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3 years ago

PLEASE HELP!!!!

Business

2 answers:

-BARSIC- [3]3 years ago

6 0

Answer:

legal contract

Explanation:

should be it or currency

Naily [24]3 years ago

4 0

The answer should be B

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The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.

ycow [4]

Okay very school thank s

6 0

3 years ago

which of the following events would produce a deductible loss in 2022? a.erosion of personal use land due to rain or wind. b.ter

Ivahew [28]

The damages to personal residence from hurricane in a federal disaster area would produce a deductible loss in 2022.

<h3>What losses are deductible under business?</h3>

The deductible loss must have occurred within the tax year and not have been covered by insurance. If the taxpayer suffers a loss due to a casualty or theft of their personal, household, or living property, the loss must be the consequence of an identifiable, harmful, swift, unexpected, and unusual event.

The loss must be ancillary to the operation of the assessor's business and must result directly from, grow out of, or be related in some way to that activity. No restriction on its deductibility should be stated in the Income Tax Act's requirements.

To learn more about deductible loss, visit:

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3 0

1 year ago

Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp

evablogger [386]

Answer: The social security tax will be withheld through September.

Explanation:

Social Security maximum base amount = $128,400

social security tax rate = 6.2% = 0.062

Medicare tax = 1.45% = 0.0145

Medicare Tax = no maximum

Base salary = $180,000

Social security tax amount = 0.062 × $128,400 = $7,960.80

Medicare Tax = 0.0145 × $180,000 = $2,610

Social security tax to be withheld = $7,960.80

Social security maximum base amount = $128,400

Monthly salary = $15,000

$128,400 ÷ $15,000 = 8.56

($15,000 × 8) + ($15000×0.56) = $120,000 + $8400

Therefore, the social security tax will be withheld through the ninth month which is between January to September

8 0

4 years ago

Assume that the reserve requirement is 20 percent. First National Bank has vault cash and deposits with the Fed of $80 million,

drek231 [11]

Answer:

The answer is (c) First National Bank is not in a position to extend additional loans.

Explanation:

Please find the below for detailed explanation and calculations:

The First National Bank current reserve ratio is calculated as : Vault cash and deposits of the Bank with the Fed/ Total demand deposits of the Bank = $80 million / $400 million = 20%.

As the First National Bank' reserve ratio is now equal to the Fed's Reserve Requirement, First National Bank can not further extend its loan portfolio's balance, otherwise, its reserve ratio will fall below Fed's requirement which is not acceptable.

So, the answer is (c).

3 0

3 years ago

What regulates employee exposure to potentially toxic substances and informs employees about the possible hazards of materials u

Scrat [10]

Answer:

Occupational Safety & Health Administration (OSHA)

Explanation:

8 0

3 years ago