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3 years ago

Molly is getting ready to file her tax return. She works and has a savings account. What tax forms does she need?

Business

2 answers:

Jobisdone [24]3 years ago

3 0

<span>(B) W-2 form from her employer, tax forms from the bank, and a tax return form.</span>

rodikova [14]3 years ago

3 0

Answer: C. W-2 form from her employer, tax forms from the bank and a tax return form

Explanation:

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Wages that have been earned by the employees of a governmental unit, but not paid at year-end, should be recorded in the General

maxonik [38]

Answer:

Expenditures

Explanation:

Wages are expenses. They are debited in the expenditures account. A general fund is used by the government to record the cash transactions as expenses or revenues. Therefore wages will be recorded as expenditures of the given period.

Fund balance is determined by accumulated expenditures over revenue.

Fund accounting includes general ledger , endowment ,grant. And general ledger has income and expense

5 0

4 years ago

Consumer surplus can be defined as

pychu [463]

Answer:

A. the value the consumer gets from buying a product less its price.

Explanation:

The consumer surplus refers to the benefit a consumer receives when they pay a lower price for a product than the one they were willing to pay. It is calculated by subtracting the price a consumer paid for a product from the maximum price that they were willing to pay. According to this, the answer is that the consumer surplus can be defined as the value the consumer gets from buying a product less its price.

3 0

4 years ago

The following data relates to units shipped and total shipping expense for the Adams Company. Month Units shipped Total Shipping

Ann [662]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Month - Units shipped - Total Shipping Expense

January: 3 - $1,300

February: 6 - $1,600

March: 4 - $1,400

April: 5 - $1,500

May: 7 - $1,700

June: 8 - $1,800

July: 2 - $1,200

First, we need to calculate the unitary variable cost using the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,800 - 1,200) / (8 - 2)

Variable cost per unit= 100

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,800 - (100*8)

Fixed costs= 1,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,200 - (100*2)

Fixed costs= $1,000

Finally, the total cost formula:

Total cost= 1,000 + 100X

X= units shipped

4 0

3 years ago

Amazon Company uses predetermined departmental overhead rates based on direct labor cost to apply manufacturing overhead to jobs

Rom4ik [11]

Answer:

a. $270,000

Explanation:

Department A:

Manufacturing overhead=200% of direct labor

80000 = 200% of direct labor

So, direct labor = 80000/200%=$40,000

Department B:

Manufacturing overhead=50% of direct labor

So, Manufacturing overhead = 50%*60000=$30,000

Total manufacturing cost = Material cost + Labor cost + Manufacturing overhead

- Material cost = 50000+10000=$60,000

- Direct labor cost = 40000+60000=$100,000

- Manufacturing overhead = 80000+30000=$110,000

Total manufacturing cost = $60,000 + $100,000 + $110,000

Total manufacturing cost = $270,000

4 0

3 years ago

Tom was CEO of a company. He stole money from the company by writing a series of checks made out to “Cash” which he deposited in

xxTIMURxx [149]

In the given case, bank is not consider as holder in due course because here it will act as intermediary who collected amount from company's account.

<h3>What is holder in due course?</h3>

A holder in due course refers to an individual who have the authority to hold the negotiable instrument in good faith.

This holder in due course will be referred to as the person who have received or given something in exchange for the instrument.

When any individual receives a gift from someone, then it will not be considered as holder in due course because he had not given any value in exchange.

So yes, in this situation when the CEO stole money from the company by writing a series of checks and withdrawing it in a personal account at the bank. Bank will be not be considered as holder in due course due to intermediary role.

Learn more about holder in due course, here:

brainly.com/question/27778407

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6 0

2 years ago