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3 years ago

How do social security taxes differ from other forms of taxation?

1 answer:

3 0

Social Security tax is usually collected in the form of payroll tax or In the past, Social Security was tax free, but today if you have other substantial income along with your benefits, you will likely end up paying some tax on them

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Pressure from superiors and investors or from media to make a firm's numbers "look good" in order to drive its stock upward can

ohaa [14]

Audit fraud

Explanation:

The process whereby a firm inflates sales or earnings or deflates expenses in its financial reporting is called a fraud. The firm is engaging in a fraudulent process.

Most times, a company income statement is used in reporting sales, earnings and expenses.
It is one key and important financial tool a company possesses.
When the figures in this tool is altered, it is right to call in a fraud.
Fraud is the deliberate act of concealing or altering facts in order to represent a person, or company well.
The act described in this problem is a typical case of fraud.
An auditor is trained to figure out this kind of act in a company's financial record.

Learn more:

Fraud brainly.com/question/2551027

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6 0

4 years ago

Read 2 more answers

Match the following.

ira [324]

Answer:

1. Circulatory system

2.Microorganism

3. Microscope

4. Oxygen

5 0

3 years ago

Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ

igor_vitrenko [27]

Answer:

Option (c) is correct.

Explanation:

Given that,

Harper Company lends Hewell Company = $40,000

on March 1,

Accepting a four-month, 6% interest note.

The adjusting entry by the company would be related to interest for 1 month in the month of march:

Interest accrued would be:

$=Lending\ amount\times\ interest\ rate\times time\ period$

$=40,000\times 0.06\times \frac{1}{12}$

= $200

Therefore entry for interest receivable would be:

Interest Receivable A/c Dr. $200

To Interest revenue $200

7 0

3 years ago

Gdp is $8 trillion. if consumption is $5 trillion, investment is $1 trillion, and government purchases are $2 trillion, then:___

Sedaia [141]

Exports are equal to imports when Gdp is $8 trillion. if consumption is $5 trillion, investment is $1 trillion, and government purchases are $2 trillion

Given -

Gross Domestic Product = $8 trillion

Consumption Spending = $5 trillion

Investment Spending = $1 trillion

Government Purchases = $2 trillion

The GDP is calculated as follows -

Gross Domestic Product = Consumption + Investment + Government Purchases + Net Exports

Since other components are given, net exports can be calculated.

Net Exports = Gross Domestic Product - Consumption - Investment - Government Purchases

Net Exports = 8 - 5 - 1 - 2

Net Exports = 0

Therefore, Exports are equal to Imports

Learn more about GDP or Gross Domestic Product here

brainly.com/question/14768180

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4 0

2 years ago

A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company later returned $275 w

Contact [7]

Answer:

D. $ 4,000.50

Explanation:

Purchase of merchandise $ 4,000

Return of merchandise $ (275)

Net purchase of merchandise $ 3,725

Discount allowed @ 2 % of $ 3,725 $ (74.50)

Add: Transportation costs allowed $ 350

Total amount paid to merchandise $ 4,000.50

The merchandise returned is considered to determine the net purchases. Since the payment was made on the payment terms and discount is availed, that is also reduced.

The transportation costs is also added to the cost of the merchandise

4 0

3 years ago