I DONT KNOW DUGHHH ONE TWO THREE OH IT NOT MATH ZOWWRY
Overdraft Protection is a financial institution's decision to honor your checks even when you have exceeded your balance. A fee is charged to you for every overdraft.
Answer:
$0
Explanation:
Alfred paid in premiums = $18,300
company paid Alfred = $125,000
Alfred died after 18 months, then,
Company collected the face amount of the policy = $150,000
Sale of policy = [ company compensation - premium paid]
= $125,000 - $18,300
= $106,700
In this situation, Alfred receives the submission price from the insurance company consequential in profit.
There is no gain in the income of the insurance policy that is purchased by the Alfred for the long term.
That's why he is not required to include the amount of sale of policy i.e. $106,700.
Hence, Alfred required to include in his gross income will be zero ($0).
Answer: The current ratio measures a company’s effectiveness in using fixed assets to support sales.
Explanation:
The statement regarding a financial statement analysis that is incorrect is option E "the current ratio measures a company’s effectiveness in using fixed assets to support sales".
The current ratio is used by a company to know if there are enough resources that are available in order to meet the short term obligations of the company.
This is done through the comparison of the current assets of the company to the current liabilities of the company.
Answer:
Total payroll taxes 213
Explanation:
the employeer will have to record the taxes on the wages plus the taxes on his behalf
1,000 x 6.2 = 62
1,000 x 1.45 = 14.5
Total 76.5 for the employee
Then the employer must pay the same amount of taxes.
employer taxes 76.5
Total for OASDI and Medicare: 153
Then FUTA&SUTA 6% of 1000 60
Total payroll taxes 213
