This is called the withholding tax or income tax. Every employee has to pay tax for every income made which is directly credited by the employer for the government. Withheld tax within the year is reflected in the Income tax return alongside with other income and assets where then you can apply for exceptions or discounts. If withheld tax is over the supposed tax then it will be refunded.

4 0

4 years ago

At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $7,1

Mrrafil [7]

Answer:

Statement of stockholders' equity

at the end of the year (December 31)

Common Stock Retained Earning Total

Opening Balance $12,000 $7,100 $19,100

Income for the year $7400 $7400

Dividend Paid ($2,100) ($2,100)

Common stock issuance $6,900 $6900

End of the year Balance $18,900 $12,400 $31300

3 0

3 years ago

Which of the following is considered the process in the systems thinking example of a decision support system?

LuckyWell [14K]

Answer: C. Optimization

Explanation:

In the decision making system, TPS is considered to be the input in the systems thinking example.

In the decision making system, optimization is considered to be the process in the systems thinking example.

In the decision making system, TPS is considered to be the input in the systems thinking example.

In the decision making system, a forecast is considered to be the output in the systems thinking example.

7 0

3 years ago