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mamaluj [8]
3 years ago
10

If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the

late payments that would have been allowed as a credit if the contributions had been paid on time? a. 0% b. 90% c. 20% d. 5.13% e. 6.2%
Business
1 answer:
Masteriza [31]3 years ago
3 0

Answer:

B) 90%

Explanation:

In order for an employer to qualify for the maximum credit against FUTA taxes (Federal Unemployment Tax Act), they have to file their annual return in time and also pay their state contributions in time. If they file their report late or miss the  state contributions due date, they will be sanctioned by lowering the maximum credit from 5.4% to 4.86% (90% of maximum credit).  

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Your healthy 63-year-old neighbor is about to retire and comes to you for advice. From talking with her, you find out she was pl
pashok25 [27]

Answer:

Both mutual funds and money market funds are similar in the sense that they pool money from several investors in a variety of instruments. The difference is that money market funds pool the money in very liquid, short-term securities, while mutual funds do the same but in less liquid, longer-term securities.

The 63-year-old neighbor should therefore split the money around 60/40, 60% of the funds for mutual funds, in order to have long-term security, and 40% in the money market funds, in order to have quick cash available when needed.

5 0
2 years ago
Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test als
IgorC [24]

Answer:

TRUE

Explanation:

It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy

Under Sec. 461(h), a three-prongall-events test is met when

(1) all events have occurred that establish the fact of the liability;

(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and

(3) economic performance has occurred.

8 0
3 years ago
Read 2 more answers
The first term of an arithmetic sequence is 10 and its common difference is
-Dominant- [34]

Answer:

The first term of an arithmetic sequence is 10 and its common difference is

negative seven.  What is the fourth term of the sequence?

The fourth term is -11

Explanation:

a.p= a1 + (n-1)d

a.p= 10+ (4-1) -7

a.p= 10 + (3) -7

a.p= 10 - 21

= -11

a1= first term

n= nth term

d= difference

3 0
3 years ago
Daniels Transport has operating income of $68,200, interest expense of $210, dividends paid of $320, depreciation of $12,400, ot
Kisachek [45]

Answer:

Option (a) is correct.

Explanation:

Given that,

Operating income = $68,200

Interest expense = $210

Dividends paid = $320

Depreciation = $12,400

Other income = $2,100

common stock = $48,500 with a par value of $1 per share

Retained earnings = $29,700

Income before taxes:

= Operating income - Interest expense + Other income

= $68,200 - $210 + $2,100

= $70,090

Net income:

= Income before taxes - Taxes at 21%

= $70,090 - ($70,090 × 21%)

= $70,090 - $14,719

= $55,371

Shares of common stock outstanding:

= Common stock ÷ Par value per share

= $48,500 ÷ $1

= 48,500 shares

Earnings per share:

= (Net income - Preferred dividend) ÷ Shares of common stock outstanding = ($55,371 - 0) ÷ 48,500

= $1.14 per share

Therefore, the earnings per share if the tax rate is 21 percent is $1.14.

3 0
3 years ago
Metro city zoning board limits the number of residential building permits in an area otherwise zoned for the use, precluding nan
attashe74 [19]
This is a growth-management ordinance. The growth-management is part of the marketing and product development. It is focused on customer and user acquisition.The goal is in situation in which <span>the population grows to ensure that there are services available to meet their demands.</span>
4 0
3 years ago
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