Answer:
a). $1000 should be included in his gross income.
b) The full amount of $1000 should be included in his gross income as his bonus is due.
c) The full amount of the bonus is to be included.
d) The bonus must be included still.
Explanation:
a). The $1000 amount is due to him already accrued and gross income includes accruals.
b) The bonus is for the year ending 31 december so it should be included.
c) The bonus is an accrual to him for the year.
d) definition of gross income includes all accruals to a taxpayer and this is a bonus for the current year.
Answer:
d) 500,000
Explanation:
The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:
savings balance at retirement=yearly cash withdrawal/interest rate
yearly cash withdrawal=$50,000
interest rate=10%
savings balance at retirement=$50,000/10%
savings balance at retirement$500,000
Answer:
B
Explanation:
The most ethical is the US because they have Taxations and mutable laws
Answer:
Sold at Premium (C)
Explanation:
Here, the proceeds from the bond issue ($760,000) is higher than the par value of the bond ( $750,000 ) , meaning that it has been issued at premium.
The excess of cash received over the par value of the bond should be credited to premium on Bond payable Account .
Then, the excess of effective interest charged over interest paid will be used to write-off the premium on bond payable for the period of the bond.
Public sector refers to government-owned organizations and government-provided services. Private sector refers to 1) organizations that are not government owned, and 2) the goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector.
-https://www.accountingcoach.com/blog/public-sector-private-sector