Answer:
B. You need a separate W-2 form from EACH of your employers in order to file your taxes.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-2 Form to all their employees, so as to enable these employees fill out the total amount of wages, how much income tax is to be withheld from their respective paycheck in relation to their filing status and how much was paid as tax the previous year. Therefore, a W-2 form is used by an employer to report the wages paid to each employee, calculate how much tax should be withheld from his or her employee's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Hence, the true statement regarding a W-2 form is that, as an employer you need a separate W-2 form from each of your employers in order to file your taxes.
Answer: business to consumer
Explanation:
E-commerce simply means buying of goods and services online through the internet. Since it's a digitalized world now, this is common.
In the business to consumer form of e-commerce, firms want to develop buyer loyalty and repeat business but seldom develop a close working relationship with individual buyers.
Answer:
the three types of occupation are basic level occupation . medium level occupation and high level occupation
Answer:
Her organization is permitted to monitor and the company's gadget she uses.
Explanation:
The fact that she is still an employee I that organization, the organization has the right to monitor her activities in the working environment. She has to get herself comported and follow the work I g ethics of the firm.
Answer:
The journal entry to be recorded by Jervis on June 28 is shown below:
Explanation:
The journal entry to be recorded by Jervis on June 28 is as:
On June 28
Cash A/c......................................Dr $5,539
Credit Card expense A/c........Dr $ 261
Sales A/c............................Cr $5,800
Being record the deposit of amount on Sales by Jervis
As the amount is deposited on sale which means cash is coming into the bank, and any increase in cash is debited. So, the cash account is debited. And on the amount expense is charges, the charge is also debited. Therefore, the credit card expense is debited. And the sales is made, so, the sales account is credited.
Working Note:
Credit card expense = Sales amount × Charge
= $5,800 × 4.5%
= $261
