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jek_recluse [69]
3 years ago
9

Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her emp

loyer during 2017: Best Design, Santa Fe County: $1,340 Top Graphic Layout, New Mexico: $1,775 Employee of the Year: $785Required:How much of her achievement award income is taxable? ____
Business
1 answer:
puteri [66]3 years ago
8 0

Answer:

$2,300

Explanation:

Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.

The excludable amount or deduction is $1,600 out of total amount of awards.

Total amount of awards = Design + Graphic + Employee  of the year

                                         = $1,340 + $1,775 + $785

                                          = $3,900

Taxable awards = Total amount of awards – Excludable amount

                            = $3,900 – $1,600

                             = $2,300

However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.

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Jackson Company uses a perpetual inventory system. On November 30, it purchased $10,000 of merchandise and it must pay the $200
pshichka [43]

Answer:

Option (A) A debit to inventory for $200

Explanation:

The entire cost of purchasing products (including the cost of having the inventory shipped to the buyer) is reported as part of the cost of the inventory in a perpetual inventory system.

The entry of paying the charges for shipping is included in debit to inventory for $200 and a credit to cash for $200.

Hence,

The answer is option (A) A debit to inventory for $200

8 0
3 years ago
If the government imposes a price floor on wheat at $5 and agrees to purchase any surpluses, how much will the government be for
eimsori [14]
<span>The answer is that the government will be forced to spend $15,000,000.
government imposes a price floor on wheat at $5 
there will be a surplus of $3,000,000
</span><span>the government will be forced to spend = $5 x $3,000,000 = $15,000,000</span>
7 0
3 years ago
To satisfy their economic wants, people ______ goods and services.
Taya2010 [7]

Answer: Consume.

Explanation: To satisfy their wants humans tends to consume goods and services. consumes in this sentence is used to indicate the Human purchasing power to sati their needs. And what are human needs this are what we need to survive on a daily basis mainly food, clothes and shelter. So by consuming goods and services we are satisfying our need.

3 0
3 years ago
Windsor, the owner of Windsor's Sandwiches contacts a new supplier Gary. He tells Gary that he will pay him $375 if Gary deliver
adelina 88 [10]

Answer:

Bilateral Contract

Explanation:

A bilateral contract is an agreement between two parties in which each side agrees to fulfill his or her side of the bargain.

The bilateral contract is the most common kind of binding agreement. Each party is both an obligor (a person who is bound to another) to its own promise, and an obligee (a person to whom another is obligated or bound) on the other party's promise. A contract is signed so that the agreement is clear and legally enforceable.

In this case Windsor promises to pay $375 and Gary promises to deliver 20 pounds of cheese.

4 0
3 years ago
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Svetllana [295]

Complete question:

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B. performance appraisal

C. BARS

D. job analysis

Answer:

Joe was performing a job analysis

Explanation:

Job analyzes are a set of protocols for defining the contents for the job and the features or criteria required for the execution of the tasks. Job analytics provide employers with knowledge that helps to recognize which personnel is ideally suited to particular work.

An example of a job analysis model might list tasks or activities of the job and determine each performance level. Within this way, the role of job analysis is critical. Many companies typically take the same generic approach without details on the task description. All workers are tested in a similar set of features or characteristics presuming that they are required for all work.

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