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allochka39001 [22]
3 years ago
13

Caroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health i

nsurance premiums, specifically if she should have them deducted pre-tax or post-tax.
Required:

What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?

Caroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health insurance premiums, specifically if she should have them deducted pre-tax or post-tax.

Required:

What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?

All health insurance premiums must be deducted on a pre-tax basis.checked

The premium amounts are reduced by deducting them on a pre-tax basis.checked

The employee’s income that is subject to income tax(es) is reduced.checked

The income subject to Social Security and Medicare taxes is reduced.
Business
1 answer:
rusak2 [61]3 years ago
5 0

Answer:

All health insurance premiums must be deducted on a pre-tax basis.

The premium amounts are reduced by deducting them on a pre-tax basis.

The employee’s income that is subject to income tax(es) is reduced.

Explanation:

Health care premiums are deducted on a pre-tax basis, reducing the amount that both employees and employers must pay on federal income taxes, state taxes and FICA taxes.

Since your health premiums reduce your total taxes, they real amount you pay for them is reduced. Similar logic to interests paid by a company that reduce corporate taxes.

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Bronigan’s, a maker of handheld video games, recently analyzed its manufacturing process to identify value-added and non-value-a
Andrei [34K]

Answer:

Manufacturing efficiency ratio= 60%

Explanation:

Manufacturing efficiency ratio measure the proportion of time it takes to perform value-added activities. This information is used to reduce time spent on non value-adding activities, thereby reducing cost and making production faster.

Using the formula

Manufacturing efficiency ratio= Value-added production time/ production cycle time

Value-added production time= Cycle time - non value-added manufacturing time

Value-added production time= 0.5-0.2= 0.3

Therefore

Manufacturing efficiency ratio= 0.3/0.5= 0.6

Manufacturing efficiency ratio= 60%

8 0
3 years ago
If a fixed asset with a book value of $10,000 is traded for a similar fixed asset, a trade-in allowance of $15,000 is granted by
mr_godi [17]

Answer:

FALSE

The statment is false, the gain is 15,000

Explanation:

When there is commercial substance the exchange of long-term assets will recognize a gain or a loss on exchange.

When there isn't the diference will be adjusted using the value of the new asset.

In this case <u>we have commercial substance,</u> so the buyer will report a gain on exchange for 15,000 which is the allowance made by the seller.

The value has 15,000 trade-in allowance. Which means it value is for 25,000

So the diference between the current fixed asset and the new one is 15,000

25,000 - 10,000 = 15,000

The statment is false, the gain is 15,000

4 0
3 years ago
Economics (9.7.iii): What is the change in consumer surplus due to opening up to trade? Input your answer in units of millions o
Aleksandr-060686 [28]

Answer:

This is -22

Explanation:

5 0
3 years ago
FOOT CREAM MINI CASE: Athlete's Aid is a foot cream designed to prevent athlete's foot with once- daily application after shower
alex41 [277]

Answer:

The correct answer is:  negative message framing.

Explanation:

Negative message framing refers to the type of advertisement in which it is exposed benefits of a product in a very aggressive manner, showing proof of what the beneficial results of that product are or what the consequences of not having that product could lead to. As part of the marketing strategy, the advertisement is repeatedly prompted during events related to the use of the product.

3 0
4 years ago
PLEASE HELP ASAP, TRUE OR FALSE FOR EACH STAR
jolli1 [7]

Answer:

1. False: A court of appeals hears evidence to decide the facts. They do not listen to evidence to decide the facts because appeal isn't a retrial of the case.

2. True: When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.

3. True: A judge instructs a jury on the law that applies in a case. It is known as jury instructions.

4. False: Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction. There decisions are actually binding on lower courts within that state's jurisdiction.

5. True: Judges may apply the law, but they do not have power to change the law.

6. True: The U.S. Constitution is the supreme law in the United States and no other law can contradict it.

7. True: Litigation is the process of resolving a dispute through the court system.

8. True: The trial court, which first hears a case, is known as a court of original jurisdiction.

9. True: Although cases may be similar, one important fact can change the outcome and create new precedent.

10. False: Appellate Courts review questions of fact but not questions of law. The appellate court can review questions of law as "De novo" or plenary review (legal error standard).

11. True: The Uniform Commercial Code has been adopted in all fifty states.

5 0
3 years ago
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