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Natasha_Volkova [10]
3 years ago
6

Which of the following statements about the W-2 form is TRUE? A. The W-2 includes information about the interest you earned from

your investments B. You need a separate W-2 form from EACH of your employers in order to file your taxes C. The total wages you earned from ALL jobs you worked in the previous year appear on ONE W-2 form D. A W-2 lists all the money you earned in cash over the last year
Business
1 answer:
Greeley [361]3 years ago
6 0

Answer:

B. You need a separate W-2 form from EACH of your employers in order to file your taxes.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-2 Form to all their employees, so as to enable these employees fill out the total amount of wages, how much income tax is to be withheld from their respective paycheck in relation to their filing status and how much was paid as tax the previous year. Therefore, a W-2 form is used by an employer to report the wages paid to each employee, calculate how much tax should be withheld from his or her employee's paycheck and submitted to the internal revenue service (IRS).

Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.

Hence, the true statement regarding a W-2 form is that, as an employer you need a separate W-2 form from each of your employers in order to file your taxes.

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Lyle’s manager just handed him a list of goals for the year. Because Lyle had no say in setting these goals, he isn’t sure that
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Answer: Goal acceptance

Explanation:

Most times in organizations, it is the people in leadership positions who set and manage goals for the employees and it is rare for staff to be part of the goal setting process,

Such employees are sometimes not sure of what to do and how to achieve the goals. Such employees are not in charge of their own responsibilities. Employee goal acceptance is when employees are just part of the process when making decisions even though the goals are set by the management.

6 0
3 years ago
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The lifo cost flow assumption assumes that the cost of items purchased ______ are the costs that will be transferred first to co
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3 0
2 years ago
Which economic policy was most successful during the Great Depression?
labwork [276]
The economic policy that was most successful during the Great Depression is (D) increased government spending. It is a common view among economists that government spending on the war at least accelerated from the recovery of the Great Depression. Well, as always, other think that it didn't play a vital role in recovery.
6 0
3 years ago
Colgate-Palmolive Company reports the following balances in its retained earnings.
Dafna11 [192]

Answer:

a. $1,028 million

b. 46.7%

Explanation:

a. Dividends are taken from the retained earnings and net income is added to the retained earnings. The formula for ending retained earnings is;

Ending retained earnings = Opening Retained earnings + Net Income - Dividends

14,329 = 13,157 + 2,200 - Dividends

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b. Dividends as a percentage of income

= 1,028/2,200

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3 0
3 years ago
Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $4
Kisachek [45]

Answer:

It will purchase at the local store at an economic cost of $123

Explanation:

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

place          travel-time Price Cost to travel Economic Cost

local store       30  $ 102.00   $ 21.00   <u> $ 123.00 </u>

across town       60  $ 85.00   $ 42.00   $  127.00

neighboring city 120  $ 76.00   $ 84.00   $ 160.00

*travel-time we multiple the time it took each eway by 2

**The  cost to travle will be Juanitas wages per hour ($42) times the travel-time/ 60

That's because the wages are express in hours and the travel time in minutes so we convert into hours

Then, the economic cost is the sum of the value of the skirt and the lost wages.

<em>Juanita, as a rational consumer will chose to purchase at the lower cost.</em>

6 0
3 years ago
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