Answer:FALSE
Explanation: UNEMPLOYMENT is a term used to describe the inability of persons to secure jobs due to the reduced number of jobs available. People can be unemployed due to various reasons which includes Lack of qualification, lack of available jobs etc.
Unemployment is not only as a result of lack of qualification,it can also be caused by other prevailing conditions which makes the number of available jobs to be lower.
Based on the ending balance on salaries payable in 2019, and the salaries expense, the salaries payable at December 2018 must have been $30 MILLION.
<h3>What was the Salaries payable balance?</h3>
This can be found by the formula:
= Ending salaries in 2019 - Salaries expense in 2019 + Salaries paid in 2019
Solving gives:
= 20 million - 90 million + 100 million
= $30 million
In conclusion, the ending salaries payable in 2018 was $30 million.
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Answer: Refundable Tax Credit
Explanation:
When a tax credit is able to reduce your tax liability to below zero and then the remainder is returned to you, that is a Refundable Tax Credit. For Instance, if you get a Refundable tax credit from the IRS of $300 and your Tax Liability is $250 then not only do you not have to pay the liability but the IRS will give you $50 which is the remainder after the tax credit reduced the liability to $0.
If you have $0 in Liability, you can still apply for a Refundable Tax Credit which means that you will be paid the whole thing.
Some people therefore first calculate their taxes and then remove the deductions and apply for Non-refundable tax credits and then when their liability is at the lowest, they apply for a Refundable Tax Credit which then means that they can stand a chance to get something from the IRS.
That they might have to buy an ceiling that clean the flu.
Answer:
The recognized gain and the basis for the bonds is $7.000
Explanation:
Consider the following calculations to obtain the recognized gain
Taxpayer's recognized gain = Sale value of Stock - Adjusted basis value of stock
=(15000+2000) -10000 =$7000