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Montano1993 [528]
3 years ago
13

Melba receives most of her income from wages from her job as a high school teacher. She also receives supplemental income from f

reelance tutoring part-time during the summer. Because her tutoring income is not subject to withholding, Melba is concerned that she will have a balance due at the end of the year. Which of the following is an option you can recommend to Melba to avoid a balance due?
A) Decrease her withholding allowances by submitting Form W-4 to her employer.

B) Claim an exemption from withholding.

C) Send a notarized letter to her employer requesting that they withhold additional amounts from her pay each month.

D) Investigate whether she qualifies to classify her tutoring income as a hobby rather than as business income.
Business
1 answer:
kiruha [24]3 years ago
5 0

Send a notarised letter to her employer requesting that they withhold additional amounts from her pay each month.

Option C

Explanation:

A certificate approved by a notary public is a notarised text. The notary public is a public officer who confirms the identity of everyone who signs the document, observes the signatures and seals the document.

If at the flat rate or the low marital rate they withhold.

Many deductions are claimed: any gain they claim decreases the amount deducted. In the case of a further refund: you will petition for a further amount of each paycheck that is withheld.

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On May 1, Study and Burrow, two college professors, entered into and oral contract under which study agreed to sell his computer
nasty-shy [4]

Answer:

Check the following explanation

Explanation:

a) Usually a contract has the following elements:

Offer .

Acceptance .

Consideration .

Intention to create a legal relationship .

In the given case, the intention to create a legal relationship is missing. Though Study had sent a written legal contract to Burrow to affirm the contract, Burrow did not show any interest regarding the same. Hence Burrow can’t be sued for breach of contracts. Moreover the confirmation letter sent by Study does not qualify under the Merchant Memo Rule as the involved parties are not merchants. Burrow can use the terms of UCC for his favour. The UCC states that any contract with value more than $500 must be in writing. As the involved amount in this case is $1300, hence this case does not qualify as a contract under UCC.

b) If Study and Burrow were merchants, then the Merchant Memo Rule gets applicable. Then in that case, if 2 merchants enter into an oral contract, which is worth $500 or more and one of the merchant sends a written confirmation for the same, then a contract will be considered enforceable. In such a case, Burrow will be held liable for breach of contract and can be sued by Study.

4 0
3 years ago
Scientific management approach has lost its relevance. How might today's
Setler [38]

Answer:

syntific mamagement loss it relevance its relevs today it will might today it will not lost revalance

6 0
3 years ago
In February 2018, Brilliant Industries purchased the Topaz Mine at a cost of $10,000,000. The mine is estimated to contain 500,0
morpeh [17]

Answer:

B. Depletion will be $950,000 during  2018

Explanation:

Cost           $10,000,000

Residual Value ($500,000)

Cost to be depleted $9,500,000

No. of Carats to be extracted over the life of mine 500,000

Per carat depletion (9,500,000/500,000)     $19

Depletion for the year 2018     $19*50,000=$950,000

This will be deducted from revenue as depletion for the year.So option B is correct.

8 0
3 years ago
Using the logic of the two-sided search model, compare the impact on the economy of government spending on education and apprent
Inga [223]

Answer:

Recent changes in American public assistance programs have emphasized the role of work. Employer subsidies such as the Work Opportunity Tax Credit (WOTC) and the Welfare-to-Work Tax Credit (WtW) are designed to encourage employment by reimbursing employers for a portion of wages paid to certain welfare and food stamp recipients, among other groups. a simple dynamic search model of employment subsidies was developed and then test the model’s implications for the

employment outcomes of WOTC- and WtW-subsidized workers. The model predicts that subsidized workers will have higher rates of employment and higher wages than equally productive unsubsidized workers, and it highlights some possible effects of the subsidy on job tenure. predictions was tested using a unique administrative data set from the state of Wisconsin. These data provide information on demographic characteristics, employment histories, and WOTC and WtW participation for all welfare and food stamp recipients in the state for the years 1998 -2001. from those of eligibility.

The employment, wage, and job tenure effects of the WOTC and WtW using propensity score was estimated.

The estimation the effects of the Work Opportunity Tax Credit (WOTC) and the Welfare to Work Tax Credit (WtW) on employment outcomes of disadvantaged workers. These credits offer

subsidies to firms that hire individuals who may otherwise have difficulty finding jobs, such as certain welfare recipients, disadvantaged youth, and disabled individuals. Past work on previous employer-based credits found weak or even nonexistent employment effects, which resulted in the elimination of these

subsidies. The WOTC has been reauthorized four times since its implementation in 1996, and the WtW three times since its implementation in 1998, yet no study has carefully examined their effectiveness.

An analytical model of the WOTC and WtW were developed that allows workers from the same population to be paid different wages based on their value to the particular firms in which they are

employed. I also incorporate a binding minimum wage, which results in some long-term unemployment.

Finally, wages and employment status to change over time as employers learn about workers’ productivity in their firm. This dynamic element is essential to the model, since predictions about wage trajectories and job tenure cannot be made based on a static model. For example, concerns that

disadvantaged workers will end up in short-term, low-paying jobs cannot be addressed analytically without a model that allows changes in employment status over time. This gradual learning treats job matches as “experience goods” whose value cannot be determined ex ante.

Flinn (2003) introduces a minimum wage and investigates its effects on labor market outcomes and welfare in a search framework. Flinn incorporates the possibility of wage bargaining, and analyzes the effects of the minimum wage under different levels of worker bargaining power. Adding bargaining power to the model allows him to relax Jovanovic’s assumption that workers are always paid their (expected) marginal products; this is an important consideration if firms in certain markets are able to extract some rents from workers and pay wages closer to the reservation wage.

However, Flinn’s mode assumes that there is no uncertainty about productivity, even at the time of hire. In the context of the low wage labor market, in which employers might perceive some risks of hiring inexperienced workers, this assumption is restrictive. I therefore develop a model that maintains the bargaining and minimum wage

aspects of Flinn’s model but incorporates a simple form of uncertainty based on Jovanovic (1979), allowing job matches to be characterized as experience goods. This hybrid model is extended to include wage subsidies for a particular subset of workers.

7 0
3 years ago
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proces
Kazeer [188]

Answer:

(a)

For Job G15:

Direct labor = $20,000

Overhead applied = 16,000

Overhead rate = \frac{16,000}{20,000}\times 100

                         = 0.8 × 100

                         = 80%

Overhead applied = Direct labor × 80%

                         = $20,000 × 80%

                         = $16,000

Overhead is applied on direct labor. Hence, rate is 80%.

Overhead for Job B10 = Direct labor × 80%

                                     = $54,000  × 80%

                                     = $43,200

Therefore,

Total overhead applied = $43,200 + 45,750 + 16,000

                                        = $104,950

(b) Hence,

Overapplied overhead for February:

= Total overhead applied - Actual Overhead

= $104,950 - $68,500

= $36,450

4 0
3 years ago
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