The journal entry for the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.
The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the retailer, and paid to the government. Companies must first apply for a sales tax permit from their state's department of taxation in order to be able to collect sales tax from customers. Every time a customer makes a purchase, businesses collect sales tax, which they subsequently monthly or quarterly send to the state.
As the selling price of the merchandise is $2,600 and the state sales tax is 6%, this means that 6% of $2,600 has to be paid to the state governing body.
Sales tax = 6% of 2600
Sales tax = 6/100 × 2600
Sales tax = 0.06 × 2600
Sales tax = $156
Therefore; the entry to journalize the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.
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Answer: <em> = =0.4114
</em>
Explanation:
Given that ;
p=0.20
n = 20
Therefore we can compute the probability as;
where,
P[X=0] = 0.0115
P[X=1] = 0.0576
P[X=2] = 0.1369
P[X=3] = 0.2054
Therefore;
=0.0115+0.0576 +0.1369 + 0.2054
=0.4114
<span>The above scenarios is an example of PHISHING, a category of social engineering.
Phishing is defined as an attempt to get confidential information like credit card details, usernames and passwords by presenting itself as a trusted entity in an electronic communication.
A lot of phishing incidents have already been happening in the real world and lots of money from bank accounts have been stolen because the thief will then assume the electronic identity of the owner and make unauthorized transactions. </span>
Answer: Tax refund of $1,800
Explanation:
The tax due (refund) for the Fernandezes is;
= Tax liability - (Prepayment + Child tax credit)
= 2,100 - ( 1,900 + 2,000)
= 2,100 - 3,900
= ($1,800)
Answer:
Staffing
Explanation:
STAFFING is the process of hiring a person or an individual that is qualified into an organization in order to fill into a particular job position by identifying the task requirements of the vacant position, assessing the candidate skills as well as the candidate knowledge and ability inorder to be sure if the candidate will fit in well into that particular position they are about to be employed for, which is why STAFFING is Paramount when selecting an employee for a particular job position because it help to employ candidate that are qualified into the organization or company.
Therefore based on the information given the management function Susan was performing is called STAFFING.