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Artist 52 [7]
3 years ago
5

The federal unemployment tax is levied on a.employers and is deducted from employees' earnings. b.employees and employers. c.emp

loyers and is not deducted from employees' earnings. d.employees and is deducted from customer payments.
Business
1 answer:
gladu [14]3 years ago
6 0

Answer:

c. employers and is not deducted from employees' earnings.

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.

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

The federal unemployment tax act (FUTA) is reported on Form 940 of the internal revenue service (IRS). It's a federal payroll tax imposed on employers to provide unemployment compensation to employees who have lost their jobs in states.

Basically, the federal unemployment tax act (FUTA) is levied on employers alone i.e it's being paid by the employers only.

This ultimately implies that, the federal unemployment tax is levied on employers and is not deducted from employees' earnings.

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Micron owns 35% of Martok. Martok pays a total of $47,000 in cash dividends for the period. Micron's entry to record the dividen
creativ13 [48]

Answer:

1. Option (A) is correct.

2. Option (C) is correct.

Explanation:

1. Micron's entry to record the dividend transaction is as follows:

Cash A/c      Dr. $16,450

To Long - Term Investments  $16,450

(In this case, since the holding interest is more than 20%, Equity method is used)

workings:

Dividend = $47,000 × 35%

               = $16,450

2. The entry to record the receipt of dividend would be:

Cash A/c     Dr. $12,000

To Dividend Revenue A/c   $12,000

(To record the receipt of dividend)

Workings:

Dividend = 3,000 shares × $4 per share

               = $12,000

4 0
3 years ago
You are contemplating adding direct selling activities to your existing bricks-and-mortar retail business to increase sales. You
Ksivusya [100]

Answer:

It may be more expensive and time-consuming than using an intermediary

Explanation:

Direct selling makes it hard to reach new customers and also entails spending an extensive time in trying to convince prospective customers before sales is made. Sadly, in some situations, some prospects do not buy in on the intended product and thus, no sale is made and time wasted.

8 0
3 years ago
Read 2 more answers
Sonny's BBQ Company recently issued $85 par value preferred stock that pays an annual dividend of $9. Analysts estimate that the
Bond [772]

Answer:

Intrinsic value=$73.77

Explanation:

<em>The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset.</em>

<em> According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.</em>

Price = D/Kp

D- Dividend payable

Kp- cost of preferred stock

So will need to work out the cost of equity using CAPM

<em>The capital asset pricing model (CAPM)</em>: relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c  

This model is considered superior to DVM. Hence, we will use the CAPM

Using the CAPM , the expected return on a asset is given as follows:  

E(r)= Rf +β(Rm-Rf)  

E(r) =? , Rf- 2.4%, Rm- 12.1% β- 1.01

E(r) = 2.4% + 1.23×(12.1- 2.4)%  = 12.20 %

Cost of preferred stock= 12.20 %

Using the dividend valuation model

Intrinsic value = 9/0.1220=73.77

Intrinsic value=$73.77

5 0
3 years ago
A German toy company manufactures its products within U.S. borders. If the
shutvik [7]

Answer:

a

Explanation:

3 0
3 years ago
Read 2 more answers
When the 4th quarter futa tax is not at least _____, the payment may be mailed at year-end with form 940.
Arisa [49]

When the 4th quarter futa tax is not at least $500,  the payment may be mailed at year-end with form 940.

<h3>What is tax?</h3>

A tax is referred to the amount paid by an individual to the government to contribute to the development of the country through social projects. This tax is laid on different products as a form of duties or charges as well as an amount from the income itself.

FUTA stands for Federal unemployment tax act where you won't need to submit your tax again if your FUTA tax due for the following quarter is $500 or less until the total is $500 or higher.

Learn more about tax, here:

brainly.com/question/16423331

#SPJ4

3 0
1 year ago
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