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gulaghasi [49]
4 years ago
13

Under the Federal Insurance Contributions Act (FICA), which of the following acts will cause an employer to be liable for penalt

ies?
Failure to Supply Taxpayer Identification Numbers (Y/N?)
Failure to Make Timely FICA Deposits (Y/N?)
Business
1 answer:
Monica [59]4 years ago
7 0

Answer:

Both:

  • Failure to Supply Taxpayer Identification Numbers
  • Failure to Make Timely FICA Deposits

Explanation:

The tax identification number for an individual (employee) is his/he social security number. It is illegal to hire someone that doesn't have a valid social security number. So whenever an employer is paying FICA taxes (or withholding them from an employee), the employer must provide the social security number of the employees. It is like writing down the names of the employees, you have to do it.

If you do not pay your taxes on time, you will be fined and penalized, and they will charge you interests. If you keep insisting in not paying, you might end up in jail. That applies to all federal taxes, the IRS doesn't like to lose.

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The authoritative body designated to promulgate standards concerning an accountant’s association with unaudited financial stat
antoniya [11.8K]

The authoritative body designated to promulgate standards concerning an accountant's association with unaudited financial statements of an entity that is not required to file financial statements with an agency regulating the issuance of the entity's securities is the: <u>accounting and review services committee</u>.

<u>Explanation</u>:

The Accounting and Review Services Committee is a committee that engages in reviewing or compiling the unaudited financial statement.

An unaudited financial statement is a document that is not submitted by an individual for verification and review process. The financial statement is said to be unaudited until they are reviewed and approved by a certified external auditor.

The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.

6 0
4 years ago
Given the following information on job times and due dates.
user100 [1]

Answer:

Job sequence

First come first serve = a - b-c-d-e-f

Shortest processing time = b-e-a-c-d-f

Earliest due date = e-b-a-c-f-d

Critical ratio = e-a-b-f-c-d

First come first serve Shortest processing time Earliest due date Critical ratio

Average flow time 12.5 11.33 11.58 12.08

Avg Job tardiness 2.83 0.83 0.42 0.67

Find attachments for complete answer

3 0
3 years ago
A(n) ________ cost is a cost whose total amount changes in direct proportion to a change in volume.
statuscvo [17]
A C. variable cost <span>cost is a cost whose total amount changes in direct proportion to a change in volume.
If something varies, it means that it changes - and in this case, the cost changes with regards to a change in volume. This means that the cost isn't constant, but rather fluctuates based on other changes too.</span>
3 0
4 years ago
Combined Communications is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend b
LenaWriter [7]

Answer:

Combined Communications

The current value of one share of this stock if the required rate of return is 15.5 percent is:

= $46.00.

Explanation:

a) Data and Calculations:

Annual dividend = $0.20

Expected growth rate for the next 4 years - 15%

Expected growth rate after 4 years = 11.5% (15% - 3.5%)

Required rate of return = 15.5%

Current Price of the share = Annual Dividend * (1 + Dividend Growth Rate)/ (Required rate of return - Dividend Growth Rate)

= ($0.20 * 1 + 0.15)/ (0.155 - 0.15)

= $0.23/0.005

= $46

Future Price after 4 years = ($0.23 * 1 + 0.115)/(0.155 - 0.115)

= $0.25645/0.04

= $6.41

5 0
3 years ago
Farmers Produce, Inc., and Growers Market enter into a contract for the delivery of locally grown fruits and vegetables. The par
inn [45]

Answer:

correct option is a. ​not fully integrated

Explanation:

As per given in question we know Farmers Produce and Growers Market case delivery  locally grown fruit and vegetables

so here it is a critical aspect to certain that all deals point discussed to be enter in to the final contract

and that the word precisely reflect the deal is a  fully integrated contract that will have a clause

clause = Entire Agreement

clause = Integration

so here correct option is a. ​not fully integrated

6 0
3 years ago
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