The answer is D. Partnerships are liable to boundless obligation, which implies that each of the partners shares the risk and budgetary dangers of the business. Which can be off-putting for a few people. This can be countered by the arrangement of a restricted obligation organization, which profits by the upsides of constrained risk allowed to restricted organizations, while as yet exploiting the adaptability of the association show.
Answer:
Annual depreciation= $32,500
Explanation:
Giving the following information:
Purchase price= $70,000
Salvage value= $5,000
Useful life= 4 years
<u>To calculate the annual depreciation under the double-declining-balance method, we need to use the following formula:</u>
<u></u>
Annual depreciation= 2*[(book value)/estimated life (years)]
<u>2022:</u>
Annual depreciation= 2*[(70,000 - 5,000) / 4]
Annual depreciation= $32,500
Answer:
a) Calculate the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting.
cash basis accrual basis
total revenue $23,900 $31,600
operating expenses $12,010 $16,100
<u>prepaid insurance $2,690 </u>
net earnings $9,200 $15,500
b) the accrual basis always provides more useful information because transactions are recorded when they actually occur, not when cash flows (collections or payments) are directly associated to them. This is why the IRS only allows cash basis accounting for certain small businesses or sole proprietorships.
Both A and B (Health Insurance and Retirement Savings) are an example of a withholding you might see on your pay stub.
<h3>Further explanation
</h3>
A withholding tax is the income tax paid to the government by the payer of the income rather than by the recipient of the income. Withholding allowance is an exemption that reduces how much income tax of an employer deducts from an employee's paycheck.
A pay stub also known as a paycheck stub or pay slip is the document that itemizes how much employees are paid. It is that outlines the details of their pay of each pay period.
The pay stub include:
- Gross wages (the amount you earn before deductions)
- Tax deductions (federal, state, and local taxes, social security, medicare)
- Other deductions (health insurance, life insurance)
Both A and B (Health Insurance and Retirement Savings) are an example of the withholding you might see on your pay stub. Health insurance is the insurance against illness, accident, injury, poisoning also life threatening conditions.
<h3>Learn more</h3>
- Learn more about health insurance brainly.com/question/10257913
- Learn more about retirement savings brainly.com/question/10344819
-
Learn more
about withholding tax brainly.com/question/13401026
<h3>Answer details</h3>
Grade: 9
Subject: business
Chapter: pay stub
Keywords: pay stub, health insurance, withholding tax, retirement savings, paycheck
