The work of factory employees that can be physically and directly associated with converting raw materials into finished goods.

The following information is from Princeton Company’s comparative balance sheets. At December 31 Current Year Prior Year Common

Travka [436]

Answer:

Explanation:

Common Stock

Debit Credit

To ending balance $115,000.00 By Beginning balance $112,000.00

By Cash Received $3,000.00

Total $115,000.00 Total $115,000.00

Paid-in capital in excess of par

Debit Credit

To ending balance $579,000.00 By Beginning balance $348,000.00

By Cash Received $231,000.00

Total $579,000.00 Total $579,000.00

Therefore, Cash received from issue of common stock = $3,000 + $231,000 = $234,000

5 0

3 years ago

Taxes on the property buyer Tamara is purchasing are $8,200, due on December 31. If the closing is set for June 29th, using the

trapecia [35]

$4,044 tax is credited to buyer.

Solution:

$8,200 annual taxes is imposed for 365 days.

hence the tax per day = $\frac{8,200}{365} =$ $22.466

now for a duration of 180 days, that is, from 1 January to 29 June

Total tax imposed = $180\times 22.466 =$ $4044

Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
Around 3000 and 2800, the first known taxation occurred in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation.
Taxes can be paid in cash or in the labor equivalent and can be either direct or indirect.

To learn more about Tax with the given link

brainly.com/question/1362871

#SPJ4

8 0

2 years ago

Tiffany scott puts $10,000 into a load mutual fund. she knows that her up-front sales commission is 6%. how much of her money ac

ryzh [129]

If the upfront sales commission is 6%, then $9,400 will go to actually buy shares. This is because 6% of $10,000 is $600. Thus, to find the answer, you must subtract $600 from the initial amount, $10,000. Thus, $10,000 - $600 = $9,400. So, there is $9,400 left over to buy shares in the mutual fund.

5 0

4 years ago

1. Which tax is paid to a third party? a. direct b. flat c. income d. indirect

Anni [7]

"Indirect
This tax would be one that is paid, for example, to a business who then is liable for the same amount to the tax collecting agency, rather than directly to the agency for the amount owed. A good example of this would be a sales tax - the actual money from the consumer is paid to the business, who takes a sales or VAT tax as a intermediary and remits the amount to the government when they file each month."

8 0

3 years ago

Read 2 more answers

After a deduction for dental insurance was taken out, mike's annual net income went from $65,150 to $65,000. if mike pays 25% of

hram777 [196]

Mike's contribution = 65,150 - 65,000 = 150 = 25% of dental insurance plan
--> Company pays 75% = 3 x 150 = $450/year 

(You have to assume that dental insurance deduction is tax-exempt or you would have to factor in also his tax bracket and thus the gross contribution as oppose to net contribution. I am pretty sure DID is tax-exempt)

4 0

3 years ago