Rony as the managing director of a fabric manufacturing company enjoys an employee benefit called <u>perquisites</u><u> (D)</u>.
Let's discuss each employee benefit option we have:
Novated lease is an employee benefit that allows an employer pays for its employee car lease and car runnit costs out of its employee's salary package. An employee will choose a car he wants and a novated lease arrangement is set up between the employee, employeer, and car agent. The employer then will pay directly to the car agent from the employee's salary. The employee may save tax and running costs using this kind of leasing.
Fiscal Incidence is the combined overall economic impact of both government taxation and expenditure on the real economic income of individuals. Fiscal incidence happens when the econonmic incidence of taxation is combined with the economic incidence of government expenditure. Fiscal incidence is the overall increase or decrease in welfare that individual enjoys from the state's taxing and spending policies.
Swaps is a derivative contract which stated that the two parties will exchange the cash flows or liabilities from two different financial instruments. Swaps usually are based on a notional principal amount. The most common kind of swap is an interest rate swap.
Perquisites or fringe benefits are benefits an employee received over and above his standard salary. Some of these components are taxed separately and someother are tax-exempted. Perquisites may be classified into 3 different types:
- Taxable perquisites
- Tax-exempted perquisites
- Perquisites taxable only by employee
By offering perquisites to its employee, a company may increase its employee productivity, loyalty and retention. Prequisites could also be used as an attraction for top talent.
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Complete Question:
Rony is the managing director of a fabric manufacturing company. In order to limit the profit of the company and therefore, the txes on the business the management pays a hefty amount to Rony as year-end bonuses. The company also pays for his family cavations and foreign trips. The benefits enjoyed by Rony are called ____
a. Novated leases
b. Fiscal incidences
c. Swaps
d. Perquisites
Answer:
$270,000
Explanation:
Calculation of total manufacturing cost assigned to Job 436
Direct Materials
Dept A $50,000
Dept B $10,000
Direct Labor
Dept A ($80,000 x 1/2) $40,000
Dept B $60,000
Manufacturing Overheads
Dept A $80,000
Dept B ($60,000 x 50%) $30,000
Total $270,000
Therefore,
The total manufacturing cost assigned to Job 436 was $270,000.
Answer:
This is FALSE.
Explanation:
There were several leftist leaders in Latin American countries and most of them had mixed results in both economic and social development. Last week one of the oldest leftist leaders was ousted from power in Bolivia. During his government Bolivia had the highest economic growth rate in all Latin America and the highest increase in quality of life. It is still a mystery why things ended up so bad. Another countries that had relatively good leftist governments were Brazil, Chile and Uruguay. In Brazil things also ended up very badly, with the former president put in jail.
But virtually every other leftist president was really bad at running a government, we have the terrible examples of Venezuela, Nicaragua, Ecuador, Paraguay, Argentina, Peru, Panama, and probably a few more.
Liability associated with the transfer of the note from Haji to Iona is
<u> "warranty".</u>
A warranty is a kind of certification that a producer or comparable gathering makes with respect to the state of its item. It additionally alludes to the terms and circumstances in which fixes or trades will be made if the item does not work as initially depicted or expected.
Warranties as a rule have special cases that limit the conditions in which a producer will be committed to redress an issue.
Answer:
The aggregate expenditure is $27 million.
Explanation:
The consumption spending is $16 million.
Planned investment spending is $4 million.
Unplanned investment spending is $2 million.
The government purchases are $6 million.
The net export spending is $1 million.
The aggregate expenditure is
= Consumption spending + Planned Investment + Government spending + Net export
= $(16 + 4 + 6 + 1) million
= $27 million
