Answer:
The amount of amortization expense recognized for the year 2017 would be =$174000.
Explanation:
Amortization expense for year 2017 = ($1044000 / 4 years) * 8 months/12 months
Amortization expense for year 2017 = ($261000*8 months/12 months)
Amortization expense for year 2017= $174000
Answer:
B. S-corporation
Explanation:
An S corporation is a small business corporation whose shareholders elect to register and operate as a corporation, but be taxed as a sole proprietorship or a partnership. An S corporation is allowed to pass corporate deductions, income, and losses through to the shareholders in tax calculation.
The income of an S corporation will be regarded as the income of shareholders. As such, once the S corporation pays corporate income tax, shareholders will not be expected to pay further income tax from their gains in the business. An s corporation, therefore, protects the shareholders from double taxation.
Answer:
C. W-4
Explanation:
The W-4 form acts as the Employee’s Withholding Allowance Certificate. The employee completes the form and hands it over to the employer, who uses it to calculate how much income tax to withhold.
The details on the W-4 forms are necessary for tax computation. For instance, the employee declares their marital status and the number of dependents; this determines the applicable tax rates.
As part of the process, the HR department's first step should be to identify that the sales representatives need technical training. It was said in the statement above that most of the new workers have a poor performance although they have a vast experience in sales. Most probably, it would be because they are unfamiliar with the products of the said company and they would lack the technical knowledge needed to do their job well. As an HR staff, you should be able to see that these employees would need some kind of training and education about the products of the company.
