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liberstina [14]
2 years ago
5

For questions 1-10 fill in the blank with the letter of the term or description that best matches the term.

Business
1 answer:
yKpoI14uk [10]2 years ago
7 0

Answer:

Explanation:

1. Deductions

Deductions are amounts deducted from a gross amount. These deductions include both mandatory deductions that are required by law, and voluntary deductions are not legally required.

2. methods of paying employees

You can pay them by cash or direct bank transfer. But direct bank transfer is more secure way for payments.

3. commission

Commission is a sum of money that is paid to an employee upon completion of a task, usually the task of selling a certain amount of goods or services. It can be paid as a percentage of the sale or as a flat dollar amount based on sales volume.  

4. hourly rate

A fixed hourly rate of pay means you have a set amount you're paid for each hour of work you perform. Unlike a salary where you make the same amount regardless of how much time you work, hourly workers are paid for exactly the amount of time they spend working

5. salary

Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.

6. standard deductions

Standard deductions are the portion of income not subject to tax that can be used to reduce your tax payable.  It is a dollar amount that is subtracted from their income before income tax is calculated. It reduces your total tax payable.

7. withholdings

Withholding is the portion of an employee's wages that is not included in his or her paycheck but is instead remitted directly to the federal, state, or local tax authorities. Withholding reduces the amount of tax employees must pay when they submit their annual tax returns. It is basically the amount deducted from the gross pay and usually paid to statutory authorities.

8. specific required deductions

These are mandatory deductions required to be deducted from employees gross pay. Employer has to deduct them from every employee.

9. voluntary deductions

Voluntary deductions are amounts which an employee has elected to have subtracted from gross pay. You are not required by law to deduct them unless employees opts them. Examples are group life insurance, healthcare, accident, disability and life insurance; retirement plan, and/or other benefit deductions.

10. payroll register

A payroll register is the record for a pay period that lists employee hours worked, gross pay, net pay, deductions, and payroll date. In other words, a payroll register is the document that records all of the details about employees' payroll during a period.

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Consider the following bond quote: a municipal bond quoted at 101.25. If the municipal bond has a par value of $5,000, what is t
Elena L [17]

Answer:

= $5,062.5

Explanation:

A municipal bond represents a security usually of debt used primarily for capital expenditure financing by the government of a municipality, a state or a county. Such capital expenditure includes building infrastructures such as roads, schools, hospitals, bridges among several others.

Municipal bonds are usually exempted from taxes; federal taxes and even in quite a number of states both the state and the local taxes. This is done to motivate the people to purchase the bonds.

To calculate the price of the bond in dollars, the step is to

Multiply the Municipal bond quote (in percentage) by the Municipal bond par value

= Municipal bond quote = 101.25%

Municipal bond par value= $5,000

= 101.25% x $5000

= $5,062.5

5 0
3 years ago
Amy borrowed $10,500 to purchase a new Toyota Yaris and agreed to pay back $14,320 in
OleMash [197]

Answer: 60.36%

Explanation:

Interest = Amount - Principal

= 14320 - 10500

= 3820

Time = 220 days

Rate = Unknown

Interest = PRT/100

3820 = (10500 × R × 220/365)/100

3820 = (10500 × R × 0.6027397)/100

3820 = 6328.7671R/100

Cross multiply

3820 × 100 = 6328.7671R

R = 382000/6328.7671

R = 60.36%

The ordinary interest rate was 60.36%

6 0
3 years ago
Topsider Inc. is evaluating whether to replace an existing leather-cutting machine with a new machine that has a five-year life.
pogonyaev

Answer:

$9,520

Explanation:

Terminal cash flow = After tax salvage value of new machine + Recovery of net working capital

Terminal cash flow = $6,000 + $3,520

Terminal cash flow = $9,520

So, the new machine's terminal cash is $9,520.

5 0
2 years ago
The Human Resources department of Superior Catering conducted a training workshop on setting and achieving organization goals. D
Harman [31]

Answer:

The goals are not time-bound, there is no specific date as to when they should be achieved.

Explanation:

SMART goals should be:

  • Specific
  • Measurable  
  • Achievable
  • Relevant
  • Time-Bound: how long will it take DeJohn and his managers to accomplish their goals, e.g. six months, one year?

7 0
3 years ago
Capital structure decisions include determining: Group of answer choices The terms of a bond issue to fund a project. the amount
IgorC [24]

Answer:

The correct answer is letter "A": The terms of a bond issue to fund a project.

Explanation:

Capital structure is the mixture of a company's debt and equity to fund its long-term operations and growth. Common stock is the most common type of capital for publicly traded companies, which typically forms the majority of a company's stock ownership. Bonds are another firm companies raises funds from under a repayment promissory note. Capital structure helps investors to assess the optimal value of a firm's capital expense.

5 0
3 years ago
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