It is necessary to have these forms because they would help to report income that is gotten by a person that are not through employment.
The 1099 helps to record the amount that is earned by a person who is not employed.
The 1099 helps to calculate either the dividends that a person gets through the fact that they own stocks or the interests that they accrue from keeping their money in the bank.
The W-2 is used by employers to record the income of their employees. The W-2 also tells the employee the amount of taxes that was withheld from their pay.
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Answer:
marginal revenue product = $2,500 for the 10 additional workers
Explanation:
The marginal revenue product is the amount of revenue generated by adding a certain number of workers into the production process. The marginal revenue product (MRP) is calculated by multiplying marginal product times the selling price
- the marginal product of the 10 additional workers = 50 shirts per day
- price per shirt= $50
MRP = 50 shirts x $50 per shirt = $2,500
to determine the MRP per worker = $2,500 / 10 workers = $250
Explanation:
TBL theory posits that instead of one bottom line, there should be three: profit, people and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and it's impact on the environment over time.
Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.
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