The five basic elements of accrual-based financial statements as outlined in SFAC No. 5 include assets, liabilities, equity, revenue and expenses.
Assets are resources that are owned or controlled by an entity that are expected to produce economic benefits in the future. Assets can include things like cash, accounts receivable, inventory, and property, plant, and equipment.
Liabilities are obligations of an entity arising from past transactions or events that are expected to be paid in the future. Liabilities can include things like accounts payable, long-term debt, and accrued expenses.
Equity is the residual interest in the assets of an entity after the liabilities have been deducted. Equity can include things like common stock, retained earnings, and other comprehensive income.
Revenue is an increase in equity resulting from the sale of goods or services, the rendering of services, or the use of assets.
Expenses are decreases in equity resulting from the sale of goods or services, the rendering of services, or the use of assets. Expenses can include things like cost of goods sold, salaries and wages, depreciation, and interest expense.
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the yyy -component of the electric field of an electromagnetic wave traveling in the x x x direction through vacuum obeys the equation ey
The y-element of the electrical area of an electromagnetic wave visiting in the +x-path thru vacuum obeys the equation Ey=(375N/C)cos[kx−(2.20×1014rad/s)t] E y = ( 375 N/C ) cos [ k x − ( 2.20 × 10 14 rad/s)t ] .
The required details for Electromagnetic radiation (EMR) in given paragraph
Electromagnetic radiation (EMR) is composed of waves of the electromagnetic (EM) area, which propagate thru space and carry momentum and electromagnetic radiant power. All of those waves shape a part of the electromagnetic spectrum. Classically, electromagnetic radiation is composed of electromagnetic waves, which might be synchronized oscillations of electric and magnetic fields. Depending at the frequency of oscillation, distinctive wavelengths of electromagnetic spectrum are produced. In a vacuum, electromagnetic waves journey at the velocity of light, typically denoted c.
In homogeneous, isotropic media, the oscillations of the 2 fields are perpendicular to every different and perpendicular to the path of power and wave propagation, forming a transverse wave.
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Which of the following situations would the integrating style of conflict management be inappropriate? a. when issues are complex b.when you believe you may be wrong c. when one party alone cannot solve the problem d. when an immediate decision is required
When an immediate decision is required the integrating style of conflict management would be inappropriate.
What is conflict management?Knowing how to recognise problems and handle them in a reasonable, equitable, and effective manner is the practise of conflict management. It is the process of resolving (seen) conflicts or differences resulting from, for instance, different ideas, goals, and wants. Since disputes arise frequently at work, it's critical that there be individuals on hand who are knowledgeable about disputes and how to resolve them. In today's market, this is more crucial than ever. Everyone wants to prove their worth to the organisation they work for, and occasionally this can lead to conflicts with other team members.
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Article 3, Section 49a of the Texas Constitution, also known as the pay-as-you-go limit, requires that
the dedicated funds are mandated in the constitution and cannot be altered.
there is a specific margin of error allowed in the budgeting process.
Texas maintain a balanced budget, meaning that spending from the General Revenue Fund cannot exceed projected available revenue.
since taxes are paid into the state on a yearly basis, the legislature is able to set an annual budget.
Article 3, Section 49a of the Texas Constitution, also known as the pay-as-you-go limit, requires that Texas maintain a balanced budget, meaning that spending from the general revenue fund cannot exceed projected available revenue. Option 3
What is the Texas constitution?The preservation of our free institutions and the continued existence of the Union depend on the right of local self-government, which is guaranteed to all States without restriction. Texas is a free and autonomous State that is only bound by the United States Constitution.
Texas must maintain a balanced budget, which means that expenditure from the general revenue fund cannot exceed anticipated available revenue, in accordance with Article 3, Section 49a, generally known as the pay-as-you-go restriction.
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The socially efficient quantity is found where the demand curve intersects the marginal cost curve.a. Trueb. False
Wherever the marginal cost curve and demand curve connect, it is the quantity that is socially efficient.
Where the marginal cost curve and demand curve connect is where the socially efficient quantity can be discovered. Because a monopoly produces less than what is socially efficient, it causes a deadweight loss to society. Demand curves for goods that lack close replacements slope downward.
There are no fixed expenses, hence marginal cost equals average cost, as indicated by the label MC=AC on the marginal cost curve. The intersection of the demand curve and the marginal cost curve is where the competitive price (P subscript c) and quantity (Q subscript c) are discovered. This intersection is identified by the letter x.
