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loris [4]
3 years ago
9

Week 8 Quiz - Taxes and W-2s (36pts)

Business
2 answers:
timama [110]3 years ago
7 0

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Arisa [49]3 years ago
4 0
1. When John received his W2, he received several copies. Why was he sent multiple copies of this form?

The different copies are for John and each tax return he may file

2. Who sent John this W-2?

John's employer - ProperLiving Widget Engineering & Design

6. Assume your employer provides health care insurance and deducts your portion of the premiums from your paycheck with pre-tax dollars. Are your health insurance premiums federally tax deductible?

Yes

7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks by his employer. For filing a tax return, what should John do?

John should file a tax return. He can then get all of his taxed money refunded.

8. Select what would happen to your 1) taxable income and 2) tax liability when you are able to claim a deduction such as student loan interest?

1) lower 2) lower

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The amount of money that can be charged on a credit card is called purchasing power.
UkoKoshka [18]
This is false: Purchasing power is something else.

Purchasing power s the amount of goods ans services that can be purchased with a unit of currency.

 The amount of money that can be charged on a credit card is called credit limit.
Also, the amount of money in a given account is called balance. 

5 0
3 years ago
A point M on a segment with endpoints (-1, 1) and ( 7, 7) partitions the segment in a 3:5 ratio. Find M. You must show all work
HACTEHA [7]

The coordinates of point M after the partition is (2, 3.25).

<h3>What are coordinates and how to determine coordinates?</h3>
  • A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.

We have:

  • Endpoints = (-1,1) and (7,7)
  • Ratio, m : n = 3 : 5

The coordinates of point M is then calculated using:

M=\frac{1}{m+n} *(mx_{2}+nx_{1} , my_{2} +ny_{1} )

So, we have:

M=\frac{1}{3+5} * (3*7+5*-1,3*7+5*1)

Evaluate the sum and the product:

M=\frac{1}{8} *(16,26)

Evaluate the product:

M=(2,3.25)

The coordinates of point M is (2, 3.25)

Therefore, the coordinates of point M after the partition is (2, 3.25).

Know more about coordinates here:

brainly.com/question/17206319

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4 0
2 years ago
Professor Frei suggests there are five distinct forms of customer-introduced variability including __________ in which some cust
stellarik [79]

Answer:

request variability

Explanation:

Professor Frei suggests there are five distinct forms of customer-introduced variability including <u>request variability</u> in which some customers are capable of performing many service tasks themselves, while others require substantial hand-holding.

Variability includes requests made by customers, the arrival of customers, etc.

8 0
3 years ago
Case 3:
vovikov84 [41]

The capital expenditure based on the information given is justified.

<h3>How to illustrate the information?</h3>

It should be noted that capital expenditure are the expenditure that are used to create revenue for the company.

Every company in the world needs to improve its existing products and introduce new products. Therefore, marketing and RnD expenditure will they continue to be a dominant player in the industry. Therefore, capital expenditure is justified

One of the ways to improve fixed cost is to have strict control over costs, identify and remove unnecessary costs from the system. Also, one can reduce the number of salaried employees on staff and then shop around for lower insurance premiums.

Learn more about capital expenditure on:

brainly.com/question/13015214

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3 0
2 years ago
Which of the following savings account types has the potential to earn the highest amount of interest?
Bond [772]

Answer:

a

Money Market Account

8 0
4 years ago
Read 2 more answers
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