Answer:
c. corporation
Explanation:
A corporation is a type of business ownership that recognizes a business as a separate entity from its owners. Legally, a corporation is an independent person with commercial rights like any other person. A corporation is entitled to de business, incur debts, acquires assets, and make profits.
A corporation is expected to file its income tax returns at the end of every financial year. The owners of a corporation or its shareholders are also expected to file their separate income tax returns. An element of double taxation arises the business is taxed, and the owners are also taxed separately. In the other form of business ownership, the business incomes pass as owner's income resulting in single taxation.
Answer:
a. Gross pay = $1,320
b. Net pay = $917
Explanation:
a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.
Pay for 40 hours = 40 * $24 = $960
Pay for excess of 50 hours = (50 - 40) * $24 * 1.5 = $360
Gross pay = $960 + $360 = $1,320
b. Determine the net pay for the week.
Net pay = $1,320 - ($1,320 * 6.0%) - ($1,320 * 1.5%) - $304 = $917.
Answer: All of these are correct answers.
Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.
In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.
Hence from the above we can conclude that all the statements are correct in the given case.
Answer:
The entries are as follows
To record estimated returns on Sales
Debit: Sales Refund Payable Account $131,400
Credit: Accounts Receivables $131,400
To record estimated Cost of Sales returns
Debit: Inventory Returns Estimated Account $77,700
Credit: Inventory on Sales on Returns $77,700
Explanation:
To derive the figure for Sales Refund payable for the year
6% of $2,190,000
= 
= $131,400
To derive the figure for Inventory cost on Sales Refund payable for the year
6% of $1,295,000
= 
= $77,700
Answer:
E) None of the choices are correct.
<em>18.289,26</em>
<em>As we given an option with two decimals which are different from the calculated amount we should take it as incorrect. </em>
<em></em>
Explanation:
The municipal bonds are tax free. Therfore, not included.
We will calcuatae based on 2019 income tax brackets for single-taxers
between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950
100,000 - 82,501 = 17,499
17,499 x 24% = 4,199.76
14,089.50 + 4,199.76 =<em> 18.289,26</em>
