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olga2289 [7]
3 years ago
15

Employee ExemptionsIdentify each job as generally being considered exempt or not from minimum wage or overtime pay (write a or b

before each job type).a. Exemptb. Nonexempt_____ 6. Auto mechanic_____ 7. Fruit picker_____ 8. Worker on a foreign-flag cruise ship_____ 9. Librarian_____ 10. Taxi driver_____ 11. Real estate agent_____ 12. Bellperson at a hotel_____ 13. Computer programmer (paid more than $27.63 per hour)_____ 14. Hairdresser_____ 15. Bank teller
Business
1 answer:
tigry1 [53]3 years ago
4 0

Answer:

certain jobs are excluded from minimum wage or overtime requirements. E.g. generally white collar jobs are exempt. Exemptions include other types of jobs, especially temporary jobs.

__B___ 6. Auto mechanic

___A__ 7. Fruit picker ⇒ seasonal job

__A___ 8. Worker on a foreign-flag cruise ship ⇒ they are not employed by an American company

__B___ 9. Librarian

__A___ 10. Taxi driver ⇒ earn sales commissions

__A___ 11. Real estate agent ⇒ earn sales commissions

__B___ 12. Bellperson at a hotel ⇒ They are not exempt, but their minimum wage is much lower.

__A___ 13. Computer programmer (paid more than $27.63 per hour)

__A or B___  14. Hairdresser ⇒ depends if they are paid based on sales commission or not, or if they receive tips. Hairdressers that receive commissions are exempt, and those who receive tips have a lower minimum wage. Only hairdressers that are paid on an hourly rate and do not receive commissions or tips must be paid a minimum wage. This applies generally to apprentices.

__B___ 15. Bank teller

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Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. Thi
gtnhenbr [62]

Answer:

The correct answer is a. The company's current ratio increased.

Explanation:

Common shares are the main form of participation in corporate capital, a type of securities.

The terms "with the right to vote" or "ordinary share" are also frequently used to designate common stock. It is called "common" to distinguish it from preferred shares.

If there are two types of shares, common stockholders cannot receive dividends until all preferred stock dividends are paid in full.

In the event of bankruptcy, in addition, investors in common shares receive the remaining funds after all creditors (including employees) are paid, and the holders of preferred shares. Therefore, investors in common stock often receive nothing after bankruptcy. On the other hand, common stock on average has a better performance (higher profitability) than preferred stock or bonds.

8 0
3 years ago
At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumulated E & P of $100,000. Blue's curr
Scrat [10]

Answer:

Pam and Jon's dividend income = $80,000 each

[ ($100000 <em>Accumulated E&P </em>+ <em>$60000 current E&P </em>) / 2] = $80,000

Statement of distribution for shareholders for tax purpose

                                            Pam           Jon

Total distribution            $100,000    $100,000

Less: Dividend income   <u>$80,000     $80,000</u>

                                        $20,000    $20,000

Less: Stock basis            <u>$11,000       $26,000</u>

Capital gain                     <u>$9,000           $0 </u>

<u> </u>

Therefore, Pam has a taxable gain of $9000 which reduces the stock basis to $0, whereas Jon has not any taxable gain but the stock basis has reduced to $6000 [$26000 - $20000]

3 0
4 years ago
Bateman Corporation sold an office building that it used in its business for $800,750. Bateman bought the building 10 years ago
kumpel [21]

Answer:

Bateman Corporation

a. The amount of the gain = $402,250.

b. The character of the gain is long-term capital gain.

Explanation:

a) Data and Calculations:

Sale proceeds from office building = $800,750

Purchase cost of building = $599,625

Period of building before sale = 10 years

Depreciation claimed on building = $201,125

Net book value of building = $398,500 ($599,625 - $201,125)

Capital gain on sale of building = $402,250 ($800,750 - $398,500)

b) Bateman Corporation will record a capital gain of $402,250.  This is the difference between the sale proceeds from the building and the net book value of the building after deducting the depreciation expenses claimed on the building.  It is a long-term capital gain, which is taxed under the reduced rate.

6 0
3 years ago
In a game, a dominant strategy is a. the best strategy for a player to follow only if other players are cooperative. b. a strate
mestny [16]

a strategy that leads to one player's interests dominating the interests of the other players.

8 0
3 years ago
One year ago, Debra purchased 5,400 shares of KNF stock for $218,056. Today, she sold those shares for $19.49 a share. What is t
kramer

Answer:

Capital gain yield will be -51.73%

So option (d) will be the correct answer

Explanation:

We have given that Debra purchased 4500 shares of KNF stock for $218056

So price of one share =\frac{218056}{5400}=$48.380

So the beginning price = $40.380

She sold the share at price of 19.49 per share

So ending price = $19.49

We have to find the capital gain yield

We know that capital gain yield is given by

Capital gain yield =\frac{end\ price-beginning\ price}{begninning \ price}=\frac{19.49-40.380}{40.390}=-51.73 %

So option (d) will be correct option  

7 0
3 years ago
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