1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet [91]
3 years ago
11

Friends Jackie (0.5 percent owner), Jermaine (1 percent owner), Marlon (2 percent owner), Michael (86 percent owner), and Tito (

10.5 percent owner) are shareholders in Jackson 5 Inc. (an S corporation). As employees of the company, they each receive health insurance ($11,000 per year benefit), dental insurance ($2,000 per year benefit), and free access to a workout facility located at company headquarters ($500 per year benefit). What amount of these fringe benefits are taxable to Jackie?
Business
1 answer:
Oxana [17]3 years ago
6 0

Answer:

$0

Explanation:

Since Jackie owns less than 2% of the stocks of Jackson 5, then all the fringe benefits that she can receive are tax free. The same applies to Jermaine and Marlon.

Only Michael and Tito would be taxed for the fringe benefits that they receive since they own more than 2% (health insurance $11,000 + dental insurance $2,000). Access to the workout facility is not taxable for any of them.

You might be interested in
Treyvawn wants to obtain a new credit card. rather than just rely on the various offers he has received in the mail, treyvawn is
solniwko [45]
The best interest rates available.
3 0
3 years ago
A personnel director at a large company studied the eating habits of employees by watching the movements of a selected group of
alekssr [168]

Answer: blocking for gender

Explanation: Blocking refers to a experimental research procedure which involves splitting experimental variables into separate units. This speration is performed in other to avoid bias or effect this separately identified varibales may bring into our experiment if not tested separately. The blocks may be referred to as known categories upon which variables in an experiment may be divided such that treatment is applied to independently to the separate blocks or experimental unit. In the scenario above, the personnel director is blocking for gender by splitting the variables or participants based on gender.

3 0
3 years ago
Danny, a longtime hotel manager for Hilton, was meeting with Sara, a regional manager, and telling her about his recent decision
sesenic [268]

Answer: rational decision-making model

Explanation:

Rational decision-making model could be seen as when the decision maker has all alternatives on a decision with much information, with time on their hands and resources to evaluate the various choices thats made available before them.

Danny's choice to go against other people decision and using a detailed and different consideration for the employee decribed he used a rational decision making model, he still believed in the individual when others did not, and this affected his decision and didn't allow that of others to influence him.

8 0
3 years ago
Managers at Eller Manufacturing are considering purchasing a new refrigerated delivery truck that Adaptive Practice Managerial,
juin [17]

Answer:

C) 10%

Explanation:

($144,000 + $12,780)/$36,000 = 4.355

6 0
4 years ago
What impact will a spike in wages cause to the<br> labor demand curve?
Shkiper50 [21]

<u>Explanation:</u>

When the wages of the laborers increase the cost to the company increases so the company tries reduce the in take of the labors. When the intake is reduced the demand for the labor falls down. When there is a low demand then the demand curve will shift to left in the graph.

When the wages are low then the firms would intake many employees as labor is cheap in the market. This would increase the demand for labor and the demand curve would shift to right.

5 0
3 years ago
Other questions:
  • Economic models often: vary greatly in assumptions and simplifications. are correct. provide similar answers. fail to explain an
    7·1 answer
  • A machine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its oper
    5·1 answer
  • Please explain your answer! When banks owned or influenced by the government engage in politicized lending:
    13·1 answer
  • Simpleton, Inc. budgeted a material cost of $10 per lb. They ended up purchasing 2,300 lbs at $16 per lb. and using 1,800 lbs fo
    6·1 answer
  • When the force on an object increases, so does its __________.
    5·2 answers
  • Assume that the market for baseballs is in equilibrium. There is a sudden decrease in income throughout the economy. If all else
    9·2 answers
  • Exotic Roses, owned by Margarita Rameriz, provides a variety of rare rose bushes to local nurseries that sell Rameriz's roses to
    12·1 answer
  • On February 20 , 2018, Bill purchased stock in Pink Corporation (the stock is not small business stock) for $1,000. On May 1, 20
    15·1 answer
  • Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:
    9·1 answer
  • Crawford Corporation incurred the following transactions.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!