Civilian federal employees are also referred to as
<u> "civil servants".</u>
The civil service is free of government and made basically out of vocation civil servants procured on expert legitimacy instead of selected or chose, whose institutional residency regularly survives advances of political initiative. A civil servant or public servant is a man utilized in people in general division for the benefit of an administration office or office. The degree of government workers of a state as a major aspect of the "civil service" differs from nation to nation.
Answer:
total cost of farming = $380
so correct option is d. $380
Explanation:
given data
cost of seeds = $130
Farmer Ziva charges = $25
time = 10 hours
solution
so total cost of farming is calculated as
total cost of farming = cost of seeds + opportunity cost
so put value
total cost of farming = $130 + ( $25 × 10 )
total cost of farming = 130 + ( 250 )
total cost of farming = $380
so correct option is d. $380
The number of opponents a canidate faces
Answer:
$400,000
Explanation:
Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was <u>probable</u>. And a <u>reasonable estimate </u>of additional taxes was $400,000 but could be as much as $600,000.
Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.
Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet
The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.
- Existing Condition (which in this case is the tax dispute with the IRS)
- Probable Cash Outflow (which Tedd's Tax adviser confirmed)
- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')
Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.
Answer:
The corporation's tax liability is $ 228,820.
Explanation:
To calculate tax liability we first have to find net profit. Detail calculation is given below.
<u><em>Net profit Calculation</em></u>
Sales $ 3,130,000
cost of goods sold and the operating expenses ($ 2,080,000)
Interest expense ( $ 377,000)
Net profit $ 673,000
<u><em>Tax liability Calculation</em></u>
Income fall under Tax bracket of 34% ($75,001 to $10,000,0000 for corporate tax. No additional surtax will be charged as income do not fall under its net.
Tax liabilty = 673,000 * 34% = $ 228,820
