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3 years ago

What is a difference between payroll and income taxes?

2 answers:

7 0

payroll tax<span> is paid at least partly by the employer, while </span>income taxes<span> are paid by employees.the main diffence is that who pays</span>

BaLLatris [955]3 years ago

5 0

Answer:

on e2020 the answer is A. Payroll taxes are itemized deductions from an individual's paycheck, while income taxes are based on an individual's salary.

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A small business owner visits his bank to ask for a loan. The owner states that she can repay a loan at $1,250 per month for the

qaws [65]

Answer:

$45,195

Explanation:

we need to calculate the present value of the annuities:

first we must determine the PV (in 3 years) of the 24 $500 payments:

PV = payment x annuity factor (PV annuity, 1%, 24 periods) = $500 x 21.243 = $10,621.50

now we need to calculate the PV of $10,621.50:

PV = $10,621.50 / (1 + 12%)³ = $7560.17

finally we must calculate the PV of the 36 initial $1,250 payments:

PV = payment x annuity factor (PV annuity, 1%, 36 periods) = $1,250 x 30.108 = $37,635

The bank should lend her $7,560 + $37,635 = $45,195

6 0

3 years ago

What are some things you'd like to start doing today or in the next couple of years to prepare for college or other training?

BartSMP [9]

Try to read the book about that part

8 0

4 years ago

Read 2 more answers

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

3 years ago

Cynthia hates writing term papers and reports, so when she receives an assignment to write a paper for her law class, she calls

klasskru [66]

Answer: Vicarious infringement

Explanation:

Vicarious infringement is a term used in legal processes to describe the Liabilities of which a person or an organisation incurs or inherits as a result of the infringement acts of another person, the other person may be a person's agent who represents him in certain circumstances.

VICARIOUS INFRINGEMENT IS THE SAME FOR BOTH COPYRIGHT AND TRADEMARK LAWS.

5 0

4 years ago

Hopefully you can help me out thank you

gregori [183]

Answer:

16. A 17. B

Explanation:

16. A budget for revenue and expenses shows estimated earnings and estimated costs. It is different from a capital expenditure budget, which shows which assets you are going to invest into for the long term.

17. Budgeting should be done prudently. One should understate when it comes to income and overstate when it comes to expenses, so as to not get losses in the future. It is better to make more profit then have more losses in the future

6 0

4 years ago