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Tasya [4]
1 year ago
8

how can sales tax alter the size of the tip you leave at a restaurant? a. a tip of a given percentage (such as a 20% tip) will b

e larger if calculated
Business
1 answer:
Arisa [49]1 year ago
4 0

A tip of a given percentage such as a 20% tip will be larger if calculated after tax than if calculated before tax.<u> Option A.</u>

<u />

Etiquette experts at the Emily Post Institute in Vermont suggest tipping at restaurants should be between 15% and 20% of the total before tax. According to the Etiquette Scholar website, "You must tip the amount before tax on the bill, not the total amount. All tips and non-cash tips received from employees are income and are subject to federal income tax.

All tips received by an employee in a calendar month are subject to Social Security and Medicare taxes and must be reported to the employer. Someone suggesting tip amount based on total bill Some, but most will suggest a tip based on pre-tax total. That's the correct answer. Taxes are not a restaurant service, so tipping is not required. It is good manners to distribute tax and tip evenly across the table. Some people don't mind splitting the entire bill but most people don't mind splitting the tip evenly.

Learn more about Sales tax here:-brainly.com/question/9437038

#SPJ4

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Customer value can be defined as Multiple choice question. obtaining a product or service at the lowest price possible, regardle
Paladinen [302]
That’s crazy math right there am I right
3 0
2 years ago
Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec
DaniilM [7]

Answer:

See the journal entry below

Explanation:

Retained earnings A/c Dr $500,000

Dividends payable A/c Cr $500,000

Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.

NB.

Amount = Share × Price per share

Given that;

Share = 100,000

Price per share = $5

Amount

= 100,000 × $5

= $500,000

4 0
3 years ago
A businesswoman is upset with her husband. She channels this anger into her work and increases her productivity dramatically. Th
MArishka [77]

Answer:

Sublimation

Explanation:

Sublimation is the process of channelling negative, socially-unacceptable feelings, toward productive, or socially-acceptable abilities.

The concept was developed by Freud, especially in his work "Madness and Civilization".

Freud basically said that sublimation is what allowed humans to live in society, however, he also warned that sublimation did not always work, and some people were less likely to behave than others, leading to for example, the presence of criminality and antisocial behaviour.

6 0
3 years ago
An example of a microeconomic phenomenon is: Select one: a. Global warming research turns out to correctly predict the weather i
IgorC [24]

Answer:

The correct answer is letter "E": None of the above.

Explanation:

Microeconomics deals with the economic choices of individuals and small companies. Jointly, these individual decisions influence the demand for and supply of goods and services in the economy. One of the subjects most discussed in microeconomics is the supply, demand and equilibrium model.

A)<em> Global warming research turns out to correctly predict the weather in the future. (No major impact in economy)</em>

B)<em> The dictator of a country builds ten new airports. (Macroeconomic)</em>

C)<em> A child buys a delicious chocolate bar. (No major impact in economy)</em>

D) The country of Montenegro adopts the Euro. (Macroeconomic)

<em>None of the statements above represents a microeconomic phenomenon.</em>

4 0
3 years ago
On January 1, 2018, Lumos Company purchased a machine for $70,200. Lumos uses straight-line depreciation and estimates an eight-
jeka94

Answer:

Gain= $4,200

Explanation:

Giving the following information:

Purchase price (2018)= $70,200

Salvage value= $5,400

Useful life= 8 years

Selling price= $42,000

<u>First, we need to calculate the depreciation expense and accumulated depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (70,200 - 5,400) / 8

Annual depreciation= $8,100

Accumulated depreciation (ending 2021)= 8,100*4= $32,400

<u>If the selling price is higher than the book value, the company gain from the sale. Now, we need to determine the book value.</u>

<u></u>

Book value= purchase price - accumulated depreciation

Book value= 70,200 - 32,400= $37,800

Gain/loss= selling price - book value

Gain/loss= 42,000 - 37,800

Gain= $4,200

6 0
2 years ago
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