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serg [7]
3 years ago
12

. Which one of the following applies to a general partnership?A. The firm's operations must be controlled by a single partner.B.

Any one of the partners can be held solely liable for all of the partnership's debt.C. The profits of the firm are taxed as a separate entity.D. Each partner's liability for the firm's debts is limited to each partner's investment in the firm.E. The profits of a general partnership are taxed the same as those of a corporation.
Business
1 answer:
Gekata [30.6K]3 years ago
6 0

Answer:

B. Any one of the partners can be held solely liable for all of the partnership's debt.

Explanation:

In a partnership the liabilities of the partners are not limited to the share they contributed in the partnership, rather they can be individually held liable if the partnership is not able to meet the debt.

Further the taxation of profits under the partnership is based on the principle similar to sole proprietorship, as the profits are taxed in the hands of partners and not in the hands of partnership firm.

All the partners are equally liable for the operations of business, and there are types of partners, active partner, sleeping partner, etc:

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Which option in a webmail program allows you to type a new message? The option allows you to create a new message. NextReset
mixas84 [53]

Answer:

The "compose" or "draft" option allows you to type a new message.

3 0
3 years ago
During one pay period, your company distributes $130,500 to employees as net pay. the income tax withholdings were $19,000 and t
zysi [14]
Given:
130,500 net pay to employees
  19,000 income tax withholding
    5,000 FICA withholding

130,500 + 19,000 + 5,000 + 5,000 = 159,500

<span>The total wages and payroll tax expense to the company for this pay period, excluding any unemployment taxes, is $159,500.
</span>
The 5,000 is added twice because the first 5,000 is withheld from the employees salary as the employees share. The employer also has to pay off 5,000 as employer's share to the employee's FICA withholding. Thus, the presence of the 2nd 5,000. 

FICA, <span> Federal Insurance Contributions Act,</span> is composed of
1) <span>6.2 % Social Security tax;
2) <span>1.45 % Medicare tax (the “regular” Medicare tax); and
3) 0.9 % of a Medicare surtax starting 2013 for employees earning over $200,000. 
</span></span>

3 0
3 years ago
What process is designed to help new employees become familiar with their jobs and organizations?.
emmasim [6.3K]

The employee orientation process is intended to aid new hires in becoming acquainted with their positions and organizations.

An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization or organization (Commonwealth English; see spelling variations). The word is derived from the Greek word organon, which also refers to an instrument, an organ, and many tools. Comparatively speaking, consider the idea of social groups, which can encompass non-organizations.

The terms "organizations" and "institutions" can be used interchangeably, but according to Jack Knight, organizations are either a more condensed version of institutions or a group of institutions; the two are different in that organizations comprise internal institutions (that govern interactions between the members of the organizations).

Learn more about process process here

brainly.com/question/14654945

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8 0
1 year ago
Company Q owns controlling shares of stock in companies A, B, C, and D. This is an example of a Pool Partnership Holding Company
MaRussiya [10]

Answer:

Holding

Explanation:

When a company or a share holder owns a share which is more than 50 percent share of the company in the market, than than individual or company has a controlling shares in the company.

This gives him the right of deciding the in the meetings of the shareholders and to take control of the company's direction.

Such is an example of a Holding company. A holding company does not produce or manufacture any goods or sell anything. It is a company which owns outstanding stock of other companies and forms a group of companies.

3 0
3 years ago
Beginning investments should be?
Amiraneli [1.4K]

Answer:

Investment Beginner

There are plenty of investments for beginners, including mutual funds and robo-advisors.

…

Here are six investments that are well-suited for beginner investors.

401(k) or employer retirement plan.

A robo-advisor.

Target-date mutual fund.

Index funds.

Exchange-traded funds (ETFs)

Investment app

Explanation:

4 0
3 years ago
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