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natali 33 [55]
3 years ago
9

You get a part-time job through an employment service. The service charges you ten percent of your first week's pay as payment f

or getting you the job. Tax or no tax?
Business
2 answers:
Svetradugi [14.3K]3 years ago
8 0

Answer:

No tax

Explanation:

A tax is a compulsory and continuous levy/charge placed on an employee or employer of labor whether self employed or public servant as long as the individual or organization is employed or in Business of Making profits.and this is carried out by a Governmental organization which aids the Government in the development of the economy of the country and the provision of basic Amenities like good roads,excellent healthcare and others. failure to pay a tax is punishable by law.

The ten percent charge made by the employment service on your first week pay is not a continuous charge it is a one-off charge and it is not also made by a Government body. It is rather a service charge agreed by both party.

kotykmax [81]3 years ago
5 0
that employment service will taxed you
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Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of u
Allushta [10]

Answer:

The variable costing unit product cost was <u>$69.</u>

Explanation:

Variable Product Costing is a situation whereby only the variable costs of production is taking into account to estimating the cost per unit of a product. This implies that none of the fixed cost will be included in the cost of the product.

Based on the explanation above, the variable costing unit product cost to produce a single product by Kray Inc. can be calculated as follows:

Kray Inc.

Calculation of Variable Costing Unit Product Cost

<u>Particulars                                                          Amount ($)     </u>

Direct materials                                                        40

Direct labor                                                               19

Variable manufacturing overhead                           8

Variable selling and administrative expense     <u>     2      </u>

Variable cost per unit                                          <u>     69     </u>

Therefore, the variable costing unit product cost was <u>$69.</u>

5 0
3 years ago
The National Income and Product Accounts simultaneously provide data on: (a) production and efficiency; (b) technological progre
Slav-nsk [51]
The answer is either a or c
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Which of the following is not a characteristic of money?
Llana [10]

Answer:

This question is incomplete, here are the missing answers:

<em>a. medium of exchange</em>

<em>b. unit of account</em>

<em>c. backed by a precious metal</em>

<em>d. store of value</em>

<u>The answer is </u><u>c.</u>

Explanation:

Money has three general functions (characteristics):

- <em>medium of exchange</em> - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- <em>unit of account</em> -  In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- <em>store of value </em>- Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, <u>c. is the correct answer</u>. Also, it is also known that <em>backing money with gold</em> or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called <em>fiat money</em>.

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3 years ago
Select all of the tools you could use to track your expenses.
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3 years ago
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Below is a list of activities for Purple Cow Incorporated. Required: For each activity, indicate the impact on the accounting eq
myrzilka [38]

Answer:

             Assets        =           Liabilities         +       Stockholders' Equity

<u>1.</u>             1,600                            0                                  1600

<u>2.</u>             -400                            0                                  -400

<u>3.</u>                  0                             0                                        0

<u>4.</u>             -100                             0                                   -100

<u>5.</u>            -400                             0                                  -400  

<u>6.</u>            1000                             0                                       0

              -1000

<u>7.</u>             7000                     7000                                       0  

<u>8.</u>                   0                       200                                  -200

<u>9.</u>           10000                           0                                10000

<u>10.</u>        <u>    -500  </u>                 <u>        0     </u>                        <u>      -500     </u>

Totals     17200                     7200                                10000

5 0
3 years ago
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