Answer:
Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.
Explanation:
Calculation of the Salary that Gander Corporation Pay Patrick during the Period:
December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:
The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.
Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,
$180,000 *1/12 = $15,000
Answer: $25
Explanation: Dividends are the returns the shareholders of the company get for investing the the company and bearing the risk and it is calculated as follows :-
Dividend = (value of share) * (rate of return)
Here we have,
Dividend = $5
rate of return = 20%
Therefore,
= $25
Answer:
Cantril Ladder
Explanation:
Cantril ladder approach was developed by Hadley Cantril. The approach is a method of assessing the well being of individuals. The cantril scale is represented by an imaginary ladder with steps numbered from 1 to 10 wherein each step denotes a happiness level.
For example, level one would relate to poor well being i.e the case of individual being least happy whereas level 10 would represent highest satisfaction in life and happiness.
As per the research conducted across the globe, the cantril scale of well being and happiness correlated really well with the income of the respondents indicating, that well being and happiness are directly related to an individual's income level.
Answer:
A. Debit to salaries and wages expense for 64,000
Credit to FICA taxes payable for 4,896
Credit to Federal Income Tax Payable for 7,500
Credit to State Income Tax Payable for 3,100
Credit to Union Dues Payable for 400
Credit to Salaries and Wages Payable for 48,104
B. Debit to payroll tax expense for 5,596
Credit to FICA tax payable for 4,896
Credit to State Unemployment for 700
Answer: Face value
Explanation:
Face value is one of the type of financial term that is use to describing the original and the nominal value of the security principle amount of the specific bond which is repaid at the time of ending of loan.
The face value is basically refers to the value which is printed on any bond or bill in the form of value and it is basically appeared in the financial related documents.
According to the given question, Face value is one of the principle amount that the customer should be repaid the given amount on the basis of the given terms and condition in the loan. Therefore, Face value is the correct answer.
