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tigry1 [53]
2 years ago
6

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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Below are the account balances for Cowboy Law Firm at the end of December.
drek231 [11]

Answer:

<u>Cowboy Law Firm</u>

<u>Income statement for the year ended December.</u>

                                            $

Service revenue              8,900

Less Expenses :

Salaries expense           (2,000)

Utilities expense              (1,100)

Net Income / (Loss)         5,800

Explanation:

Income statements shows Revenues earned and Expenses incurred at the end of the trading period.

6 0
3 years ago
Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
Llana [10]

Answer:

maximum profit = $7500

so correct option is c  $7500

Explanation:

given data

mean = 500

standard deviation = 300

cost = $10

price = $25

Inventory  salvaged = $5

to find out

What is its maximum profit

solution

we get here maximum profit that is express as

maximum profit = mean × ( price - cost )   ..................................1

put here value in equation 1 we get maximum profit

maximum profit = mean × ( price - cost )

maximum profit = 500 × ( $25 - $10 )

maximum profit = 500 × $15

maximum profit = $7500

so correct option is c  $7500

4 0
3 years ago
On December 31, the trial balance shows wages expense of $1,050. An additional $350 of wages was earned by the employees, but ha
AnnZ [28]

Answer:

Please find the question and its complete solution in the attached file.

Explanation:

8 0
2 years ago
ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conf
xxTIMURxx [149]

Answer:

$230,000

Explanation:

Calculation for what the company's absorption-costing income would be:

First step is to calculate the Fixed manufacturing per unit

Fixed manufacturing per unit = $240,000 ÷ 40,000

Fixed manufacturing per unit= $6

Second step is to calculate the per units cost using this formula

Per Unit cost = Sales − Variable costs − Fixed OH

Let plug in the formula

Per Unit cost = $42 − $19 − $7 − $6 = $10 × 37,000

Per Unit cost = $370,000

Now let calculate the what the company's absorption-costing income would be

Absorption-costing=$370,000 − $140,000

Absorption-costing= $230,000

Therefore the company's absorption-costing income would be:$230,000

4 0
2 years ago
Strategic groups typically follow different business strategies. In the pharmaceutical example in this case, the high-risk, high
Bumek [7]

The pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

<h3>What is Related Diversification?</h3>

Related diversification can be described as a scenario whereby a firm ventures into a new industry in which there are similarities in the business lines of the new and old industry.

In most cases, related diversification, is a strategy where the existing products and services have much similarity with the new ones that are being developed.

Therefore, the pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

Learn more about related diversification on:

brainly.com/question/417234

4 0
2 years ago
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