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Which outcome will result from Accenture teams successfully adopting agile ways of working?
The outcome that will result from Accenture teams successfully adopting agile ways of working is option D: increase in morale and employee engagement among team members
What s the Accenture teams about?Agile is a flexible, iterative approach to project management that is designed to deliver value to the customer more quickly and efficiently. It emphasizes collaboration, flexibility, and continuous learning and improvement.
Therefore, By working in shorter, more focused sprints and continuously seeking feedback from stakeholders, teams can be more responsive to changing needs and priorities, which can lead to higher levels of engagement and satisfaction among team members.
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See full question below
Which outcome will result from Accenture teams successfully adopting Agile ways of working?
O decline in product quality as a result of working in shorter sprints
O increase in time to market as products are not released until they include all features
O stricter boundaries between development and testing team responsibilities
O increase in morale and employee engagement among team members
O l don't know this yet.
the great recession hit texas particularly hard, with texas being one of the first states to enter and one of the last to exit. T/F
This statement is False. The Great Recession hit the United States hard, but Texas fared better than many other states. The state experienced a milder recession and was one of the first to start recovering.
In the period leading up to the recession, the Texas economy saw strong growth and job creation, driven by the energy sector and a booming housing market. This meant that when the recession hit, the state's economy was in a relatively healthy position.
The housing market in Texas also fared better than the national average. The market in Texas was not as overbuilt as other states, and there was not as much speculation. As a result, the housing market in Texas was less affected by the recession.
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which of the following are typical types of mutual funds? multiple select question. open exchange exchange-traded open-end closed-end closed-traded
The typical types of mutual funds are mentioned below:
What are mutual funds?
Mutual funds are investment vehicles that pool together money from multiple investors and use it to buy a diversified portfolio of stocks, bonds, or other securities. Mutual funds are managed by professional fund managers who are responsible for selecting the securities in the fund and managing the portfolio.
Open-end mutual funds: Open-end mutual funds are the most common type of mutual fund. They are continuously open to new investors and do not have a fixed number of shares. Investors can buy and sell shares in an open-end mutual fund at any time, and the fund is required to buy back shares from investors when they want to sell them.Closed-end mutual funds: Closed-end mutual funds are similar to open-end mutual funds, but they have a fixed number of shares that are not continuously offered for sale. Investors can only buy shares in a closed-end mutual fund when they are initially issued, and they can only sell their shares on the secondary market.Exchange-traded funds (ETFs): ETFs are a type of mutual fund that is traded on an exchange, like a stock. They are similar to open-end mutual funds, but they are not required to buy back shares from investors when they want to sell them. Instead, investors can buy and sell shares in an ETF on the open market, like a stock.Index funds: Index funds: are a type of mutual fund that tracks the performance of a specific market index, such as the S&P 500.Hence, the types of mutual funds are open-end, closed-end, exchange-traded and index funds.
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hich guideline should be followed to ensure that you are including the information that is necessary for your message?
When composing any message, it is important to follow the "Five C's" of communication:
1. Clarity: Ensure that your message is written clearly and concisely so that your intended audience can easily understand it.
2. Conciseness: Avoid unnecessary words and phrases. Keep your message brief and to the point.
3. Completeness: Include all relevant information that the recipient needs to understand the message.
4. Consideration: Tailor your message for the specific audience. Always consider how your message will be received by the recipient.
5. Courtesy: Use polite language and be respectful.
By following the Five C's of communication, you can ensure that your message conveys all of the necessary information while being clear, concise, and courteous.
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Firms in a monopolistically competitive market structure maximize their profit by producing an output where a.Price equals average total cost, b. Marginal cost equals average total cost c. Marginal cost equals price d. Marginal revenue equals e. marginal cost
For a monopolistically competitive firm, at the profit-maximizing quantity of output, price exceeds marginal cost. Correct option (a)
Monopolistic competition is a sort of market structure in which several businesses are present in a given sector and make comparable but distinctive goods. There is no monopoly enjoyed by any of the businesses, and each one pursues its own interests without regard to those of the others.
An illustration of a monopolistically competitive market is the restaurant sector, which is present nationally. Most places have a large number of businesses, all of which are unique, and admission is simple. Each product includes a number of comparable alternatives that are offered by other businesses, including other eateries and fast-food joints.
