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3 years ago

On a pay stub, what is the difference between "Net Pay" and YTD Net Pay"?

1 answer:

4 0

Net pay is how much you made in a year after taxes YTD Net pay is how much you've made from January to the last day of the pay period before taxes

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Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $

ICE Princess25 [194]

Answer:

Hank

a. After-tax income if bill is sent in December

= $30,000 * 0.68 (1 - 0.32) = $20,400

Return on investment of $20,400 * 1.01% = $20,604

b. if bill is sent in January

= $30,000 * 0.65 (1 - 0.35) = $19,500

c. Hank should send the bill in December.

d. with marginal tax rate = 24% next year, after-tax income

= $30,000 * 0.76 (1 - 0.24) = $22,800

e. He should send his bill in January.

Explanation:

a) Data:

Value of legal services for a client = $30,000

Marginal tax rate = 32% this year and 35% or 24% next year

After-tax rate of return = 12%

b) The after-tax income represents the amount of Hank's revenue that remains after tax has been deducted or paid. It is what belongs to Hank after the taxman has taken his cut.

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2 years ago

Which category in Maslow's hierarchy includes basic survival needs such as air, food, water, and shelter?

riadik2000 [5.3K]

the answer is : A

The Physiological category in Maslow's hierarchy includes basic survival needs such as air, food, water, and shelter.

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3 years ago

Read 2 more answers

Barry is the branch manager of a large toy store. He has been given the responsibility to communicate with, coach, and motivate

laiz [17]

Answer:

Human skills

Explanation:

As the branch manager Barry requires human skills to perform his roles well. The human skills can also be referred to as interpersonal skills. These are those skills that would present Barry's ability to interact, work or relate effectively with people.

Human skills would enable Barry to make use of human potential in the company and also motivate the supervising managers for better results

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3 years ago

Income smoothing refers to: a. the ability of management to use accruals to reduce the volatility of reported earnings over time

svetoff [14.1K]

Answer: The correct answer is "a. the ability of management to use accruals to reduce the volatility of reported earnings over time.".

Explanation: Income smoothing refers to <u>the ability of management to use accruals to reduce the volatility of reported earnings over time.</u>

The smoothing of earnings is a practice that consists in reducing fluctuations in recognized income and, therefore, fluctuations in earnings. That is, the smoothing of earnings implies saving income in bonanza times to recognize them accountingly when income is meager.

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3 years ago

Ravi wants to be his own boss and run his own business. His friend, Josh, suggested that an inexpensive way to get started is to

sladkih [1.3K]

Answer:

This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".

Explanation:

Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.

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3 years ago