Tips are considered <u>taxable income.
</u>Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit. <u>
</u>
There are several elements that need to be covered when conducting a formal marketing/ sales event except A. providing a list of plans that have the same star rating.
<h3>How can you be compliant when conducting a formal marketing/sales event?</h3>
It is important that several different plans are offered because consumers have different types of needs.
A complete plan presentation should also be provided to ensure that consumers know what they are getting into.
You do not however have to provide plans that have the same star ratings as the plan being presented on.
Options for this question include:
A. providing a list of plans that have the same star rating.
B. providing a complete plan presentation.
C. providing different plans
Find out more on formal sales events at brainly.com/question/24370156.
#SPJ1
Answer:
Hart Corp.'s note should be reported at $10,000
Maxx Inc.'s note should be reported at $7,883
Explanation:
Interest bearing notes that represent current accounts (due within one year) should be reported at face value. Hart Corp.'s note is due in nine months, so it should be reported at = $10,000
Maxx Inc.'s note must be recorded at present value because it is due in 5 years.
FV = $10,000 x 1.03⁵ = $11,592.74
now we must determine its present value using an 8% discount rate:
PV = $11,592.74 x 0.680 = $7,883
The answers are the following:
a.
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500
b.
Brandon $7,000
Ryan <span>$7,000</span>