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Oliga [24]
3 years ago
5

Why are companies required to perform payroll withholding?

Business
2 answers:
kodGreya [7K]3 years ago
4 0
Companies required to perform payroll withholding for them to be able to make sure that their employees pay correct taxes. This is also to avoid later issues that may occur against them if BIR will know that they have employees who were not paying taxes.
Burka [1]3 years ago
3 0

Answer:

Hagrid is correct

Companies required to perform payroll withholding for them to be able to make sure that their employees pay correct taxes. This is also to avoid later issues that may occur against them if BIR will know that they have employees who were not paying taxes.

Explanation:

have a nice day

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Rocco earns​ $19.00 per hour for straight time​ (40 hours), and the company pays him​ time-and-a-half for overtime. he worked 49
hram777 [196]
The solution to get the gross pay for the week of Rocco;First we will calculate the straight time pay which is (40 x $19.00) = $760,  second is the overtime pay which is (3 x $19.00 x 1.5) = 85.5, we will just add the straight time pay and overtime pay to get the gross pay and it is $845.5
4 0
3 years ago
The relationship between increasing prices and decreasing money value is called
Lana71 [14]

Answer:

Inflation occurs when prices rise across the economy, decreasing the purchasing power of your money.

Explanation:

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6 0
1 year ago
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The standard costs and actual costs for direct materials for the manufacture of 3,000 actual units of product are as follows: St
svetoff [14.1K]

Answer:

$2,250 favorable

Explanation:

The direct material price variance is computed as;

= ( Standard price - Actual price ) × Actual quantity

Given that;

Standard price = $8.75

Actual price = $8

Actual quantity = 3,000 units

Direct material price variance

= ( $8.75 - $8 ) × 3,000

= ( $0.75 ) × 3,000

= $2,250 favorable

6 0
2 years ago
What is the difference between inflation and deflation.
tino4ka555 [31]

Answer:

D. Inflation can result from rising demand and reduces the value of money. Deflation can result from falling demand and boost the value of money.

Explanation:

Inflation is the general increase in prices in the economy over time. As the economy grows, prices automatically rise. There is a direct correlation between economic development and inflation. A high growth rate may result in a high inflation rate. High growth is caused by an increase in demand for goods and services.

Inflation erodes the purchasing power of money. As prices increase, it means one unit of money will purchase fewer quantities of goods and services than the previous season.

Deflation is the opposite of inflation. It means a general decline in prices in the country. Low production due to reduced demand causes prices to decline. One unit of money will purchase more quantities of goods and services as prices decline.

7 0
2 years ago
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Macroeconomics is: the study of individual choice and how that choice is influenced by economic forces. the study of aggregate e
alisha [4.7K]

Answer:

The study of how human beings COORDINATE their WANTS and DESIRES, given the decision making mechanisms, social customs, and political realities of the society

4 0
3 years ago
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