If the nursing staff choose quality assurance/improvement as a work technique then they would be anxious to ensure their work was done to a high quality in terms of such things as giving their patients their medicine on time and having a good bedside manner and as far as improvement goes they could ensure that they listened to their patients' concerns and implemented corrections to their behaviour accordingly.
<u>Complete question:</u>
Mark and Sue are married and U.S. citizens with valid Social Security numbers. The Malones received wages and a large amount of taxable income not subject to withholding. Mark did not have health insurance coverage for 2019 and Sue had health insurance coverage through her employer. The Malones have a $2,500 balance due on their joint return and want advice on how to prevent a balance due next year. They do not anticipate a change in their sources of income and amounts received next year.
One of the ways Mark and Sue can prevent having a balance due next year is to use the Tax Withholding Estimator at IRS.gov and then adjust their withholding.
(A) True
(B) False
Answer:
A) True
Explanation:
The Mark must follow the guidelines of Internal Revenue services which are published at least once a year and provides every single details of the tax implications. After careful reading of the tax implication then they should calculate their taxes by simply using the IRS Tax Withholding Estimator.
The Internal Revenue Services says that the use of Tax Withholding Estimator helps best in estimation of with holding taxes and in tax planning.
Most of the tax planners and advicers are the corporate tax experts which help the employee in tax planning or those who provide tax services to entrepreneurs and soletraders which earn fees from their tax advices. IRS estimator also helps the tax payers to pay taxes in instalments. The tax planner can also plan its payments by simply altering its entry in the data entering blocks and see what are the implications of the plan choosed.
Can you imagine yourself doing this for the rest of your life? Is this what I’m truly passionate about? Will I be able to life off this income?
Answer: See explanation
Explanation:
Savings is the income that's not spent by an economic agent. Savings relates to banking.
Investment is when capital goods are bought in order to produce further goods.
Based on the definition above, then the following are classified below:
a. Edison purchases a certificate of deposit at his bank = Savings
b. Maria purchases stock in NanoSpeck, a biotech firm. = Savings
This is savings as it wasn't a capital good that was bought.
c. Hilary purchases new ovens for her cupcake-baking business. = Investment
This is an investment as she purchases a capital good what will be used for her business.
d. Kevin takes out a loan and uses it to build a new cabin in Montana = Investment
This is an investment as the money isn't saved but rather invested for productive use.
Answer:
Right of Use Asset - Computer $117,761 (debit)
Lease Liability$117,761 (credit)
Explanation:
The Lease period is more than 12 months, thus this type of lease is called <em>finance lease</em>.
Lorraine, Inc must recognise the <em>Right of Use of the Computer</em> and the <em>Lease Liability </em>at the inception of the lease.
The lease liability is measured at the <em>Present Value of lease payments</em> of $117,761. Right of Use Asset is measured at the <em>Fair Value of Lease Liability</em> of $117,761.