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Full Question: For a monopolistically competitive firm, at the profit-maximizing quantity of output,
A. price exceeds marginal cost.
B. marginal revenue exceeds marginal cost.
C. marginal cost exceeds average revenue.
D. price equals marginal revenue
General Electric Co. (GE) is expected to pay a $5.00 dividend at the end of this year. If you expect GE's dividend to grow by 3% per year forever and GE's equity cost of capital to be 11%, then the value of a share of GE stock is closest to $42.86 $27.19 $35.74 $62.50
The value of a share of GE stock is closest to $62.5.
What is the Valuation of Shares?
Share valuation is the process of knowing the value of a company's stock. Equity valuations are based on quantitative techniques, and stock values fluctuate based on market supply and demand. It is easy to know the stock price of a listed company.
Calculations:
Given:
Dividend (D1) = $5
Growth Rate (g) = 3% = 0.03
Capital Cost (Ke) = 11% = 0.11
Solution:
[tex]Value of Share = \frac{D1}{Ke-g}[/tex]
Value of Share = 5/(0.11-0.03) = $62.5.
Therefore, the value of a share of GE stock is closest to $62.5.
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refer to the above cost chart. if the market price is $6, what output level will the firm produce? a. 10 b. 12 c. 14 d. 20
Answer:
wheres the chart??
Explanation:
which of the following is necessary in order to establish that a mutual mistake involving a basic assumption about the subject matter of a contract was made? question 44 options: the mistake involved a misunderstanding regarding the applicability of the uniform commercial code (ucc) to the contract the mistake involved the existence, quality, or quantity of the items to be exchanged the mistake involved the identity of parties to the contract or whether a party misunderstood the time constraints involved in the contract the mistake involved whether a party could profit from the contract the mistake involved whether a party could profit from the contract or whether a party misunderstood the time constraints involved in the contract
a mutual mistake involving a basic assumption about the subject matter of a contract was made the contract the mistake involved the existence, quality, or quantity of the items to be exchanged.
What is a mutual mistake in contract law?When both parties to a contract are erroneous regarding the same crucial piece of information, this is known as a mutual error. They disagree with each other. Although the parties are in agreement, they are in error.The situation in which all parties to a contract are "mistaken" regarding a fundamental fact is a common error. The contract may be defective at law or, in some cases, voidable in equity if both parties had the same mistaken belief (such as that items were included in a sale of contract).To learn more about mutual error refer,
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clara barnett, a fixed income analyst, wishes to assign a value to an illiquid bond issued by celadon ceramics. the semiannual coupon bond has a coupon rate of 7.50% and exactly 3 years until maturity. barnett has identified two comparable bonds with recent transaction data: comparable bond maturity yield to maturity a 2 years 6.87% b 5 years 7.19% using matrix pricing, the value of the celadon bond per 100 of par value is closest to: group of answer choices 99.57. 101.39. 101.15.
The maturity date for the semiannual coupon bond is 3 years, and the coupon rate is 7.50%. Two analogous bonds have been found by Barnett.
How do two bonds compare?The "yield to maturity" must be calculated in order to compare various fixed-income securities. This combines the bond's purchase price and coupon rate, reflecting the investor's actual underlying interest rate of return.
Which two bond types are most prevalent?Series EE Savings Bonds and I-bonds are two of the most popular varieties of US savings bonds. According to the Financial Industry Regulatory Authority, I-bonds are a popular safe investment product since they have "essentially no credit and default risk."
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Under the customer-oriented perspective of the HRM function, line managers and strategic planners are considered to be ______.
Under the customer-oriented perspective of the HRM function, line managers and strategic planners are considered to be customers.
Job design and job analysis, recruitment, hiring, and selection, training and development, remuneration and benefits, performance management, managerial relations, and labour relations are a few of the core duties of HRM function. The goals of human resource management are to find qualified candidates, hire them, train them, and then assist them in enhancing their performance so they can realise their full potential and contribute to the organization's objectives. The HR department's primary duty is recruitment. While HR is involved in many other areas, including data administration, statutory compliance, employee engagement, and employee development, one of their main areas of focus is finding, selecting, and onboarding qualified employees for the company.
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All of the following could immediately or eventually lead to an outward shift of a nation's production possibilities curve, except:
A. immigration of skilled workers from other nations to our country.
B. an increase in the birth rate.
C. an increase in the average skill level of all occupational groups.
D. depletion/reduction of the availability of major energy resources.
Correct answer D: depletion/reduction of the availability of major strength resources.
