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3 years ago

Factors Production are common to all productive activities regardless of the economic system. true or false

1 answer:

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Factors of production are common to all productive activities, regardless of the economic system. Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. So it is True

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ABC Grocers uses a separate checking account to pay their employees. The gross pay for the period was $850. However, after deduc

choli [55]

Answer:

Debit Payroll expense $850

Credit Cash/Bank Account $790

Credit Deduction (liability) $60

Being entries to record payroll expense

Explanation:

Given;

Gross pay for the period = $850

After deductions were taken out, the net pay for the period = $790

Therefore, amount deducted = $850 - $790

= $60

The journal to record this would include;

Debit Payroll expense $850

Credit Cash/Bank Account $790

Credit Deduction (liability) $60

Being entries to record payroll expense

On remittance of the deduction to the appropriate party

Debit Deduction (liability) $60

Credit Cash/Bank Account $60

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4 years ago

uppose the Social Security payroll tax were increased today to 16.4 percent in order to solve the 75-year fiscal imbalance in th

dexar [7]

Answer:

Ideally, the amount of the social security payout depends on the average lifetime earning of the residents of the country. The government averages the earning and then finalizes on the amount to be paid by each of the resident. If the payroll tax increases, in the longer run a few workers will get affected but, in the short run the increase has its immediate effect on 92% of the workers. Out of the 92%, 78% have a phase out option whereas 48% of them are under the as-needed scenario.

But, the longer a rate increase is delayed, the higher the increase in lifetime taxes for later generations. Workers born1936–1990 would have higher increases in lifetime taxes under an immediate rate rise, workers born 1996–2005 would generally have higher increases in lifetime taxes under phased increases, and workers born 2006–2015 would have higher increases in lifetime taxes under as-needed increases. The future workers would experience the smallest tax increases under the immediate option. Lifetime taxes for workers born 2011–2015 would rise 16 percent under an immediate increase, 27 percent under phased increases, and 33 percent under as-needed increases.

Thus,The increase in the payroll taxes will increase the cost for the people at different income level, as it is calculated on the basis of the income of the individual. As the women are paid lesser than their male counterparts, it can be said that the male population will be affected more by the increase in the social security payout.

Explanation:

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4 years ago

Eldrick bought a certificate that allows him to apply for a tax deed after a certain period. what did eldrick purchase?

AnnyKZ [126]

The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
The purchaser will obtain the right of the taxation account for the specific property and the tpayment will be transferred to the purchaser in the future

7 0

3 years ago

An ipo is issued in the primary market which is smaller than the secondary market for equities. true /false

WITCHER [35]

The statement is True. An IPO is issued in the primary market which is smaller than the secondary market for equities.

In finance, fairness is the possession of belongings that could have debts or other liabilities connected to them. Equity is measured for accounting functions by subtracting liabilities from the price of the belongings.

Fairness is the amount of capital invested or owned with the aid of the owner of an agency. The fairness is evaluated through the difference between liabilities and assets recorded on the balance sheet of an organization. The worthiness of fairness is primarily based on the prevailing proportion fee or a cost regulated by the valuation experts or investors.

In end, stocks are known as equities because they represent possession in organizations. They let buyers gain from growth however additionally have danger when enterprise situations weaken.

Learn more about equities here brainly.com/question/25847981

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4 0

2 years ago

Which item is most often included along with a resume as part of a job application?

prohojiy [21]

Which item is most often included along with a resume as part of a job application? The cover letter is often included along with a resume as part of a job application. The cover letter helps you introduce yourself in a more personal way when applying for a job. The cover letter focuses more on who you are as a person related to your work ability rather than just a list of small information about what you've accomplished.

3 0

3 years ago

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Factors Production are common to all productive activities regardless of the economic system. true or false￼

Factors Production are common to all productive activities regardless of the economic system. true or false