Answer:
a.Sales tax to be recorded at the time of sales.
b.36000
c.38880
d.Sales tax payable
Explanation:
a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.
b. Sales = $36000
c.Account receivable = [36000+(36000*8%)]=36000+2880=38880
Entry: Dr Account receivable 38880
Sales 36000
Sales tax payable 2880
d. Sales tax payable, it is liability for a seller to refund to government treasury.
well... this is a statment not a question so it doesnt really make snce but yes you should research the company
Answer:
B-False
Explanation:
Because some companies do business online.
Answer:
d. doesn’t have an employer-sponsored pension or retirement plan.
Explanation:
The Pension Protection Act provides for the benefit of employees, which is through their own and employer contributions.
This is a policy to provide benefit at times when the person turns old or is not physically fit to perform any job and this, provides pension in terms of money.
Here, if Seng being a single mother is not eligible for this, means that she did not had any employer who could sponsor her for such plan.
As this pension plan had to be sponsored by the employer Seng might did not had any employer.
