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Zanzabum
3 years ago
8

At the end of the year, the employee will receive a statement, called a W-2 Form, showing his total earnings and the total Feder

al income tax deducted. True False
Business
2 answers:
suter [353]3 years ago
8 0

Answer:

The answer is: True

Explanation:

Employers must file a W-2 Form to the IRS for every employee that earns more than $600 per year by January 31 of the next year. They must also provide a copy of the form filed to every employee.

The W-2 Form includes information about the employee's total earnings, social security payments, medicare payments, and federal and state taxes withheld.

Arisa [49]3 years ago
4 0
This statement is true.
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Which credit score would you tell your friends is the worst for getting a loan?
adoni [48]

Answer:

D.

Explanation:

a credit score between 300 and 579 is poor so D.

3 0
4 years ago
Roman Company leased equipment from Koenig Company on July 1, 2018, for an eight-year period expiring June 30, 2026. Equal annua
Katarina [22]

Answer:

1. $565,000 and $166,600

Explanation:

In case of recording sale instead of lease the interest should be computed on Cash selling price instead of cost of the equipment .

Interest income = ($4,965,000 - $800,000)*8%*6/12

                          = $166,600

As $800,000 is due in July 1  

Profit = $4,965,000 - $4,400,000

         = $565,000

Therefore, The amount of profit on the sale and the interest income that Koenig would record for the year ended December 31, 2018 is $166,600  and $565,000.

8 0
3 years ago
Splish Brothers Inc. issues $268,000, 10-year, 7% bonds at 97. Prepare the journal entry to record the sale of these bonds on Ma
chubhunter [2.5K]

The  journal entry to record the transaction is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable  $268,000.

<h3>Sales of bonds</h3>

Splish Brothers Inc journal entry

March 1,2022

Debit Cash $259,960

($268,000 × 97%)

Debit Discount on bonds payable $8,040

($268,000 × 3%)

Credit Bonds payable  $268,000

(To record sales of bonds)

Inconclusion the entry is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable  $268,000.

Learn more about sales of bonds here:brainly.com/question/13958571

5 0
2 years ago
The federal funds rate target is the most frequently used monetary policy tool.
Nikitich [7]
False is correct answer.

Because the federal funds rate target is not the most frequently used their monetary policy tool.

Hope it helped you.

-Charlie
5 0
4 years ago
Creswell Farms produces and sells clover honey and wants to expand its product line. A brainstorming session results in 40 diffe
Gwar [14]

Answer:

In this scenario, Creswell Farms is in the idea generation stage of the new product development process.  

Explanation:

Idea generation stage refers to the stage which involves the creation, development, and communication of the ideas. The process involves the construction of the idea and transforming the concepts into reality. The initiation of a project begins with the generation of the idea generation stage. In the above case, the suggestions are provided which would help the business of the product. Hence, this refers to the idea generation stage.

7 0
3 years ago
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