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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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Ben Collins plans to buy a house for $188,000. If the real estate in his area is expected to increase in value by 3 percent each
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The value after seven years from now is $231,216.29

Explanation:

The computation of the expected value would be seven years from now is shown below:

Here we use the future value formula i.e. shown below:

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= $188,000 × (1 + 0.03)^7

= $188,000 × (1.03)^7

= $231,216.29

Hence, the value after seven years from now is $231,216.29

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Given the following information and assuming beginning inventory was zero and a periodic inventory system was used, what is the
aivan3 [116]

Answer:

A.  $650 $750 $677

Explanation:

period                 purchases                            sales

1                        20 units at $50                15 units at $60

2                       35 units at $40                35 units at $45

3                       85 units at $30                85 units at $35

total revenue = $900 + $1,575 + $2,975 = $5,450

COGS:

  • using FIFO = (15 x $50) + (5 x $50) + (30 x $40) + (5 x $40) + (80 x $30) = $4,800
  • using LIFO = (15 x $50) + (35 x $40) + (85 x $30) = $4,700
  • cost average = ($4,950 / 140 units) x 135 units = $4,773.21

Gross profit:

  • using LIFO = $5,450 - $4,800 = $650
  • using FIFO = $5,450 - $4,700 = $750
  • using cost average = $5,450 - $4,773.21 = $676.79 ≈ $677
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3 years ago
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