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3 years ago

What is federal income tax?

2 answers:

8 0

First off if you ever look at someone's paycheck it has a spot on there that tells you how much is taken away. There are so many different things associated with federal income tax. Social Security, Medicare, and Medicaid are all taken out due to Federal Income Tax. Social Security is suppose to pay you back for all they have taken once you retire.

timurjin [86]3 years ago

7 0

Federal income tax is the income tax you pay to the federal government. The income tax is determined by a schedule or a table. The more you make, the more you will end up paying.

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"at rogopt, a multinational e-commerce site, the human resources department sends out emails to all its branches whenever there

Nataly_w [17]

<span>At Rogopt, a multinational e-commerce site, the human resources department sends out emails to all its branches whenever there are any job openings in the company's headquarters. In this scenario, Rogopt is engaged in internal recruiting.

Internal recruiting is defined as filling/looking to fill job openings in the company with those already in working within the company. External recruitment refers to filling slots for the business with people who work outside of the company. </span>

6 0

3 years ago

List three conditions for perfect competition.Instructions: You may select more than one answer.1. There is only one firm that m

Jobisdone [24]

Answer:

There are no barriers to entry.

5. Both buyers and sellers are price takers

.7. Firms’ products are identical.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopoly is when there's only one firm operating in an industry.

I hope my answer helps you

6 0

2 years ago

Read 2 more answers

Vaughn Manufacturing lends Wildhorse Co. $51600 on April 1, accepting a four-month, 6% interest note. Vaughn Manufacturing prepa

ryzh [129]

Answer: See explanation

Explanation:

Based on the scenario in the question, there will be a debit to interest receivable in the amount of:

= $51600 × 6%/12

= $51600 × 0.06/12

= $51600 × 0.005

= $280

Interest revenue will also be credited in the amount of $280

Debit: Interest receivable $280

Credit: Interest revenue $280

7 0

2 years ago

The music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes: a.

ExtremeBDS [4]

Answer:

Explanation:

According to the music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes our personal taste and decisions regarding music. Just like in high school, groups have the ability to influence other peoples decisions. Especially those who look to those groups as superior. Which was demonstrated by the study mentioned in the question in regards to music.

5 0

3 years ago

At the beginning of 2018, Artichoke Academy reported a balance in common stock of $168,000 and a balance in retained earnings of

frozen [14]

Answer:

increase in retained earnings = $48,000 - $11,800 = $36,200

increase in common stock = $58,000

<h2>Balance sheet</h2>

Assets:

Assets

Cash $54,400

Supplies $12,700

Prepaid rent $33,000

Land $290,000

Total assets $390,100

Liabilities

Accounts payable $15,600

Utilities payable $6,000

Salaries payable $5,300

Notes payable $33,000

Total liabilities $59,900

Equity

Common stock $226,000

Retained earnings $104,200

Total equity $330,200

Total liabilities + equity $390,100

<h2>Statement of stockholders' equity</h2>

Common stock balance Jan. 2018 $168,000

Retained earnings balance Jan. 2018 $68,000

Net income <u> $58,000</u>

Sub-total $294,000

Common stocks issued $58,000

Distributed dividends <u> ($11,800)</u>

Subtotal $330,200

Common stock balance Dec. 2018 $226,000

Retained earnings balance Dec. 2018 $104,200

7 0

2 years ago