TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.
Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
Correct Answer:
Wages
Wages are the compensations or the amounts that are paid by an employee or the boss to the employer for doing some labor or work. The fourth option is Mean Salary. Mean salary is defined as the average salary of entire working population of a nation.Therefore, the answer to this question is Wages. The money received for work is wage.
<u>Answer:</u>Net Bi weekly pay is $519
<u>Explanation:</u>
Calculation of weekly pay
Given
No of hours 20
Per hour pay $15
Weekly pay = 15 x 20
=$300
Payment received is bi weekly so it is $600 for two weeks.
Calculation of bi weekly net pay
Federal income tax rate (600 x 4.87%) $29
State income tax rate (570 x 1.04%) $6
FICA and state insurance taxes (564 x 7.65%) $46
Total deductions $81
Net pay = Bi weekly salary - deductions
=600-81
=$519
Net Bi weekly pay or take home after deductions is $519
