Answer:
If your employer pays more than $5,250 for educational benefits for you during the year, you must generally pay tax on the amount over $5,250. Your employer should include in your wages (Form W-2, box 1) the amount that you must include in income.
Explanation:
Answer:
B. GPA required to attend the college will probably fall
Explanation:
If the demand for college falls but the tuition stays constant, GPA required to attend the college will probably fall so as to stimulate demand for colleges and increase demand for colleges.
I hope my answer helps you
<span>Purchased the patent for $170,000 in the beginning of 2011.Expected useful life is 10 years.Has a legal life of 17 years.Amortization expense = Cost/estimated useful life = $170,000/10 years = $17,000 per yea</span>
Im gonna go with e sorry if it’s wrong
Answer: Classification
Explanation:
Accrued revenue
1. Fees earned but not yet received
Accrued Expense
These are expenses that have been incurred but not yet paid for in the current accounting period.
1. Salary owed but not yet paid.
2. Taxes owed but payable in the following period.
3. Utilities owed but not yet paid.
Unearned Revenue
This represents income received before it is earned and they represent a liability to the receiver.
1. Fees received but not yet earned.
2. Subscriptions received in advance by a magazine publisher.
Prepaid Expense
They are expenses paid in advance
1. A two year premium plan paid on insurance policy
2. Supplies on hand.
