Answer:
Value
<h3>What are the value definition and examples?</h3>
- Value is the worth of goods, services, or money of an object or person.
- An example of value is the amount given by an appraiser after appraising a house.
- An example of value is how much a consultant's input is worth to a committee.
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Answer:
$2,100
Explanation:
Particulars Fair market value Basis Differences
Inventory $60,000 $30,000 $30,000
Account receivables $40,000 $40,000 $0
Equipment $60,000 $80,000 <u> ($20,000)</u>
Taxable gain $10,000
Tax rate <u> 21% </u>
Built in gains tax <u>$2,100 </u>
So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.
Answer:
Amount of Social Security tax = $30.69
Explanation:
given data
earned = $495.00
pay = $6,492.39
to find out
How much should be withheld from Adam's gross pay for Social Security tax
solution
we assume here no pre tax is deductions
and social security tax rate is 6.2%
so Amount of Social Security tax will be
Amount of Social Security tax = earned × social security tax
Amount of Social Security tax = $495 × 6.2%
Amount of Social Security tax = $495 × 0.062
Amount of Social Security tax = $30.69
Answer:
mechanic's lien
Explanation:
From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.
Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.
