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SCORPION-xisa [38]
3 years ago
13

How do Charities avoid paying the taxes that other firms must pay

Business
2 answers:
Bess [88]3 years ago
6 0
Because they support people
Ymorist [56]3 years ago
5 0
Because they get it free they don't have to do work for the money
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Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with jo
Svet_ta [14]

Answer:

Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.

Explanation:

An effective internal control system

This simply aim to give adequate hope that  the policies, processes, tasks, behaviours etc, of  an organisation, when complied, helps its effective and efficient operation of the organisation etc.

It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization  by  the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours,  overtime, must be approved by employees supervisor.

Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.

7 0
3 years ago
Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines
Yakvenalex [24]

Answer:

The answer is:D) $226.78

Explanation:

To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)

where:

  • rate = 5.73% / 4 = 1.4325%
  • nper = 52 x 4 = 208
  • pv = 0
  • fv = 289,209.11

PMT = $226.78

6 0
3 years ago
Companies need to select the best employees who apply because the cost of employees who leave is very high.
Fofino [41]

Companies need to select the best employees who apply because the cost of <u>replacing</u> employees who leave is very high

<h3>What is the meaning of job replacement?</h3>

Replacement Employee is defined as a worker hired by the employer on a full-time or part-time basis for at least two calendar months to cover the absence of another worker who is out on an extended leave.

<h3>What is the replacement policy?</h3>

When a Removed Policy expires or is canceled, a Replacement Policy—which is one offered or issued by the insurer on its own policy forms—comes into force.

<h3>How company work?</h3>

The legal existence of a firm is distinct from that of its owners, managers, operators, employees, and agents. A firm has the same rights and privileges as an individual, including the ability to own and sell property, bring legal action and be sued, and enter into contracts.

To know more about company work visit:

brainly.com/question/14555664

#SPJ4

I understand that the question you are looking for is :

Companies need to select the best employees who apply because the cost of ___________ employees who leave is very high

3 0
2 years ago
On January 1, Boston Enterprises issues bonds that have a $1,650,000 par value, mature in 20 years, and pay 10% interest semiann
evablogger [386]

Answer:

$82,500

Explanation:

the journal entry to record the bond issuance

Dr Cash 1,650,000

    Cr Bonds payable 1,650,000

bonds sold at par

Every 6 months it will pay = $1,650,000 x 10% x 1/2 = $82,500

journal entry to record first coupon payment

Dr Interest expense 82,500

    Cr Cash 82,500

7 0
3 years ago
Which of the following balance sheet equations is​ INCORRECT? A. Assets minus Current liabilities​ = Longminusterm liabilities​
Kipish [7]

Answer:

C

Explanation:

This balance sheet equation is incorrect, Assets minus Current liabilities​ = Longminusterm liabilities

5 0
3 years ago
Read 2 more answers
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