Which of the following does NOT belong on the asset side of a balance sheet?
a) Accounts receivable
b) Expense
c) Cash
d) Inventory
The item that does NOT belong on the asset side of a balance sheet is Expense. The following explanation will provide more insights.
The balance sheet is one of the financial statements of a company that represents its financial condition at a particular point in time. The asset side of the balance sheet is the left side, and it shows what the company owns, whereas the liability and equity side is the right side, and it shows what the company owes to others.Accounts receivable, cash, and inventory are all asset accounts, whereas expense is not. Instead, it is a cost that a company incurs in operating its business. It is not an asset that the company owns or holds. Therefore, the item that does NOT belong on the asset side of a balance sheet is Expense.
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how did craft unions and industrial unions differ?
Answer:
How did craft unions & industrial unions differ? A craft union is made up of skilled workers who work in a specific trade. ... In industrial union there are all different workers regardless of their trade or skill. This could be found in a steel factory.
If the firms do not cooperate after the tax and act simultaneously, what will their new profits be?
If the firms do not cooperate after the tax and act simultaneously, their new profits will be affected by their individual actions.
1. If the firms choose not to cooperate and act simultaneously, each firm will make its decision based on its own interests and strategies.
2. The new profits of the firms will depend on various factors, including market conditions, demand for their products or services, and the actions they take.
3. For example, if both firms decide to lower their prices simultaneously to attract more customers, this could lead to a price war and potentially lower profits for both firms.
4. On the other hand, if one firm decides to lower its prices while the other firm maintains its prices, the firm that lowers its prices may gain a competitive advantage and potentially increase its profits while the other firm may see a decrease in profits.
5. Similarly, if one firm decides to increase its advertising and marketing efforts while the other firm does not, the firm that invests in marketing may see an increase in profits due to increased customer awareness and demand, while the other firm may experience a decline in profits.
In summary, if the firms do not cooperate after the tax and act simultaneously, their new profits will depend on the individual actions they take, the market dynamics, and the strategies they implement.
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Any person or entity who knows, or should have known, of the presentation of a false or fraudulent claim to the government for payment or approval is subject to.
When a person make a fraudulent claim to the government for payment it is called: the False Claims Act.
What is False Claims Act?The False Claim Act is law that found a person who intentional makes a false claim against government agency guilty.
This law states that no person should make a false claim as any person or individual who makes a fraudulent claim so as to defraud the government or present a false claim will be subjected by the court of law if found guilty.
Inconclusion fraudulent claim to the government for payment or approval is subject to: the False Claims Act.
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The three parts of an income statement heading are _____.
who
when
where
what
motivation of 50. also last year trying to get rid of them. Have a good day :D
Answer:
Who,When,What
Explanation:
Any factor that can change
The things that change in an experiment are called variables. A variable is any factor, trait, or condition that can exist in differing amounts or types. An experiment usually has three kinds of variables: independent, dependent, and controlled.
a factor which can be changed in a experiment. ... all factors which remain the same for each repeated trial for all levels of the independent variableBanks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.
Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.
Explanation: Those are two primary functions.
The banks function in three ways as transfer money from savers hold deposits, and make money by giving loans.
What is a banking system?A banking system is one that is a group or a network of institutions that provides financial services to people. The banking system includes the provision of loans, deposits, and helping investments.
The bank transfers the money from the savers to borrowers by holding the deposits and lending the excessive transfer of reserves.
Find out more information about the banking system.
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What are the advantages of crème makeup over pancake makeup?
Answer:
Explanation:
Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge. Great for All Skin Types. Because Cream foundation works well on all skin types it will answer the question whether it is right for you. .. So both are great for skin depending on what brand or kind
Answer:
Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge or beauty blender.
values and beliefs are directional strategies that provide the focus and parameters for: group of answer choices external analysis. defining internal strengths and weaknesses. product and service quality. straegic goals.
Values and beliefs provide the focus and parameters for external analysis, defining internal strengths and weaknesses, product and service quality, and strategic goals.
Values and beliefs play a crucial role in guiding an organization's actions and decisions. They act as directional strategies that shape various aspects of the organization. Here's how they provide the focus and parameters for each of the given answer choices:
1. External analysis: Values and beliefs help an organization assess the external environment by considering factors such as customer preferences, market trends, and competitors' actions. This analysis helps the organization identify opportunities and threats.
