Answer:
$24,250.00
Explanation:
<em>Account receivable balance represent the value of credit sales that remain unpaid as at the end of a particular accounting period.</em>
It is ascertained as follows:
<em>Receivable balance = Opening balance + Credit Sales - collected accounts receivable</em>
Receivable balance = 15,790 + 42,300 - 33, 840
= $24,250.00
Accounts Receivable balance is $24,250.00
Answer: b. These would not be withheld by the company.
c. As an independent contractor they would be responsible for their own payments
Explanation:
Here is the complete question:
Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that Social Security and Medicare taxes be withheld from future compensation. What advice should Beth offer?(You may select more than one answer).
a. The independent contractor should complete Form W-4 to authorize FICA tax withholding.
b. These would not be withheld by the company.
c. As an independent contractor they would be responsible for their own payments.
An independent contractor is someone that has his or her won personal business but still does work for other organizations or businesses. Is should be noted that independent contractors should not be considered to be part of the workers in the organization they work for.
Beth Caldwell should not take taxes out of the payments that will be paid to the person because he is responsible for his or her won payment and normally, they pay the self employment tax which is just like paying for social security and Medicare taxes.
Fraudulent is a term that best describes this submission.
Answer:
The Age discrimination Act of 1967 protects the rights of individuals forty years old and above.
Explanation:
The age discrimination Act includes a broad ban against age discrimination against workers over the age of forty and also specially prohibits; discrimination in hiring, promotion, wages and termination of employment and lay offs
<span> the rate of inflation for that year is 10%
To calculate the rate of inflation for that year, we need to use this formula:
Rate of inflation = (CPI2 - CP1) / CPI1
Rate of inflation = (275 - 250) / 250
Rate of inflation = 25 / 250
Rate of inflation = 1 / 10
Rate of inflation = 10 %</span>
