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alexandr1967 [171]
3 years ago
12

An employer pays $90 of a $100 group disability premium, and the employee pays the other $10. The disability benefit under the p

lan is $1,000/month. If the employee becomes disabled and receives the full benefit, how much, if any, of the monthly benefit would be taxable income?
Business
2 answers:
vovangra [49]3 years ago
8 0

Answer:

Explanation:

Taxable income is defined as the income used to calculate how much tax an individual or a company owes to the government in a given tax year. It is described as adjusted gross income (that is, total income, known as “gross income,” minus any deductions or exemptions allowed in that tax year).

Since the employer pays $90 per $100 of the disability premium.

Disability benefits = $1000 per month

Taxable income = $90/$100 × $1000

= $900

geniusboy [140]3 years ago
5 0

Answer:

the monthly benefit taxable income would be $900

Explanation:

For a Plan of $1,000/month if the employer pays $90 and the employee pays the other $10 of a $100 group disability premium.

after paying the total amount of  %100 according to the plan if the employee gets disabled then he will get 90% of the total amount which is taxable income.

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A manufacturing plant is trying to determine standard production per day for an incentive program. Suppose that the incentive pr
raketka [301]

Answer:

He would receive $15 under incentive plan.

Explanation:

The given values are:

Average observed time

= 280 seconds per unit

Performance rating

= 105%

i.e.,

= 1.05

Allowance factor

= 13%

i.e.,

= 0.13

So,

⇒  Standard \ time = \frac{(Average \ observed \ time\times Performance \ rating)}{1-Allowance \ factor}

On putting the estimated values, we get

                             =\frac{(280\times 1.05)}{(1-0.13)}

                             =\frac{294}{0.87}

                             = 337.93 \ seconds

The available time will be:

= (8 \ hours\times 60 \ min/hr\times 60 \ sec/min)

= 28800  \ seconds

Now,

The Standard production per day will be:

= \frac{Available \ time}{Standard \ time}

= \frac{28800}{337.93}

= 85.22 \ units

Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.  

So that he's going to get:

= 15\times 1

= 15 ($)

8 0
3 years ago
Jan pays $70 each month for her auto insurance policy. This regular payment is called<br> a.
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Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.
8 0
3 years ago
Kennedy’s alliance of progress program provided $25 billion in aid to countries in?
Annette [7]

President Kennedy aimed to provide economic assistance, and consolidate democracy and social justice in Latin America.

Kennedy proposed, via the corporation for international improvement and the Alliance for progress, both launched in 1961, to mortgage greater than $20 billion to Latin American nations that would sell democracy and adopt significant social reforms, specifically in making land possession possible for more numbers.

The Peace Corps, a program that despatched younger volunteers to foreign places to assist those in want, turned into probably one of the high-quality-acknowledged New Frontier programs.

Learn more about President Kennedy here: brainly.com/question/13721861

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3 0
1 year ago
The most noticeable difference between common-law and code-law systems is found in the laws governing _____.
Elis [28]

The laws governing intellectual property are where common-law and code-law systems most obviously diverge. 

<h3>What is intellectual property ?</h3>

The collection of intangible assets that a company or person possesses and is legally entitled to guard against illegal use or application by third parties is referred to as intellectual property.

The concept of intellectual property was developed on the premise that some works produced by the human mind should be afforded the same legal protections as material possessions.

Hence, the difference between common-law and code-law systems is found in the laws pertaining to intellectual property.

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6 0
1 year ago
Determine what the net income or loss Use the business transactions below to: 1. Stockholders invest $40,000 in cash in starting
Angelina_Jolie [31]

Answer:

the question is incomplete, so I looked for a similar one:

Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month's rent. Paid $250 cash on account for office supplies purchased in transaction 2. Received a bill for $800 for advertising for the current month. Paid $2,500 cash for office salaries. Paid $1,200 cash dividends to stockholders. Received a check for $2,000 from a client in payment on account for commissions billed

<u>Income statement</u>

Service revenue                             $4,000

Operating expenses:

  • Rent $700
  • Advertising $800
  • Office salaries $2,500         <u>($4,000)</u>

Net income                                          $0

Accrual accounting recognizes both expenses and revenues when they occur, not when a cash flow is associated to them. E.g. even though only $2,000 were paid by clients, the whole $4,000 must be considered revenue.

7 0
2 years ago
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