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3 years ago

What is codetermination?

Business

1 answer:

valina [46]3 years ago

7 0

Answer:

The answer is b.The inclusion of a corporation's employees on its board

Explanation:

Co determination involves employees being legally allocated control rights over corporate assets through seats on the supervisory board (the board of non executive directors). The supervisory board oversees the management board (board of executive directors) approving or rejecting its decisions, and appointing its members and setting their salaries.

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According to a summary of the payroll of Guthrie Co., $560,000 was subject to the 6.0% social security tax and the 1.5% Medicare

Sunny_sXe [5.5K]

Answer and Explanation:

a. The computation of an employer's payroll taxes is shown below:-

Employer's payroll taxes = Social Security tax payable + Medicare tax payable + State Unemployment tax payable + Federal Unemployment tax payable

= ($560,000 × 6%) + ($560,000 × 1.5%) + ($60,000 × 0.6%) + ($60,000 × 0.6%)

= $33,600 + $8,400 + $3,240 + $360

= $45,600

b. The Journal entry is shown below:-

Payroll tax expense $ Dr, $45,600 -

To Social Security tax payable $33,600

To Medicare tax payable $8,400

To State Unemployment tax payable $3,240

To Federal Unemployment tax payable $360

(Being accrual of payroll taxes is recorded)

5 0

2 years ago

What is pulchritude

Rufina [12.5K]

Answer: it means beauty

Explanation:

5 0

3 years ago

A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False

hichkok12 [17]

Answer:

True

Explanation:

A LLC is a company that has its own identity and is taxed separated from all owners and investors.

6 0

2 years ago

On January 1, 2021, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $210,

Usimov [2.4K]

Answer:

"$224,000" is the correct solution.

Explanation:

The given values are:

Corporation purchased percentage,

= 25%

Original investment,

= $210,000

Short's net income,

= $80,000

Paid cash dividend,

= $24,000

Now,

The share of net income will be:

= $25 \ percent\times 80,000$

= $0.25\times 80000$

= $20,000$ ($)

The cash dividend will be:

= $25 \ percent\times 24,000$

= $0.25\times 24,000$

= $6,000$ ($)

hence,

On December 31, 2021, the balance will be:

= $Original \ investment+Net \ income \ share+Cash \ dividend$

= $210,000+20,000+6,000$

= $230,000-6,000$

= $224,000$ ($)

6 0

2 years ago

Pharoah Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $384,900 and are paid on

Keith_Richards [23]

Answer: Pharaohs journal $

Date

December 31, 2017

StaffBonusexpensesDr384,900

Accruede liability Cr384,900

Narration. Staff bonus due as at date.

February 15,2018

Accrued liability Dr 384, 900

Bank Cr. 384,900

Narration. Payment of staff bonus due

Explanation:

In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.

The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.

5 0

2 years ago