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3 years ago

1. Do you think it is a good idea to have employers withhold

Business

1 answer:

Alina [70]3 years ago

5 0

Answer:

No,

Explanation:

The tax withholding system is something that most of us take for granted, but the concerned citizens, politicians and economists who have analyzed it have many criticisms of the system.

Taxpayers have no idea how much they pay and are apathetic about tax rates

If taxpayers had to make one large payment, they would know exactly how much they were forking over for federal taxes, Social Security taxes, Medicare taxes and state taxes. Since the money is taken gradually, many people never pay attention to the full amount, which makes it easier for high tax rates to persist and for the government to increase tax rates. For example, the state of California in 2009 decided to use the tax withholding system to take a large, interest-free loan from its taxpayers. It increased the withholding tax by 10%, and even journalists didn't seem to notice until the days before the rate hike was implemented. The government says it will refund the borrowed money in April.

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Swift Company was organized on March 1 of the current year. After five months of start-up losses, management had expected to ear

scoundrel [369]

A new income statement for August for Swift company is shown below.

Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.

My recommendation would be to not buy.

Swift Company

Income Statement

For the Month Ended August 31

Particulars Amount (in $) Amount (in $)

Sales .............................................................. 450,000

Cost of goods sold:

Finished goods inventory, August 1 ............... 40,000

Add: Cost of goods manufactured ................. 310,000

Goods available for sale ................................ 350,000

Deduct: Finished goods inventory, August 31.. 60,000 290,000

Gross margin .................................................. 160,000

Selling and administrative expenses ................. 142,000

Net operating income...................................... 18,000

Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.

Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.

Hence, my recommendation would be not to buy.

Learn more about income statement:

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2 years ago

What is the main goal of people who work in the career feild of human services

Alex777 [14]

People who work in human services help people overcome obstacles and access services such as counseling, therapy and rehabilitation. They work to improve the lives of those in need who are most in need of these services.

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3 years ago

Strengths and weaknesses Group of answer choices should be kept confidential. are areas of high and low capability. relate to th

zaharov [31]

Answer: are areas of high and low capability.

Explanation:

Strength and weakness are areas of high and low capability. Some examples of the strengths that an organization has include large market share, strong employee attitudes, economies of scale, hug integrity etc. These gives an organization an edge over its rivals.

The weakness of an organization makes such organization lag behind its rivals.

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3 years ago

Women of color have often been dissatisfied with ______ theory for not representing their interests very well.

NeX [460]

Answer:

Feminists

Explanation:

Women of color are female people of color. They are usually dissatisfied with Feminists theory because it doesn't represent their interest well like class, race and their immigration status. This establishes the racial bias in the feminist theory as women of color in their fight for equality have always been marginalized.

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3 years ago

Personal selling requires the __________ flow of communication between a buyer and a seller, often in a face-to-face encounter,

emmainna [20.7K]

Personal selling requires the two-way flow of communication between a buyer and a seller, often in a face-to-face encounter, designed to influence a person's or a group's purchase decision. When meeting with people in person, it allows for conversation to flow back and forth smoothy and communication is much better. Having face-to-face meetings allows the buyer and seller to connect on a different level then if it were email, phone or another type of communication.

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3 years ago