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2 years ago

Pease Answer ASAP. I need help with sources to answer the following question:

Business

1 answer:

cestrela7 [59]2 years ago

6 0

Answer:

No, a college degree can help you earn a better salary but nothing is guaranteed. For example, someone with a college degree earns on average around $50,000 per year, while those with only a high school degree earn around $28,000 (that is almost half of a college graduate).

But the salary you earn is not guaranteed, it might be much higher or it might be zero. If you work hard you might get a raise pretty soon or you can get promoted, but if you are lazy then you can get fired.

The income classification is based on income, not on education. There are people who never graduated from college that are extremely rich, e.g. Bill Gates, Mark Zuckerberg, but they are not the majority. That is why they serve as examples so often. Most rich people actually do have a college degree, but they are rich not because of their college degree, but because of their work.

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An expense that would be included in the itemized deductions of a taxpayer is: A. travel to work. B. life insurance premiums. C.

ella [17]

The answer is C. Real Estate Property Taxes

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3 years ago

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were origina

Sladkaya [172]

Answer:

amount of cash dividend paid = $80000

so correct option is 1. $80,000

Explanation:

given data

common stock = 100,000 shares

shares issued = 45,000

subsequently reaquired = 5,000

dividend= $2 per share

to find out

What is the amount of cash dividends

solution

first we get here no of share outstanding that is

no of share outstanding = shares issued - subsequently reaquired .........1

no of share outstanding = 45000 - 5000

no of share outstanding = 40000 shares

and

now we get amount of cash dividend paid here as

amount of cash dividend paid = outstanding share × dividend share ...........2

amount of cash dividend paid = 40000 × $2

amount of cash dividend paid = $80000

so correct option is 1. $80,000

5 0

2 years ago

Allison is concerned that she is not getting full disclosure of information from a mortgage broker who is hoping to refinance th

blsea [12.9K]

Consumer Financial Protection Bureau (CFPB)

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3 years ago

McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a cust

Natalka [10]

Answer:

McGregor would Debit Service Fee Expense for $6.

Explanation:

Data provided in the question:

Fee charged by the credit card company = 3% of the sales

Amount of payment made by the customer to McGregor for the service = $200

Now,

The amount of fees charged on the transaction bu the credit card company

= 3% of $200

= 0.03 × $200

= $6

Since, this fees is an expense for the McGregor

Hence,

McGregor would Debit Service Fee Expense for $6.

5 0

3 years ago

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

kari74 [83]

Answer:

First quarter: amount $0 date: -

Second quarter: amount $606.60 date: July 31

Third quarter: amount $0 date: -

Fourth quarter: amount $537 date: January 31

Explanation:

As per IRS, in part 5 of Form 940, Peterson Company will report FUTA tax liability by Quarter only if Total FUTA Tax after Adjustments is more than $500. So, Peterson Company is not required to pay FUTA tax until FUTA tax liability is more than $500 and if in any particular quarter the FUTA tax liability is less than $500 then the cumulative amount will be taken with the next quarter until the FUTA tax liability reaches more than $500. So first quarter will add up with quarter 2 and the FUTA tax liability will be $606.60 & third quarter will add up with fourth quarter and the FUTA tax liability will be $537.

As far as due dates are concerned, the due date of the first quarter is the month after the end of first quarter. So, for the quarter from January to March the Due Date will be April 30, from April to June the Due Date will be July 31, from July to September the Due Date will be October 31, from October to December the Due Date will be January 31.

6 0

3 years ago