disadvantage is that the land lord can raise the rent easily while you can not do anything about it.Lower insurance, When renting a home, we would most likely restricted to make any modification that we like to the home. (such as we are not allowed to change the color of the paint)
On the insurance front, renting a home has cheaper insurance since we are only paying for the protection of the personal goods that we keep on the home. We do not have to pay for property tax since the home is not belong to us.
But a benefit is that there is no mortgage.
Answer:=Jones recognizes $386.9 as interest
Explanation:
Fiscal year ending July 31st
there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st
Given amount or Principal amount = $75,700
Rate= 8%
Interest = Principal x Rate x Time
$75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360
=$386.9
Jones recognizes $386.9 as interest in the current fiscal year.
An employee's salary and contributions for the prior tax year are listed on a W-3 form, also known as the Transmittal of Wage and Tax Statements form. The Social Security Administration (SSA) receives this paperwork for proper filing.
Most employers are required by the IRS to submit Forms W-2 and W-3 at the start of each year for the prior year. A list of all the W-2 forms you are sending to the federal government is contained in Form W-3 (Transmittal of Wage and Tax Statements). Form W-3 specifies the number of W-2 forms being delivered and describes the total wages, Social Security wages, federal income tax withheld, and FICA tax withheld from employees during the year.
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Answer:
Management
Explanation:
Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.
The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.
Freelance entrepreneurs, bounty hunter, and factory worker.
