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3 years ago

Why is it important to gather a caller's contact information? This question is required.

Business

1 answer:

Pavel [41]3 years ago

3 0

Answer:

This step will make the consumer feel more connected with the business.

Explanation:

Answer cam from reachlocal blog

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If the Federal Reserve increases the reserve requirement, what effect will this have on the nation’s money supply? a. Increase t

dem82 [27]

The correct answer is c)

3 0

3 years ago

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned

laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

Thus, Kyle's total FICA taxes for 2021 is $17,181.

Learn more about calculating FICA taxes at brainly.com/question/21750517

4 0

3 years ago

Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Bos

aalyn [17]

Answer:

2016: $300 million; 40%; $60 million

2017: $450 million; 60%; $90 million

Explanation:

Total costs:

= Costs incurred in 2016 + Costs incurred in 2017

= $240 + $360

= $600

In 2016:

Percent of total excepted costs:

= Costs incurred in 2016 ÷ Total costs

= $240 ÷ $600

= 0.4 or 40%

Revenue recognized:

= Percent of total excepted cost × Contract price

= 0.4 × $750 million

= $300 million

Income = Revenue recognized - Costs incurred in 2016

= $300 million - $240 million

= $60 million

In 2017:

Percent of total excepted costs:

= Costs incurred in 2017 ÷ Total costs

= $360 ÷ $600

= 0.6 or 60%

Revenue recognized:

= Percent of total excepted cost × Contract price

= 0.6 × $750 million

= $450 million

Income = Revenue recognized - Costs incurred in 2017

= $450 million - $360 million

= $90 million

8 0

4 years ago

Neal and Ned spend $25,000 on travel, surveys, and financial forecasts toinvestigate the possibility of opening a bagel shop in

vlabodo [156]

Answer:

a. The $25,000 is deductible as a current expense.

b. The $25,000 is still deductible as a current expense.

Explanation:

a.They open a bagel shop in the city?

The $25,000 spent on travel, surveys, and financial forecasts will be treated as an an ordinary and necessary business expense. The reason is that it is spent to carry out an investigation necessary for expanding their already existing business. Therefore, the $25,000 is deductible as a current expense.

b. They decide not to open a bagel shop in the city?

It does not matter whether they open the bagel shop in the city or not. The $25,000 spent on investigation will still be treated as an an ordinary and necessary business expense, since it is spent to expand existing active business. The $25,000 is still deductible as a current expense.

7 0

3 years ago

Which of the following statements about the commercial umbrella liability policies is false?

mr Goodwill [35]

Answer:

The Correct Option is C

Explanation:

Even if the insured fails to keep the underlying coverage in force, the umbrella policy is designed to still cover all claims that surpasses the underlying policies limit as though the were kept in force.

6 0

3 years ago