable = $500 / 0.06
Maximum Amount Payable = $8333.33
Answer:
C. The role of the needs assessment is to determine if training is the appropriate solution
Explanation:
Example when a person goes to a dentist he use the services of the dentist and returns with a relief. In the process he does not get any physical commodity but still he has consumed a service. Core goods providers provide a significant service component as part of their businesses.
The American Marketing Association defines services marketing as an organisational function and a set of processes for identifying or creating, communicating, and delivering value to customers and for managing customer relationship in a way that benefit the organisation and stake-holders.
