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sergeinik [125]
3 years ago
5

Full-time employees must have money deducted from their paychecks for

Business
1 answer:
DedPeter [7]3 years ago
5 0

The correct answer is C. Federal income tax

Explanation:

The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.

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Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of acti
Jobisdone [24]

Answer and Explanation:

The preparation of the report showing the company revenue and spending variance is shown below:

                                     Cryan Jeep Tours

                       Revenue and Spending Variances

                           For the Month Ended May 31

Particulars    Actual Results Flexible Budget Revenue & Spending Variances

Guests             507                          507

Jeeps              192                           192

Revenue        $82,854                   $104,949               $22,095 U    (A)

                                                     (507 ×$207)

Expenses:    

Tour guide wages $32,357           $31,104                  $1,253 U

                                                    (192 × $162)

Vehicle expenses $20,140            $25,846                $5,706 F

                                         ($5,500 + 507 × $14 + 192 × $69)

Administrative expenses $7,388   $8,591                   $1,203 F

                                              ($2,000 + 507 × $13 )

Total expense   $59,885                $65,541                 $5,656 F   (B)

Net operating income $22,969      $39,408               $16,439 U  (A - B)

We simply deduct all expenses from the revenues so that the net operating income could come  

8 0
3 years ago
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounti
djyliett [7]

Answer:

The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.

Explanation:

  • Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000

  • Income tax expense for 2019 = 180.000-28.000=152.000

4 0
3 years ago
Stadium owners have often been accused by business owners of doing what to the prices for sponsorship opportunities
slega [8]
The answer is A. inflation
8 0
3 years ago
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<span>Businesses Management and Administration</span>
3 0
3 years ago
Read 2 more answers
Can we treat all small businesses the same? Why or Why not?
Pepsi [2]

Answer:

Depends on what you define as small business, if you mean a mom and pop pharmaceutical store across the road that keeps the money within the family and has every member of the family working in the shop to create an infinite amount of revenue for themselves until they hit a profit, then sure. They contribute tax dollars to the community through supplying jobs and creating cheaper cost for locals, which gives incentive to buy more in bulk and thus creating more tax dollars. Unless you are talking about the man in the apartment building who makes home grade meals and sells them cheap to his community, then no. While he is contributing tax dollars all those dollars aren't going back into the community until he buys something with that money, and the people who spent that money just got  a tax free meal that 't go into the community didn't.

Explanation:

7 0
3 years ago
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