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2 years ago

Which of the following is not a payroll tax deduction?

Business

1 answer:

Wittaler [7]2 years ago

8 0

Answer:

The Correct Answer is B.

Sales tax.

Explanation:

Sales tax is the Tax imposed by the government body during the sale of the goods and services at a retail level.

While payroll tax is the tax which is imposed on the salary of the employees and this tax is imposed by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.

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Exercise 4-8 (part level submission) plevin company ended its fiscal year on july 31, 2017. the company’s adjusted trial balance

Lostsunrise [7]

Service Revenue.................................65000

Rent Revenue..........................................6000

To Income Summary.....................................................71000

Income Summary..........................78900

To Depreciation Expense..............................................7000

To Salaries Expense.......................................................56400

To Utilitites Expense.........................................................15500

Retained Earnings.....................................................................7900

To Income Summary...............................................................................7900

6 0

3 years ago

Read 2 more answers

From 2007 to 2012, the u.s. personal savings rate rose. if the additional savings were not translated into investment, keynes wo

ankoles [38]

Keynes would predict that aggregate income would decline, but rise in the future, if the additional savings were not translated into investment.
According to the Keynesian model. the government puts price controls on the economy, keeping the price level fixed.

6 0

3 years ago

Which of the items is most likely to be a complement to coffee?

mestny [16]

Answer:

creamer

Explanation:

Complement Goods:

Are goods that do not compite to each other. At the contrary, if a higher quantity is demanded of one good, a higer demand will ocur n the other as well. And if the demand from one of them decrease, the demand of the complement also decrease.

Give n two products X and Y A consumer will be more like to purchase Y as units X are accumulated.

From the list the only good that fits in this definition is the creamer

8 0

2 years ago

Attracting and retaining employees with the skills, abilities, and experience to help an organization achieve its goals is a key

Alenkasestr [34]

Attracting and retaining employees with the skills, abilities, and experience is a key component of a<u> human resource</u> management system.

<h3>What is human resource management system?</h3>

Human resource management system has to do with carrying out specific function such as effectively managing everything that has to do with human resource.

Human resource management system is important for companies as it enables them to choose employees that has the best skills and experience to move the company forward so as to enable the company achieve their goals.

Therefore attracting and retaining employees is a key component of a<u> human resource</u> management system.

Learn more about Human resource management system here:brainly.com/question/21976973

6 0

1 year ago

Brown Corp., a calendar-year taxpayer, was organized and actively began operations on July 1, 2013, and incurred the following c

PolarNik [594]

Answer:

The amount of amortized organizational expenses for the year 2013 would be $6,333 ( approximately )

Explanation:

First of all the important point here to note is that while calculating the amortized organizational cost we only include the legal fee for drafting the corporate charter and not the commission paid to underwriter or cost incurred while selling the stock.

In the legal fee for corporate charter too there are limitations , as only $50,000 are allowed as total expenditure to be amortized over a period of 15 years or 180 months. Where for the first year the limitation allowed is $5000 and rest of the amount would be amortized over 180 months.

So $45,000 - $5000 = $40,000

$40000 / 180 = $222.22

Now multiplying this by 6 months as the operations of company began on 1 July , 2013,

$222.22 x 6 = $1333.32

Now adding this amount to $5000 will give us the total amortized organizational expense,

$5000 + $1333.32 = $6,333.32

= $6,333 ( approximately )

7 0

2 years ago