1. 750 + 120 = 870
2. 870 + 45 = 915
3. 915 x 12 = 10,080
4. 140,000 ÷ 50 = 2,800
5. 10,080 + 2,800 = 12,880
6. 12,880 + 460 = 13,340
Yearly Payment = $13,340
1. 13,340 ÷ 12 = 1,111.80
Monthly Payment = $1,111.80
I hope I done this right!
Indirect tax is D. Sales tax.
Sales tax is the taxes that is charge or added to the items sold in the markets like hygiene, medicines, water, juices and drink and more.
It is added to the SRP of the item.
Since C corporations are separable tax entities, Cassowary Corporation will report the operating income and tax-exempt income. An S corporation is a tax reporting entity. Therefore, Barbara will report ordinary business income of $48000 (120000*40%) and tax-exempt interest income of $3200 ($8000*40%) on her individual return.
Answer: The asset's cost minus its accumulated depreciation.
Explanation: The book value of equipment owned by a company is the total worth of a company if it liquidated all its assets and substracted it's liabilities.
For easy computation it can be described as the Value of the Assets minute the accumulated depreciation for an equipment that depreciates according to time. Book value is of importance to the business as it helps to show what amount is actually the worth of a company when liquidated.
Answer:
Christopher is an Employee
Explanation:
1) Christopher is an Employee because he is been paid a flat rate regardless of the amount of work he puts in, also he is directly supervised, has an office in AAA and also he must put in 10 hours of work per week
2) Factors that makes a worker an independent contractor or an Employee includes
- level of instruction; If the company or its representative directs the worker on how, when and where a job can be done this indicates that the worker is an employee
- work schedule: An independent contractor is totally in control of his time and determines the amount of hours to put in but if the work schedule is determined by the company then it will be an employee arrangement
- form of payment ; Hourly, weekly and monthly payments are mostly used for employees ,most independent contractors collect their pay once a task is completed by them
- profit or loss : Employees do not share in the profit or loss of the organization since they are paid a flat rate.