What do you mean by depletion of electricity resources?Energy depletion is the ratio of the price of the inventory of energy sources to the ultimate reserve lifetime (capped at 25 years). It covers coal, crude oil, and herbal gas. Mineral depletion is the ratio of the cost of the stock of mineral assets to the remaining reserve lifetime (capped at 25 years).
What is the essential cause of depletion of resources?Over consumption and waste. This is the immoderate and needless use of resources. Deforestation and the Destruction of Ecosystems main to loss of biodiversity. Mining of Minerals and Oil.
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https://brainly.com/question/13824884#SPJ4Analyzing each action of a firm on a case-by-case basis to determine if it is in violation of the antitrust laws is generally called judgment by:
A) structure.
B) comparison.
C) case-by-case.
D) performance.
Analyzing of each action of a firm on a case-by-case basis to determine if it is in violation of the antitrust laws is generally called judgment by performance.
What is judgment by performance?A performance judgment tells about competitiveness of the markets evaluated by the conduct of companies in this industry. Under this, the evaluation by the assessing team focuses on how the firms behave in the market suppose the firm has insufficient production, unworthy products, less production, and a lack of competition.
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The balance on a credit card, that charges a 10.5%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-3:
$150 (initial balance)
($50 purchase)
Days 4-20: $200
Days 21-30: $50 ($150 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
Answer:
Explanation:To find the finance charge on the average daily balance for this credit card over a 1 month period, we first need to calculate the average daily balance for the month.
To do this, we need to determine the balance on each day of the month and then find the average of these balances.
For the first 3 days, the balance is 150 - 50 = 100 dollars.
For days 4-20, the balance is 200 dollars.
For days 21-30, the balance is 50 dollars.
The average daily balance for the month is therefore:
(100 + 200 + 50) / 30 = 350/30 = 11.67 dollars
Next, we need to determine the finance charge for the month. This is given by the formula:
Finance charge = (Average daily balance) * (APR / 365)
Substituting the values given in the problem, we get:
Finance charge = (11.67) * (APR / 365)
We are not given the APR in the problem, so we cannot determine the exact finance charge. However, we can use this formula to calculate the finance charge once we have the APR.
Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?
A)
-$200 million
B)
-$180 million
C)
$2 million
D)
$180 million
E)
$200 million
The money supply can only fluctuate by a maximum of $200 million in this situation.
The term "money multiplier" describes the phenomena of credit creation brought about by the fractional reserve banking system, which requires banks to retain a predetermined amount of deposits in reserves to be able to meet any prospective withdrawal demand.
In other words, it means that a bank must hold a portion of all deposits as reserves while having the option to lend out the remainder to expand the amount of money in the economy.
Money Multiplier is equal to 1 / Required Reserve Ratio,
or 100/10,
Money Multiplier = 10
The total Money Supply is equal to Money Multiplier x Total Deposits.
Money Supply: 10 times $20 = $200 million
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A business only has high-quality photos as creative assets. It's interested in testing video ads but doesn't have resources to create them. What solution should the business try?
Instant Experience
Slideshow
Single image
Stories
The business should try Slideshow to create testing video ads.
What is a slideshow?
A slide show is a presentation of a number of still images on an electronic display or projection screen, usually in a predetermined order. The adjustments may be made manually by the presenter or the viewer or automatically and at predetermined intervals. a projection of photographic slides, or images on a transparent substrate, viewed successively on a screen after being loaded into a projector. a screen-based presentation of digital images, occasionally with text, that is viewed sequentially.
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The equity method of accounting for investments in voting common stock is most appropriate when: The investor's accountant is clever enough to apply the equity method. Only these times when the investor owns 10 to 49% of the voting stock. The investor intends to hold the common Stock indefinitely. The investor can significantly influence the investee. What situation requires one company to produce a consolidated financial statement with its investee? On January 1, 2014, Piedmont Inc. spent $200,000 to acquire 40% of the voting common stock of Taylor Company as a long-term investment. The data from Taylor's financial statements for the year ended December 31, 2014, include the following: Net income $150,000 Dividends paid $75,000 What should be the long term investment account balance for Piedmont at December 31, 2014? Show your calculations. Could the company's declaration of intent of their investments as "available for sale" rather than as "trading securities" possibly be used to manipulate reported income? Why or why not? What does an "other than temporary" (aka OTT) loss mean and what is an example of such event? Why would GAAP allow certain investments to be "written up" to their fair market value when, for virtually all other assets(inventory, property, intangibles), no "Write up" in value is allowed? In which financial statement, and in which section of that financial statement does "Accumulated Other Comprehensive Income" get disclosed?
