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VashaNatasha [74]
2 years ago
14

When the Sales Tax feature is enabled in QuickBooks Online, where must you record sales tax payments?

Business
1 answer:
scoray [572]2 years ago
7 0

Answer:

Sales Tax Center

Explanation:

          QuickBooks Online is an online service for accounting software package that is developed as well as marketed by Intuit. Its products are mainly small or medium sized business and other accounting applications and cloud based version which accept management and payment of bills, business payments, payroll functions, etc.

         In QuickBooks, we use the Pay sales tax window to create the sales tax payments. Intuit offers a new and advance version of sales tax feature in QuickBooks Online. We must record the sales tax payments in the sales tax center when the sales tax feature is enable in QuickBooks Online.

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During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de
DerKrebs [107]

Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 =  46,900.

2. Maximum allowable = $55,000.

Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

3 0
3 years ago
A supermarket sells kiwis at a price of 33 cents each. Then it starts selling the same product at the price of 3 kiwis for 99 ce
Lostsunrise [7]

Answer:

C. Anchoring

Explanation:

The first price to be mentioned will have an effect on the perception of all future prices. If we start with $200, then $100 will seem cheap, but £1000 seem expensive. But if we start with $10, then $100 will seem expensive.

The anchor for a price perception may be found in the first price mentioned. It can also arrive in the mind of the purchaser, where the anchor may have been set by previous experience.

5 0
3 years ago
In the last half of the twentieth century, Britain's Conservative Party sold state-owned enterprises to individual investors in
AlladinOne [14]

Answer:

Privatization

Explanation:

Privatization is a process in which the government sells companies it owns to private investors. This allows the industry to become less regulated as it has less government control which contributes to have a free market which is a system that has little or no control by the government. According to this, the process that Britain was using to create this economy is privatization.

4 0
3 years ago
Read 2 more answers
Helen is keen on creating her own company when she graduates from college. She has researched the sector and developed contacts
steposvetlana [31]

Hello,

My question - are there any answer choices.

Your Question - Helen is keen on creating her own company when she graduates from college. She has researched the sector and developed contacts with vendors. She also has a risk-taking personality. What is an appropriate career option for Helen after she graduates from college?

Answer - Manager of a store

Why - Well since she talked to vendors, and vendors could giver her food. But since there are no answer choices its kind of harder to answer.

6 0
3 years ago
Read 2 more answers
The big issue in the Palsgraf case was:_________
liubo4ka [24]

Answer: d) whether LIRR is liable under negligence to Mrs. Palsgraf.

Explanation:

Palsgraf v. Long Island Railroad Co. was a very famous case in American tort law from 1928 which deals with the issue of being liable to an unforeseen Plaintiff.

In the case, Helen Palsgraf and her daughter were at the Long Island Railroad Co. (LIRR) station platform waiting to board a train to go to the beach when two men were being assisted to enter the train by Employees of LIRR. Whilst this was happening one of the men dropped a product that detonated. This hit her and she began to stammer. She sued the railroad and won in two courts until she got to the New York Court of Appeals where she lost the case as the Judge did not believe the Issue was right.

The Issue was whether LIRR owed her a duty of care even if they could not have known that she could be harmed from helping the men.

6 0
3 years ago
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