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3 years ago

Both the employee and the employer contribute to the F.I.C.A. fund and to the Medicare program. True or False

Business

1 answer:

denpristay [2]3 years ago

7 0

True, the employer and employee will have to contribute to F.I.C.A and the Medicare program.

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David Wallace was the president, chairman of the board of directors, and majority shareholder of Paper Imports, Inc. Acting as p

Paladinen [302]

Answer:

The answers to the two questions are detailed in the explanation;

Explanation:

1.In this first case, David Wallace may possibly win, since a single creditor as a witness that due to the negligence of the director of the company did not receive his payment is not enough evidence for a lawsuit.

There should be more creditors who are dissatisfied with this situation, and it must also be analyzed what were the real causes that led to the company not having made the corresponding payment to this creditor.

2.In this second situation, the company Dunder Company may possibly win, since the corporation breached a previously established contract, this establishes the basis for a lawsuit in which Papers Import must possibly comply with the provisions of the contract or compensate the damages caused to the Dunder Company.

8 0

3 years ago

What is capital budgeting?

amid [387]

Capital budgeting is the process in which a business determines and evaluates potential expenses or investments that are large in nature. These expenditures and investments include projects such as building a new plant or investing in a long-term venture. Often times, a prospective project's lifetime cash inflows and outflows are assessed in order to determine whether the potential returns generated meet a sufficient target benchmark, also known as "investment appraisal

3 0

3 years ago

Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i

timama [110]

Answer:

b. $60

Explanation:

Produced surplus = Price producer is able to sell - Price producer would be willing to sell

Price the producer is able to sell = Producer surplus + Price producer would be willing to sell

= $100 + ($15 + $25 + $40)

= $180 for 3 lawn

Therefore, if Ronnie charges are customers the same price for lawn mowing, that price is

= $180 / 3

= $60

8 0

2 years ago

Your uncle repays a $450 loan from Tenth National Bank (TNB) by writing a $450 check from his TNB checking account. Assume these

katrin [286]

Answer:

Uncle accounting:

Cash Note Payable

DEBIT CREDIT DEBIT CREDIT

450 450

Bank Accounting

Cash Note Receivables

DEBIT CREDIT DEBIT CREDIT

450 450

B.- False

Explanation:

The uncle will see a decrease in their assets (cash) and a decrease i ntheir liabilties(Note payable)

Therefore their net equity (wealth) will remain the same

The bank will record the collection from their client and decrease their receivables.

6 0

2 years ago

Dana and Larry are married and live in Texas. Dana earns a salary of $45,000 and Larry has $25,000 of rental income from his sep

vodomira [7]

Answer:

D) $25,000

Explanation:

Even though Dana and Larry are married, since they are filing separate tax returns, then all the income that Larry must declare are his $25,000 earned as rental income.

If they were filing together, then they would declare $70,000 as combined income (= $25,000 + $45,000).

3 0

2 years ago