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3 years ago

Which type of tax is not represented on the W-2

1 answer:

7 0

State taxes are not represented on the W-2 form. The W-2 form is used for reporting wages to employees and the taxes that are withheld from said wages. State taxes are only shown in the W-2 if the employer explicitly states that a box is used for state taxes.

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The government tax for a sole proprietorships and a partnership is classified under

guapka [62]

Answer:

the answer is personal income

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2 years ago

Read 2 more answers

You are an economist studying the small country of Mardodus. As you look at the data, you see Mardodus has experienced an influx

WINSTONCH [101]

Answer: Natural rate of unemployment will decrease because the productivity growth in the short term has passed up wage growth.

Explanation:

The natural unemployment rate simply means the lowest unemployment rate where the inflation in the economy is stable.

Based on the information given in the question, if the natural unemployment rate for this time frame.is analyzed, the natural rate of unemployment will reduce due to the fact that the productivity growth in the short term has passed up wage growth.

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2 years ago

the term structure of interest rates is a. the relationship among interest rates of different bonds with the same maturity. b. t

AveGali [126]

The term structure of interest rates is the relationship between interest rates or bond yields and different terms or maturities.

What is Term Structure of Interest Rates?

The yield curve, also known as the term structure of interest rates, represents the interest rates of bonds of comparable quality but different maturities. The interest rate term structure shows market participants' expectations for future interest rate adjustments as well as their evaluation of the state of monetary policy.

The relationship between interest rates or bond yields and various terms or maturities is, in essence, the term structure of interest rates. The term structure of interest rates is referred to as a yield curve when it is graphed, and it is extremely important in determining the state of an economy at any one time.

To know more about term structure of interest rates refer:

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1 year ago

A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. The only changes affecting retained

netineya [11]

Answer:

Ikiban Inc.

Statement of Cash flows

For the Year Ended June 30, 2017

Cash flow from operating activities:

Net income $117,510

Adjustments to net income:

Depreciation expense $67,600
Decrease in inventory $27,200
Decrease in prepaid expenses $1,900
Increase in accounts receivable ($18,500)
Gain from sale of equipment ($3,000)
Decrease in accounts payable ($9,500)
Decrease in wages payable ($9,900)
Decrease in taxes payable ($2,800) $53,000

Net cash flow from operating activities $170,510

Cash flow from investing activities:

Purchase of new equipment ($67,600)

Disposal of old equipment $13,500

Net cash flow from investing activities ($54,100)

Cash flow from financing activities:

Issuance of common stock $69,000

Retirement of note payable ($30,000)

Distributed dividends ($106,310)

Net cash flow from financing activities ($67,310)

Net cash increase $49,100

Cash balance June 30, 2016 $53,000

Cash balance June 30, 2017 $102,100

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3 years ago

Monty Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $

Genrish500 [490]

Answer:

Depreciation Expense $2,112 (debit)

Accumulated Depreciation $2,112 (credit)

Cash $13,860 (debit)

Accumulated Depreciation $13,200 (debit)

Machinery at Cost $26,400 (credit)

Profit and loss $660 (credit)

Explanation:

2021 Depreciation Expense calculation

Depreciation Expense = $3,168 × 8 /12

= $2,112

Therefore total accumulated depreciation will be :

Accumulated depreciation = $11,088 + $2,112

= $13,200

The following happen when the asset is sold :

Derecognize the cost of asset
Derecognize the accumulated depreciation of the asset
Recognize the proceeds from sale
Recognize the profit or loss on the sale of the asset.

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3 years ago