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ivolga24 [154]
3 years ago
7

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

Business
1 answer:
kari74 [83]3 years ago
6 0

Answer:

First quarter: <em>amount </em>$0 <em>date: </em>-

Second quarter: <em>amount </em>$606.60 <em>date:</em> July 31

Third quarter: <em>amount </em>$0 <em>date: </em>-

Fourth quarter: <em>amount </em>$537 <em>date:</em> January 31

Explanation:

As per IRS, in part 5 of Form 940, Peterson Company will report FUTA tax liability by Quarter only if Total FUTA Tax after Adjustments is more than $500. So, Peterson Company is not required to pay FUTA tax until FUTA tax liability is more than $500 and if in any particular quarter the FUTA tax liability is less than $500 then the cumulative amount will be taken with the next quarter until the FUTA tax liability reaches more than $500. So first quarter will add up with quarter 2 and the FUTA tax liability will be $606.60 & third quarter will add up with fourth quarter and the FUTA tax liability will be $537.  

As far as due dates are concerned, the due date of the first quarter is the month after the end of first quarter. So, for the quarter from January to March the Due Date will be April 30, from April to June the Due Date will be July 31, from July to September the Due Date will be October 31, from October to December the Due Date will be January 31.

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Option (b), The salesperson is one of the most crucial in-store elements. The exchange theory, which emphasizes that each participant provides to the other and anticipates receiving something in return, can be used to explain this influence.

<h3>What does exchange theory actually mean?</h3>

According to the social exchange hypothesis, two people's relationships grow as a result of a process of cost-benefit analysis. In other words, it's a statistic designed to measure the amount of effort a person expends during a face-to-face conversation.

<h3>What are the basic tenets of the exchange theory?</h3>

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6 0
9 months ago
On June 15, Harper purchased equipment for $100,000 from Imperial Corp. and signed for the goods as President of the company. He
Ivenika [448]

<u>Full question:</u>

On June 15, Harper purchased equipment for $100,000 from Imperial Corp. for use in its manufacturing process. Harper paid for the equipment with funds borrowed from Eastern Bank. Harper gave Eastern a security agreement and financing statement covering Harper’s existing and after-acquired equipment. On June 21, Harper was petitioned involuntarily into bankruptcy under Chapter 7 of the Federal Bankruptcy Code. A bankruptcy trustee was appointed. On June 23, Eastern filed the financing statement. Which of the parties will have a superior security interest in the equipment?

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<u>Answer:</u>

Eastern parties will have a superior security interest in the equipment because it perfected its security interest within the permissible time limits.

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Eastern has a higher security interest because Eastern amended its security interest inside the allowable time deadlines. A perfected security interest in any security interest in an asset that cannot be demanded by any other party.  

Below the Uniform Commercial Code (U.C.C.), to perfect a security interest, a lender has 10 days from the date of the sale of material to perfect the security interest by filing a financing statement.  Possessing registered in the 10-day limit, Eastern has a strong perfected security interest in the material and after-acquired things even though the bankruptcy was recorded two days ahead.

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3 years ago
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He might experience obstacle if he choose not to understand the area and its demand by the people around the selected area.

Secondly is lack of capital to start up the business.

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