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Bogdan [553]
3 years ago
7

Salvatore and Annette are sales managers for Acme USA. Both work full-time in the Acme offices under the same manager, and share

the same type of job responsibilities. Salvatore was hired as an employee, and is paid a salary. Required federal and state tax withholdings are made by Acme for Salvatore. Annette was hired as an independent contractor, and is paid by the project. No federal and state withholdings are taken for Annette, and she does not receive retirement or health insurance benefits. Which of the following is the likely true?
a. Acme properly classified Annette as an independent contractor.
b. Acme willfully misclassified Annette as an independent contractor and is liable under Fair Labor Standards Act of 1938.
c. Acme has no rights to withhold federal and state taxes for Salvatore if he is classifed as a full-time employee.
d. Acme has to provide more health and retirement benefits to Annette than Salvatore because Annette is an independent contractor.
Business
2 answers:
harina [27]3 years ago
6 0

Answer:

<em>A</em>

Explanation:

Acme classified Annette as an independent contractor and as such, isn't entitled to certain benefits as compared to Salvatore that was hired as an employee. A contracting staff's timing and work benefits are always limited in comparison to that of an actual employee.

Hatshy [7]3 years ago
6 0

Answer: B. Acme willfully misclassified Annette as an Independent Contractor and is liable under the Fair Labor Standards Act of 1938.

Explanation:

A full-time employee is bound by the rules and regulations guiding the organization he works for and is placed on a salary with accompanying benefits. Whereas, an independent contractor is a self-employed worker hired by the company to handle some projects or tasks for them. He has the freedom to work at his own pace.

If Annette is now a full-time worker, he is entitled to benefits as well as tax withholdings by the company. Since the company now makes Annette work full-time, it simply means that he was willfully misclassified as an independent contractor and therefore, the company is liable under the Fair Labor Standards Act of 1938.

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georgia has an investment portfolio of five stocks. two of the stocks are energy companies, and three are computer manufacturers
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Georgia has an investment portfolio of five stocks. Types of risk is georgia's portfolio subject is <u>unsystematic risk</u><u>, because there are only five stocks </u><u>across two sectors</u><u>.</u>

Option D is correct.

<h3>What's an effective portfolio?</h3>

An effective portfolio is either a portfolio that offers the loftiest anticipated return for a given position of threat, or one with the smallest position of threat for a given anticipated return. The line that connects all these effective portfolios is the effective frontier.

<h3>What's unsystematic threat?</h3>

Unsystematic threat is also known as specific threat, meaning the troubles that are unique to a single company or assiduity. still, these pitfalls don't only do one establishment at a time. For illustration, a poor director might pose a specific threat to a single company's stock price.

Learn more about unsystematic risk:

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6 0
1 year ago
When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. True or false?.
ValentinkaMS [17]

True,When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk

<h3>What is bond?</h3>

A bond is a sort of financial security in which the issuer owes the bearer a debt and is obligated to repay the principle of the bond as well as interest over a specified period of time, depending on the terms. Interest is normally paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute the corporation a particular sum of money for a set length of time. In exchange, the investor receives interest payments on a regular basis.

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5 0
2 years ago
A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together i
oee [108]

Answer:

11.11%

Explanation:

The computation of the return on assets is given below:

But before that following calculations need to be done

Total assets = Total debt ÷ Total debt ratio

= $657,000 ÷ 0.31

= $2,119,354.839

Total equity = Total Assets - Total Debt

= $2,119,354.839 - $657,000

= $1,462,354.839

Net profit = Total equity × Return on equity

= $1,462,354.839 × 0.161

= $235,439.129

And, finally

ROA = Net profit ÷ Total Assets

= $235,439.129 ÷ $2,119,354.839

= 11.11%

7 0
2 years ago
What is the name of the experimental task in which an infant interacts with an adult who first engages in normal social interact
Komok [63]

The still-face interaction paradigm

<span>An experimental task was introduced in 1978 to prove that infants actively contribute to social interaction. It is called the Still-Face Paradigm or SFP.</span>

<span>In the experiment,  3 phases of face-to-face interaction of infants with an adult were tested:  the normal interaction, the still-face (where the adult becomes unresponsive and maintains a neutral facial expression), and a reunion where the adult resumes normal interaction.</span>

<span>Indeed, the still-face paradigm showed effects like increased gaze aversion and less smiling. </span>

4 0
3 years ago
________ are transacted between international businesses and their banks, between banks, and between governments when it is desi
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Answer: Swaps

Explanation:

A foreign exchange swap is a written agreement between two parties with different currencies to exchange such currencies at a specific period of time. In a swap deal, one party to the agreement gives out currency to the other party while also collecting collecting currency from such party. The written agreement usually contains such details like the interest on the amount of exchange, as well as the loan value of one currency against the other.

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3 years ago
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