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alexandr1967 [171]
4 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]4 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]4 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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solmaris [256]

Answer:

1}Theory X- Authoritarian

2}Theory Y- Participative

Explanation:

Mc Gregor classified management into styles named Theory" X "(authoritarian ) and Theory "Y " (participative ).

Theory X practices vertical and autocratic form of leadership. It is based on the assumption that workers prefer to be pushed to work as they lack ambition and are lazy.

It believes in procedures , reward and punishment.

Contrary to that , theory "Y" believes in relationship and integration .It believes that workers work better when they work under less supervision.

It uses satisfaction , motivation and reward to get the best out of workers.

7 0
3 years ago
Colson Inc. declared a $240,000 cash dividend. It currently has 9,000 shares of 7%, $100 par value cumulative preferred stock ou
sineoko [7]

Answer:

Option (a) $114,000

Explanation:

Data provided in the question:

Dividend declared = $240,000

Shares outstanding = 9,000

Interest = 7%

Now,

Value of share = $100 × 9,000

= $900,000

Dividend to Preference Stock Holders Arrears = 7% of Value of share

= 0.07 × $900,000

= $63,000

Dividend to Preference Stock Holders = $63,000

Therefore,

Dividend to Common Stock Holders

= $240,000 - $63,000 - $63,000

= $144,000

Option (a) $114,000

8 0
3 years ago
During 2020, a self-employed taxpayer drives her car 4,000 miles to visit clients, 3,000 miles to get to her office, and 1,000 m
Masteriza [31]

Answer:

C

Explanation:

You add the different transportation expenses.

4 0
2 years ago
Max lives in boston and earns $132,500 per year. if max decides to move to san francisco, what annual salary will he need to mak
Alex Ar [27]

According to bestplaces.net, San Francisco is 67.8% more expensive than Boston. This means, if Max is making 132,500 in Boston he would need 132,500*1.678 = 222,335 in San Francisco to maintain the same real wage.

7 0
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Any agreement should, as a part of the services provided, allow your organization to __________ your disaster recovery plan. Sel
eimsori [14]

Answer:

The correct answer is A. Test.

Explanation:

A test is different from an experiment: Before performing a test, there is an expected result. The test is performed to show this result. In an experiment, the result is open. Very often, tests are performed as part of an experiment.

8 0
4 years ago
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