Answer:
Withheld from employee pay.
Explanation:
Your paycheck stub should show the following withholdings:
1) The Federal Insurance Contributions Act (FICA) taxes include:
- Social security tax rate for employees is 6.2% (for all income up to $132,900)
- Medicare tax rate for employees is 1.45% (for all income up to $200,000, above that an extra 0.9% is collected)
2) Federal income taxes (depends on income bracket)
3) State income taxes (depends on state taxes and income brackets, not all states collect them)
4) any other local or city taxes
Answer: The aspect of the <u>SMART</u> goal that is missing is <u>Deadlines or Target date.</u>
Explanation:
Here <u>SMART</u> is abbreviated as <u>S</u>pecific, <u>M</u>easurable, <u>A</u>ttainable, <u>R</u>esult oriented and <u>T</u>ime bound. The aspect of the time bound has not been included in this respective scenario.
Answer:
Medium of Exchange
Explanation:
A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.
A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.
Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.
Answer:
b. They typically use financial and non-financial data aggregated at a high level.
Explanation:
The statement which is correct concerning analytical procedures used in planning an audit engagement is statement B because the use of financial and non-financial data aggregated at a high level is commonly used during preliminary analytical procedures. Evaluations of financial knowledge gained by the research of PLAUSIBLE RELATIONSHIPS between both financial plus non-financial data. Typically use financial and non-financial data AGGREGATED AT A HIGH LEVEL, they are a Type of Audit Procedure as well as a Type of Evidence (usually practiced in alliance with different kinds of data) as the aforementioned that it is known as analytical procedures.
