Answer:
Incorrect Statement about the Statement of Cash Flows:
c. The cash dividends of $201,000 paid will be reported as a cash outflow in the cash flow from investing activities section.
Explanation:
Cash dividends of $201,000 will be reported as a cash outflow in the financing activities section and not the investing activities section.
Statement of Cash Flows is broadly divided into three, the operating, investing, and financing activities sections. The operating activities section show the cash flows from the normal business of the enterprise. The investing activities section shows the acquisition and disposal of investments made by the company in cash. While, the financing section shows the inflow and outflow of cash resulting from the funding of the business by stockholders and noncurrent creditors.
Answer:
![\left[\begin{array}{CCCccc}&accumulated&OASDI&HI&SUTA&FUTA\\KEN&6000&360&90&324&36\\ANN&146500&7020&1755&378&42\\LORI&119500&7020&1755&378&42\\TIM&60200&3612&903&378&42\\KATHLEEN&106900&6414&1603.5&378&42\\KITTY&36900&2214&553.5&378&42\\STEVE&89000&5340&1335&378&42\\MICHELLE&117000&7020&1755&378&42\\JHON&4000&240&60&216&24\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7BCCCccc%7D%26accumulated%26OASDI%26HI%26SUTA%26FUTA%5C%5CKEN%266000%26360%2690%26324%2636%5C%5CANN%26146500%267020%261755%26378%2642%5C%5CLORI%26119500%267020%261755%26378%2642%5C%5CTIM%2660200%263612%26903%26378%2642%5C%5CKATHLEEN%26106900%266414%261603.5%26378%2642%5C%5CKITTY%2636900%262214%26553.5%26378%2642%5C%5CSTEVE%2689000%265340%261335%26378%2642%5C%5CMICHELLE%26117000%267020%261755%26378%2642%5C%5CJHON%264000%26240%2660%26216%2624%5C%5C%5Cend%7Barray%7D%5Cright%5D)
HI OASDI SUTA FUTA TOTAL
Employer 9810 39240 3186 354 52590
Employee 9810 39240 49050
TOTAL 19620 78480 3186 354 101640
Explanation:
We will compare the accumulated wages with the celling of each tax and apply the tax-rate oto the lower amount.
Then FUTA and SUTA will only be paid by the employeer.
Also, the employeer contributes the same amount for Hi and OASDI as the employees
<span>part of a contractionary fiscal policy</span>
The answer is...
A consumer uses goods and services to satisfy economic wants.
