Answer:
Option A Current Ratio
Explanation:
The reason is that current ratio gives information from which source of finance the working capital is funded from. If the answer is below 1 then the short term liabilities are used to finance the short term assets. This also tells whether or not the company possesses enough cash and cash equivalents to fund its future cash needs by comparing its result with past data and the industry average. So the right option is option A.
A person who organizes,
operates, and assumes the risk for a business venture is called an entrepreneur.
They are commonly seen as a business leader and innovator. Businessman sometimes
take advices from them.
The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.
Basically, the cost basis is the purchase cost which is $225,000.
The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.
In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes
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Answer:
d. portion of FICA taxes and any voluntary deductions.
Explanation:
The net pay or take-home salary is computed below:
= Gross earnings - income tax withholding - employee's portion of FICA taxes - voluntary deductions
The FICA tax comprises of medicare tax and the social security in which the contribution of both employer and employee is required.
So, after deducting the FICA taxes, deductions, and income tax withholding from the gross earning, the net income come
