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4 years ago

How do you contribute to uneployment if you do not pay tax?

1 answer:

5 0

As long as one started working, he/she is then responsible to paying taxes to the government or to the state. The tax that he is paying is used for the programs planned by the government for the sake of the citizens. If you have been working but is not paying tax, it just seems that you have not worked at all. You will not have any record of being a tax payer and the government will count you in as someone who is unemployed.

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Southwick Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead

solong [7]

Answer:

a. 105

b. For machining $130

For assembly $50

Explanation:

a. The computation of the company's current plant-wide overhead rate is shown below:-

Current plant-wide overhead rate = Total manufacturing overhead ÷ Total direct labor hours

= $1,050,000 ÷ 10,000

= 105

b. The computation of refined departmental overhead rates is shown below:-

Departmental overhead cost = Overhead cost of department ÷ Cost driver of department

For machining

= $650,000 ÷ 5,000

= $130

For Assembly

= $400,000 ÷ 8,000

= $50

8 0

3 years ago

Sebastian purchases two pieces of equipment for $100,000. Appraisals of the equipment indicate that the fair market value of the

Schach [20]

Answer:

$100,000

Explanation:

According to the internal revenue service ''In most situations, the basis of an asset is its cost to you. The cost is the amount you pay for it in cash, debt obligations, and other property or services. Cost includes sales tax and other expenses connected with the purchase.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

8 0

3 years ago

Who is the principal Federal official for domestic incident management? A. FEMA Administrator B. Federal Coordinating Officer C.

hram777 [196]

Answer:

Explanation:

The individual that acts as the principal Federal official for domestic incident management is referred to as the Secretary of Homeland Security. The individual in this role is responsible for overseeing the proper functioning of the Department of Homeland security which deals with counter-terrorism, cyber-security, aviation security, and border security among other things. Today the individual in this position is Chad Wolf.

7 0

3 years ago

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

1. 1,600 0 1600

2. -400 0 -400

3. 0 0 0

4. -100 0 -100

5. -400 0 -400

6. 1000 0 0

-1000

7. 7000 7000 0

8. 0 200 -200

9. 10000 0 10000

10. -500 0 -500

Totals 17200 7200 10000

5 0

3 years ago

True or False: A dollar today is worth less than a dollar tomorrow. Group of answer choices True False

Kruka [31]

Answer:

I think true

Explanation:

a dollar today would cost more than it did tomorrow because of inflation...

7 0

2 years ago