Answer:yes it did
Explanation: the former calculations would be equaled to -35 so 45 celcuse north would be yes so its not negative.
We would expect the inventory turnover ratio for a ski shop to be ______________ than the turnover for a convenience store.
Lowers
We would expect the inventory turnover ratio for a ski shop to be lower than the turnover for a convenience store.
Why is higher inventory turnover better?Almost always, businesses aim for high inventory turnover. After all, having a high inventory turnover allows them to use less capital to finance their inventory. Increasing revenue relative to fixed costs like store leases and the cost of labor, it also aids in boosting profitability.
The inventory turnover ratio gauges how quickly inventory is transferred from a company's warehouse to its sales floor. A ski shop would most likely have a lower turnover because of the products it deals with.
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T/F The first step in determining how much sleep you need is to evaluate your level of fatigue after getting 8 hours of sleep.
It is true that the first step in determining how much sleep you need is to evaluate your level of fatigue after getting 8 hours of sleep.
Although there are also tests that can be done at home, an in-lab sleep study offers the most thorough analysis of your sleep. A sleep study uses painless sensors to monitor your breathing, heartbeat, and brain activity while you sleep. It also records the oxygen levels in your blood as well as your eye and limb movements.
The most typical onset ranges from 12 to 25 years old. 10% of instances are found to be in guys despite being significantly more common in females.
Statistics on Sleep Deprivation
The recommended amount of sleep for adults is seven to nine hours per night. Adults aged 65 and up require 7-8 hours. Nearly half of all Americans claim to experience daytime sleepiness three to seven days each week. 35.2% of American adults overall.
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7. Assume the required reserve ratio is 20 percent. If the Federal Reserve buys $80
million in government securities from the public, then the money supply will
immediately:
A. Increase by $80 million, but the maximum money-lending potential of the
commercial banking system will decrease by $80 million
B. Increase by $80 million, and the maximum money-lending potential of the
commercial banking system will increase by another $320 million
C. Increase by $80 million, and the maximum money-lending potential of the
commercial banking system will increase by another $400 million
D. Increase by $80 million, and the maximum money-lending potential of the
commercial banking system will increase by another $80 million
The Federal Reserve raises the discount rate, sells bonds, and maintains a tight money policy. These actions result in a decrease in excess reserves, which in turn results in a decrease in the money supply. Interest rates go up, investment spending goes down, and aggregate demand goes down when this happens.
What happens when the Federal Reserve System purchases government securities from the open market?
The economy's money supply rises when the Federal Reserve System purchases government securities on the open market. The cost of borrowing money by a business or individual is known as the interest rate, and as the money supply grows, so does the interest rate.
By exchanging bonds for cash, the general public receives an increase in the economy's money supply if the Fed purchases bonds on the open market. In contrast, when the Fed sells bonds, it removes cash from the economy in exchange for bonds, which reduces the money supply.
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66) A bank that helps a company finance transactions is both a financial intermediary and a financial public.
True or false
A bank that assists a firm with financing transactions is both a financial intermediary and a financial public, as stated in the aforementioned paragraph.
What defines a marketing intermediary's defining traits?Marketing intermediates that connect buyers and sellers, aid in the negotiation of an exchange, but do not take title to the items - earn commissions or fees based on a percentage of the sales income.Both a financial intermediary and a financial public, a bank that assists a business with financing transactions. In a company's microenvironment, its rivals are the most significant players.Marketing middlemen aid the business in distributing, selling, and promoting its goods to end consumers. Resellers, companies that specialize in physical distribution, marketing services companies, and financial intermediaries are some of them.A bank that assists a firm with financing transactions is both a financial intermediary and a financial public, as stated in the aforementioned paragraph.To learn more about Financing transactions refer to:
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Two city councilors are debating whether to pursue a new project. Councilor Miles says it is " worth it " to society only if suppliers lower their costs to the city for input to the project.
Answer: Councilor Squeaky disagrees, and says it doesn't matter -- society is no better off with these cost concessions than it would be without the concessions.
