Answer:
$103,000
Explanation:
W-2 taxable income = gross salary - employee contributions to 401-K - flexible spending account savings - health insurance paid by employee
W-2 taxable income = $120,000 - $12,000 - $2,000 - $3,000 = $103,000
Form W-2 records all the employee's taxable income including wages, salary, tips, bonuses, and other taxable compensation. It also includes all the deductibles that employees can make including 401-K contributions, health premiums and flexible spending accounts.
Answer:
money market account?
Explanation:
I'm not positive but you could try if nobody else has an answer haha
Answer:
The company paid $278,031
Explanation:
Giving the following information:
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.
<u>To calculate the past value of the land, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= present value (20 years ago)
n= 20
FV= 575,000
i= 0.037
PV= 575,000 / (1.037^20)
PV= $278,031
Occupational Safety and Health Administration (OSHA) was created to ensure healthy and safe work environments for all workers. Being that the factory did not offer adequate ventilation, the workers could be at risk for harm, and be in violation of OSHA standards.
Answer:
a.a debit to Cash Dividends for $120,000.
Explanation:
The amount of dividend paid is dependent on two function; the number of shares and the amount declared for payment per share.
When it is paid, a credit is posted to cash account and the corresponding debit is posted to the dividend paid account.
As such, since the company has 80,000 shares and the declared dividend was $1.50,
Total dividend paid = $1.50 × 80000
= $120,000.
Hence cash dividend is debited with $120,000 on payment.
