1. When John received his W2, he received several copies. Why was he sent multiple copies of this form?

1 answer:

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for other payments/expenses that was done during that calendar year. or To either keep the additional ones for his record or other companies sent their that he works for.

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If an economic crisis were to occur that caused a significant decline in the projected tax revenue for the biennium, the state l

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If a country is going through financial difficulty, there are several steps they can take including:

Reducing spending
Delaying interest payments
Using cash reserves

If a country sees that its taxes will not be enough to cover its obligations, it can reduce the amount it spends on goods and services so as to reduce its obligations.

Country can also increase the time taken to pay off debts so that they can divert cash to needed areas whilst waiting for things to be better.

Country can use cash reserves that it accumulated in one form or the other to weather the storm of reduced taxes.

In conclusion, the government can deal with tax shortage in several ways.

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In 1998 Canada highest court declared

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Quebec could not legally secede.

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3 years ago

Josephine is a teenager who works part-time to make money to pay for the upkeep of her car, gasoline, and car insurance. she als

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Answer:

The correct answer is: in retail.

Explanation:

To begin with, if Josephine is a teenager who works part-time to make money for her own expenses and also she is like most of american youth who hold part-time jobs then the most probable place to work is in retail, where many teenagers are required due to the fact that the majority of the jobs given in that area are for people who do not need many skills or abilities and therefore that the common action to take is to hire young people to pay low salaries for part-time jobs.

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What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet?

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Answer: A. Expenses are increased

B. Net income is reduced

E. A liability (such as salaries payable) will be increased.

Explanation:

An accrued expense is an expense that is witten when it was incurred even before it's eventually paid. e.g wages payable.

The effect of an accrued expense such as salaries expense adjustment on the income statement and the balance sheet is that there'll ba na increase in expense. Also, there'll be an increase in liability such as the salaries payable. Since there is an increase in liability, thus will bring about a reduction in the net income.

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The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2

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A B C D

Production Costs : 2004 - 2005 - 2006

Gauss Grip : $2,300 - $2,700 - $2,900

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Gauss Gel : $2,000 - $2,500 - $1,800

Profit : 2004 - 2005 - 2006

Gauss Grip : $12,000 - $16,000 - $18,000