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2 years ago

Why is a w-2 form so important

Business

1 answer:

amm18122 years ago

7 0

Answer:

The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck. As an employee, the information on your W-2 is extremely important when preparing your tax return.

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A put option with several months until expiration has a strike price of $55 when the stock price is $50. the option has _____ in

yaroslaw [1]

I had to look for the options and here is my answer:
Based on the blanks provided above, the answers would be ZERO and POSITIVE, respectively. Therefore, in a call option that has many months until it expires has a strike price of $55 when the given price of the stock is $50. Therefore, the option has ZERO intrinsic value and POSITIVE time value.

7 0

3 years ago

At December 31, 2020, the following information was available for Blossom Company: ending inventory $40,250, beginning inventory

dangina [55]

Answer:

Inventory Turnover =5.9 Times

Days in Inventory =62 days

Explanation:

Calculation for inventory turnover for Blossom Company using this formula

Inventory Turnover = Cost of Goods Sold / Average Inventory

Let plug in the formula

Inventory Turnover =$281,000 / [($54,500 + $40,250) / 2]

Inventory Turnover =$277,800 / 47,375

Inventory Turnover =5.9 Times

Therefore The inventory turnover for Blossom Company will be 5.9 Times

Calculation of days in inventory for Blossom Company using this formula

Days in Inventory = 365 / Inventory Turnover

Let plug in the formula

Days in Inventory =365 / 5.9

Days in Inventory =62 days

Therefore days in inventory for Blossom Company will be 62 days

3 0

2 years ago

In 1985, you received a

Ilya [14]

After getting a B.S in computer programming in 1985, and then missing some time in between jobs, you will need to make a new resume. Since you already have worked several jobs, and two with major companies, you will want to list those on the top of the resume. The most appropriate strategy for dealing with your resume and the irregular work history will not be very complicated. You will want to include all of the dates of employment and any recognition/awards you may have received with those jobs. Next, you will want to explain in the application letter that you were not in the workforce because of your childcare responsibilities. You may also want to include that the children are now in school, and you can focus on your career.

8 0

3 years ago

Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.

kozerog [31]

Answer:

None of the given options.

Depreciation expense for year 1 would be $37,500.

Explanation:

Cost = $400,000

Residual value = $50,000

Expected hours = 40,000

Working hours (year 1) = 6,000 hours

Now,

Depreciation per hour = $\frac{Cost-Residual Value}{Expected hours}$

Depreciation per hour = $\frac{300,000 - 50,000}{40,000}$

Depreciation per hour = $\frac{250,000}{40,000}$

Depreciation per hour = $6.25

Depreciation expense (year 1) = Depreciation per hour × Working hours (year 1)

Depreciation expense (year 1) = $6.25 × 6,000

Depreciation expense (year 1) = $37,500

4 0

3 years ago

On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January

Leno4ka [110]

Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

Discount on Bonds = Face value - Issue price

As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

Discount on bonds issuance = 700000 - 684250

Discount on bonds issuance = $15750

7 0

2 years ago