This is expected to be paid back within 8 years by monthly paid instalments of £5.718.41 which was calculated on a 5.1% interest rate. 3.1.11 Master Budget The master budget is “a summary of company’s plan which formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statement”. (Reference
ACC 565 WEEK 11 FINAL EXAM – STRAYER Download Now or Visit this link http://www.coursehomework.com/product/acc-565-week-11-final-exam-strayer/ ACC 565 WEEK 11 FINAL EXAM - STRAYER ACC 565 WEEK 11 FINAL EXAM - STRAYER Parent and Subsidiary Corporations have filed calendar-year consolidated tax returns for several years. Parent Corporation uses the cash method of accounting while Subsidiary Corporation uses the accrual method of accounting. If Parent lends Subsidiary money, Answer the interest expense is deductible when accrued. the interest expense and interest income may be reported in different consolidated return years. the interest income is reported when the interest expense is accrued by Subsidiary.
(1) Prepare the journal entry to record (accrue) the employer's payroll for May. (2) Prepare the journal entry to pay for the May payroll. The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid
When does a taxpayer receive the W-2? Who will provide this form to the taxpayer? The IRS requires your employer to send you a W-2 no later than January 31 following the close of the tax year, which is usually December 31. 10. What items on the W-2 make up Federal Insurance Contributions Act or FICA?
In February 2011, the case is settled, and Joe refunds $2,500 to the customer. When Joe prepares his 2010 tax return in April 2011, he will include only $1,500 of net revenues from that customer. Your Answer: False The claim of right doctrine requires the recipient of disputed funds to recognize the income. Joe will include the full $4,000 in his 2010 taxable income because he had full control over the funds. He will be allowed to take a deduction on his 2011 tax return for the $2,500 repaid the customer.
Accounting 551 Homework for Week 2 Exercises 13-1, 13-2,13-13. 13-1. How would each of the following items be reported on the balance sheet. A. Accrued Vacation Pay- Current Liability B.
20% (minus admin costs) will be refunded to the public in the form of a rebate or stimulus. 25% will be delivered to the Social Security trust to repay funds which were previously taken from the fund. 50% will pay down the national debt. All of the bonuses and rebates will be tax free. The next year’s budget will be guaranteed the final spend of the previous year with an increase of the inflationary rate plus 2%.
A.cash B.unsecured loans C.time deposits D.U.S. government securities Question 12 of 20 5.0 Points Identify and describe the factors, in addition to supply and demand, that determine interest rates. Question 13 of 20 5.0 Points You need $8,000 four years from now for a down payment on your future house. How much money must you deposit today if your credit union pays 5% interest compounded annually? Pick the closest answer.
c. After purchasing a personal residence, Paul probably will no longer claim the standard deduction on the income tax return. Due to mortgage interest and property tax deductions he will itemize his deductions on Schedule A. 5. For wage earners, the tax system requires employers to withhold for taxes a specified portion of an employee’s wages. Persons with income form other than wages have to make quarterly payments to the IRS for estimated taxes due for the year.
I must say as soon as I saw the commercial for all these services for 100.00 plus tax, I was impressed from the commercial. I called Comcast and inquired about the commercial I just saw in reference to the triple play. The representative was very nice and answered all my questions accurately. She explained that I would get 2 free boxe’s , high speed internet and a land line phone for the home. It sounds good to me, I can combine 3 bills into one sounded great “Sign me up” I told the representative, she then gave