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2 years ago

Explain the tax implications of compensation in the form of salary and wages from the perspectives of the employee and employer.

Business

1 answer:

PtichkaEL [24]2 years ago

3 0

Answer:

The overview including its situation becomes discussed below.

Explanation:

Representatives provide Form W-4 continue providing recruitment information to another boss. Staff may use the W-4 to track retention mostly during the period as persistence becomes handled as if it has been maintained similarly mostly during the period again for benefits of the imposed fee.
Employer's post-tax benefit of wages seems to be the benefit of employment minus the charitable donation of compensation.
Throughout the case of open marketplace collaborations, the task presumption towards anti-performance compensation charged to something like the CEO as well as the 3 although the most deeply compensated officials, except the CFO, increases limited to $1,000,000 per individual annually.

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Susan opened a savings account with $750 at 2.9 percent annual interest. If she keeps the money in the account for 2 years, what

Andrews [41]

Answer:

The answer is $793.50

Explanation:

To solve this, we will use the annual interest formula for simple interest, which is:

A = P(1 + rt)

Where:

A is the final amount including principal
P is the principal amount = $750
r is the rate per year = 2.9% or 0.029 (that is 2.9 divided by 100)
t is the number of years = 2 years

Next, we input these into the equation as follows:

A = 750(1 + 0.029 x 2)

A = 750(1 + 0.058)

A = 750(1.058)

A = 793.5

Therefore, Susan earns $793.50

7 0

2 years ago

When opening a checking account, the bank does not run an account verification if you provide a state-issued ID. true or false

sergij07 [2.7K]

THE ANSWER WOULD BE FALSE IVE TRIED TRUE AND IT WAS WRONG!

4 0

3 years ago

True or false: The role of the government in the free market is limited

MAVERICK [17]

This statement is TRUE

Hope this helps

-AaronWiseIsBae

3 0

3 years ago

Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:

vfiekz [6]

Answer:

Part a. Compute the unit product cost under absorption costing.

Variable costs per unit:

Direct materials $ 165

Direct labor $ 72

Variable manufacturing overhead $ 8

Fixed Overheads per unit:

Fixed manufacturing overhead ($535,500/10,500) $ 51

Unit product cost $296

Part b. Compute the unit product cost under variable costing.

Variable costs per unit:

Direct materials $ 165

Direct labor $ 72

Variable manufacturing overhead $ 8

Unit product cost $245

Explanation:

Part a. Compute the unit product cost under absorption costing.

Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate

Part b. Compute the unit product cost under variable costing.

Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost

8 0

3 years ago

Charleston Company has two departments (Processing and Packaging) and uses a job-order costing system. Charleston applies overhe

olga_2 [115]

Answer:

$1.236= Estimated manufacturing overhead rate

Explanation:

Giving the following information:

Processing:

Direct labor cost= $44,500

Applied overhead= $55,000

To determine the estimated overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

55,000= Estimated manufacturing overhead rate*44,500

55,000/44,500= Estimated manufacturing overhead rate

$1.236= Estimated manufacturing overhead rate

3 0

3 years ago