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hichkok12 [17]
3 years ago
9

James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membershi

p in their building. The value of the membership is $60/month . The gym is used exclusively by the employees and their families. How much, if any, must James include in his yearly gross income related to this fringe benefit?
$0.

$60.

$600.

$720.
Business
1 answer:
Ostrovityanka [42]3 years ago
7 0

Answer:

$0

Explanation:

James should not include any amount related to this fringe benefit in his yearly gross income. Since the employer provides the benefit in their own premises, and the gym is of exclusive use of employees and their families, employees are exempt of including their gym fees in their yearly gross income. If this was a public gym, then the full amount of the yearly membership would have to be included.

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Nike outsources the manufacturing of its athletic shoes and apparel to manufacturers throughout the world. it needs an effective
weqwewe [10]
Production Nd shipping is my best guess! Since it made a point that they ship all over the world



Hope I helped :) - beanz
8 0
3 years ago
Why might someone who is just starting out prefer a regular savings account to a CD?
iragen [17]
Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account
6 0
3 years ago
Jimmy's supervisor noticed that he was falling short on the number of setups he was required to complete for the production depa
-BARSIC- [3]

Answer:

C. Take corrective action.

Explanation:

According to the information given to us in the question, we can say that Jimmy's supervisor is taking corrective action when he gives Jimmy suggestions to improve his efficiency. We can determine this because Jimmy has been lacking in productivity and by giving him pointers on how to improve his productivity Jimmy's manager is taking action towards solving a problem.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
How would utility costs be properly classified? Select one: A. Curvilinear B. Fixed C. Variable D. Stepped E. Mixed
ANTONII [103]

Answer: Mixed

Explanation:

Here is the complete question:

Max Machining incurs the following utilities costs at different levels of production:

0 units: $120

500 units: $2,620

1,000 units: $5,120

How would utility costs be properly classified?

A) Curvilinear

B) Variable

C) Mixed

D) Fixed

E) Stepped

The utility cost here will be classified as a mixed cost. A mixed cost is a type of cost that has both fixed and variable cost. At 0 units, $120 was already spent. This shows that this cost is a fixed cost as it doesn't have anything to do with output. It'll still be paid regardless of the number of outputs while the other cost incurred are variable cost which is dependent on the number of outputs of goods.

Based on the explanation above, the answer is mixed cost.

3 0
3 years ago
Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part
ser-zykov [4K]

Answer:

Annual deposit= 13,346.55

Explanation:

Giving the following information:

Exactly one year after the day he turns 75.0 when he fully retires, he will begin to make annual withdrawals of $129,100.00 from his retirement account until he turns 94.00. After this final withdrawal, he wants $1.85 million remaining in his account.

He will make contributions to his retirement account from his 26th birthday to his 65th birthday.

Assume an 8.00% interest rate.

First, we need to calculate the amount of money needed at 65.

39 years*129,100 + 1,850,000= $6,884,900

We need to calculate the value at 65:

PV= 6,884,900/(1.08^10)= $3,189,040.85

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (3,189,040.85*0.08)/[(1.08^39)-1]= $13,346.55

8 0
3 years ago
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