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3 years ago

Why are companies required to perform payroll withholding?

Business

2 answers:

Dmitriy789 [7]3 years ago

8 0

I believe it is to make sure employees can pay their taxes.
Hope it helps!

Lisa [10]3 years ago

8 0

Answer:

it is to make sure employees can pay their taxes.

Explanation:

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7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks b

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My answer is choice d.

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3 years ago

On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin

borishaifa [10]

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

patent of Grand heaven

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36,000 recognize at purchase

4,000 december 31th amortization

32,000 balance.

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3 years ago

Which of the following formulas would allow you to copy it into another cell while keeping the row reference fixed?

zhuklara [117]

Answer:

$C$8

Explanation:

The Symbol $ means that by copying and pasting to another cell, the cell references will not change.

In this case, the references are "locked" onto column C. Copying the formula to some other location will not change the references since they are absolute.

5 0

2 years ago

Suppose that short-term municipal bonds currently offer yields of 4%, while comparable taxable bonds pay 5%. Which gives you the

daser333 [38]

Answer:

1.Taxable bonds

2Taxable bonds

3.They have the same after-tax yield

municipal bond

Explanation:

The missing tax brackets are zero,10%,20% and 30%

Zero % tax rate:

municipal bond pays 4%

taxable bonds after tax yield=5%*(1-0)=5%

10% tax rate

municipal bond pays 4%

taxable bond after tax yield=5%*(1-10%)=4.5%

20% tax rate

municipal bond pays 4.0%

taxable bond after tax yield=5%*(1-20%)=4.0%

30% tax rate

municipal bond pays 4.0%

taxable bond after tax yield=5%*(1-30%)=3.50%

8 0

2 years ago

The following information is available for Wildhorse Co. for the month of January: expected cash receipts $59,320; expected cash

ziro4ka [17]

Answer:

Ending cash balance$8,230

Explanation:

Preparation of basic cash budget for the month of January.

Wildhorse Co CASH BUDGET for the month of January

Beginning cash balance$11,890

Add: Cash receipts $59,320

Total cash available $71,210

($59,320+$11,890)

Less: Cash disbursements ($66,850)

Excess of available cash over cash disbursements $4,360

Financing needed $3,870

($8,230-$4,360)

Ending cash balance$8,230

Therefore the basic cash budget for the month of January will be $8,230

5 0

3 years ago