The answer would be B. If you improve areas of weakness, you will become a stronger candidate for the job.
Answer:
Step 1: Calculate FICA (OASDI & HI):
Total wage subjected to FICA is $930. Why? Contributions to 401K is only exempted from Fed. Income Tax Withholding (FIT) not FICA. As for HSA contrib., it is exempted for both FICA and FIT. However, the plan is non-qualified, which means that $25 contributed by employee is taxable for both. The $25 matching from employer for HSA is excluded from income and income taxes.
OASDI RATE 2012: 4.2% of $930; therefore, $39.06
HI RATE 2012: 1.45% of $930; therefore, $13.49
TOTAL FICA TAX: $52.55
STEP 2: Calculate FIT:
Total earnings subjected to FIT is ($930-100)= $830. Why? $100 contributions to 401k is exempted from FIT. HSA contrib. is unqualified.; therefore, contributions from employee is taxable. Using Wage Bracket Method 2012, the FIT is $89.
STEP 3: Getting the Take-Home Pay answer:
($930-100(401k))-25(HSA:Employee)-$52.55(FICA)-89(FIT)=$663.45
Explanation:
Answer:
Following is given the detailed solution to the question given.
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Explanation:
According to the profit and loss the partnership is liquidated, and the final distribution of partnership cash is made to the partners.
When a partnership is liquidated, how is the final distribution of partnership cash made to the partners? Which of the subsequent statements is actually concerning the accounting for a partnership going via liquidation? within a liquidation, all gains and losses are divided equally among some of the partners.
The partnership comes to a decision to liquidate, the property of the partnership is sold, liabilities are paid off, and any remaining coins are sent to the companions according to their capital account balances.
Liquidating distributions (coins or noncash) are a form of a return of capital. Any liquidating distribution you receive isn't always taxable to you until you recover the basis of your inventory. After the idea of your stock is reduced to zero, you ought to document the liquidating distribution as a capital advantage.
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Jim serves as the CEO of a business that makes office furniture and filing cabinets. He utilizes <u>planning </u>to determine that the business will need to hire 10 additional staff in order to raise production by 20% the following year.
How to Create An Effective Employee Selection Process?
Companies use a set of stages called the employee selection process to find and hire the best employees. Effective selection can lead to the hiring of the kind of workers who will increase company morale, contribute to your corporate culture, and keep turnover low. The key is matching the correct abilities to the open roles.
It's crucial to understand that hiring differs from personnel selection. Each represents a distinct phase. Selection comes once you have a suitable pool of applicants, after recruitment has been completed. Consider selection as the stage of hiring where the pool of candidates is drastically reduced and the most promising hires are identified.
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