A brokerage firm that hires licensees as employees instead of as independent contractors must Pay licensees a regular salary regardless of the revenue they generate.
<h3>What is Employment?</h3>
- Employment is a partnership between two people that governs the delivery of compensated labor services.
- One party, the employer, who may be a company, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them.
- Employees perform work in exchange for pay, which may be made up of an hourly rate, piecework payments, or an annual salary, depending on the nature of the work performed, the industry conditions in effect, and the bargaining power of the parties.
<h3>What exactly is a broker? </h3>
- A brokerage offers middleman services in a variety of contexts, including investing, borrowing money, and buying real estate.
- A broker is a middleman who arranges a sale between a seller and a buyer.
- A broker may be an individual or a company.
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A recent social media promotion gathered headlines for humanizing a landmark building in new York city made in C NN news.
<h3>What is landmark?</h3>
This is known to be a thing such as building, a large tree, or a statue. It is one that can easily be seen and that can help a person find the way to a place near it.
It is also known to be a building that has historical importance. There was a recent social media promotion gathered headlines for humanizing a landmark building in new York city.
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Answer:
<em>Traditional IRA</em>
Explanation:
A traditional IRA <em>is a form of personal retirement fund that allows tax advantaged growth in your earnings.</em> Only when you make withdrawals after retirement, you pay taxes on your investment returns.
Advantages include:
- You will subtract the full amount of your IRA allocation on your income tax return if you are not provided by a pension plan at work.
- There is no maximum limit on earnings.
Answer:
depreciation expense 525
accumulated depreciation equipment 525
to record depreciation from jan 1st to March 31th
loss on dispossal 1,575
acc depreciation equipment 27,525
equipment 29,100
to record loss on dispossal of equipment
Explanation:
January 1st to march 31th = 3 months
months per year = 12
annual depreciation x 3/12 = partial depreciation
2,100 x 3/12 = 525
equipment 29,100
acc depreciation
27,000 + 525 = (27,525)
book value 1,575
salvage 0
loss (1,575)