Explanation:
If the costs of increasing efficiency are not correlated with revenue, then councilor Squeaky is right.
key jobs are uncommon and have unstable content, making them very difficult to evaluate using pay surveys. true or false
key jobs are uncommon and have unstable content, making them very difficult to evaluate using pay surveys - false.
Define pay survey?To determine a fair and competitive compensation for a company's employees, remuneration specialists and managers can use a salary survey. Data on the average or median income for a certain position, taking into account the region, industry, firm size, etc., is the survey's output.Produce median salary for each title by analyzing the pay in light of the employees' jobs (position). Write descriptions of the offices you have visited. Include all pertinent information that affects pay information, such as the number of offices (Branches), employees, and, if applicable, union representation.Employers should typically review the total wage structure every three to five years.To learn more about pay survey refer to:
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which of the following documents should a young person have in their estate plan? all of these a health-care proxy a will a durable power of attorney
A will, guardianship designations, healthcare powers of attorney, beneficiary designations, durable powers of attorney, and a personal letter of intent outlining your wishes in the event of your passing or incapacity are all part of an estate plan.
What exactly is a lasting power of attorney?
Absent a power of attorney that specifically states otherwise, the agent's authority ends should the principal suffer a mental impairment. In the event that the principal becomes incapable in the future, the power of attorney may, however, state that it will continue to be in effect.
A testamentary document. This legal document serves as the cornerstone of an effective estate plan.Being Trusted.Consistent Power of Attorney (POA)Legal Power of Attorney for Health (POA)the living willTherefore, a young person should have all the above-mentioned documents in their estate plan.
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a process focused on the identification and location of porential evidence related to a specefic legal action after it was collce
A process focused on the identification and location of potential evidence related to a specific legal action after it was collected through is called discovery.
Discovery- Something that has been found or learned about for the first time is referred to as a discovery. The act of discovering is another definition of discovery. Discoveries are when something is found or something is learned that was previously unknown or invisible.
A discovery is the first time someone recognizes something that already existing and that no one has ever found before, such as when Christopher Columbus discovered the Americas.
Before the trial even starts, the parties might learn what evidence might be used through discovery. It is intended to prevent "trial by ambush," in which one side learns of the other's testimony or evidence only during the trial, leaving no opportunity for the other side to provide rebuttal evidence.
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bacon, andrea 4 m 44 $12.00 cole, andrew 1 s 40 12.00 hicks, melvin 3 m 43 10.50 leung, cara 1 s 37 11.00 melling, melissa 2 m 40 13.00
Payroll refers to the total amount that is required to be taken into account.
What is the Payroll?A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts which each person is supposed to receive.
Payroll is the method of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.
The process for paying employees' salaries is known as payroll. The first step is to create a list of something like the employees who must be paid, and the last step is to keep track of the costs. Payroll, HR, as well as finance teams, must all work together to complete the challenging process.
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Full Question-
Mary’s Luxury Travel uses a weekly federal income tax withholding table. Refer to Figures 8-4 in the text. The payroll data for each employee for the week ended March 22, 20—, are given. Employees are paid 1½ times the regular rate for working over 40 hours a week.
Name No. of
Allowances Marital
Status Total Hours
Worked Mar. 16–22
Rate Total Earnings
Jan. 1–Mar. 15
Bacon, Andrea 4 M 44 $12.00 $5,600.00
Cole, Andrew 1 S 40 12.00 5,780.00
Hicks, Melvin 3 M 43 10.50 4,820.00
Leung, Cara 1 S 37 11.00 5,113.00
Melling, Melissa 2 M 40 13.00 4,716.00
Which of the following taxpayers are not required to make estimated payments?
Option c, An employee with appropriate withholding and no other income who works at a local department store.
Estimated tax payments must be made by whom?If an individual expects to owe $1,000 or more when their return is filed, including sole proprietors, partners, and S corporation owners, they are typically obliged to make anticipated tax payments.
What are the expected tax payments in detail?A quarterly tax payment known as "estimated tax" is made based on the filer's declared income for the quarter. Small business owners, freelancers, and independent contractors make up the majority of people who must pay quarterly taxes. Unlike regular employees, they do not have taxes immediately taken out of their paychecks.
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The correct question is:
Which of the following taxpayers are not required to make estimated payments?
a. A car mechanic who is self-employed and earns $50,000 a year.
b. A wealthy individual whose earnings are from corporate dividends.
c. An employee who works at a local department store with appropriate withholding and no other income.
d. All of the above must make estimated payments.