2. Defining internal strengths and weaknesses: Values and beliefs shape the organization's internal culture and help define its strengths and weaknesses. They influence how employees work together, communicate, and align their efforts towards common goals.
3. Product and service quality: Values and beliefs guide the organization's commitment to delivering high-quality products and services. They define the standards, ethics, and principles that the organization adheres to in order to meet customer expectations.
4. Strategic goals: Values and beliefs provide the foundation for setting strategic goals. They shape the organization's long-term vision, mission, and objectives, ensuring that they align with the core values and beliefs of the organization.
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Imagine a friend, who has a degree in business information management and certifications in IT, is looking for a job in a large multinational company or a consultancy firm. Research online and inform your friend about any three of the available career options and their related job descriptions.
Answer: Any 3 off of this list would work. My definitions were as close as I could make them.
Information Resource Manager
Development and organization of an organization's resources. Such as financial resources, inventory, skills, production resources, or information technology.
Business Analyst
Analyzes an organization or business domain and documents it's business, processes, or systems. Assessments are made on the business model, or it's integration with technology.
Support Specialist
Technical Support Specialists provide technical support to organizations by managing, maintaining, and troubleshooting their IT systems.
Technology Consultant
A technology consultant advises clients on how to best use IT practices to achieve their business objectives. A Technology consultant would also manage and implement strategies.
Systems Analyst
Uses analysis and design techniques to solve business problems using IT. They may serve as change agents who identify the organizational improvements needed, design systems to implement those changes, and train others to use the systems.
Answer:
I researched online and found the following career options in business information management. Here are the job descriptions for each of the three careers.
Information manager: An information manager is required to analyze and implement information solutions for companies. The job description includes the following tasks:
Provide information on the latest trends in information management.
Develop and maintain online portals on information management.
Analyze information and implement solutions based on the analysis.
Provide training to those who use the implemented information.
Attend review meetings on information management and contribute ideas/opinion.
Update one’s own knowledge on information management by attending seminars and work groups.
IT consultant: IT consultants advise managers on how to develop new IT-enabled solutions. The job description includes these tasks:
Assess the performance of existing business systems.
Draw up strategic plans and implement new business processes.
Train employees on implemented IT solutions/business processes.
Propose solutions for organizations that want to improve their software systems.
Install data networks and provide support for troubleshooting.
Management trainee: Management trainees usually follow a two-year “on the job” training and continue their career in a management position. Their job description includes these tasks:
Perform tasks in response to instructions from seniors.
Get trained on the allotted work and department.
Track own performance progress and set performance goals.
Get acquainted with operations, management system, and company policies.
Explanation:
PLATO
I don’t understand this and need help
by wr
workbook:
1.1 Assets minus Owner's Equity
A. Current liabilities
B. Capital
C. Liabilities
D. Current assets
Answer:
C. Liabilities
Explanation:
Financial accounting can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.
Owner's equity is simply what a person owns outrightly and it is also referred to as net worth. It can be defined as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person. Simply stated, owner's equity refers to the difference between the amount a person own (asset) and the amount owed (liability).
Mathematically, net worth is given by the formula;
\( Owner's \; equity = Total \; assets - Total \; liabilities\)
Making liabilities the subject of formula, we have;
\( Total \; liabilities = Total \; assets - Owner's \; equity \)
In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.
Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.
Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.
Hence, Assets minus Owner's Equity is equal to Liabilities.
The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
Question # 1 Long Text (essay) Submit two news story summaries, noting the following: agency name(s), parties affected by the decision, status on period for comment, status on decision-making, and what decisions you would make in similar situations.
The answer is The public may not make technical decisions, but their opinions deserve consideration by those who are making those decisions.
What does making decisions mean?The process of choosing a course of action involves recognizing a decision, acquiring data, and weighing potential answers.
What three ways can one make a decision?Based on the level at which they occur, decision-making may also be divided into three types. The direction of an organization is decided upon strategically. Decisions regarding how something will be accomplished are considered tactical. Lastly, operational decisions are choices that staff members make every day to manage the company.
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International loans extended at favorable repayment terms have temporarily raised the living standard in some developing countries but O a. have never become a source of discretionary funding that benefits unintended beneficiaries. O b. have never insulated public officials from their own incompetence. O c. have not necessarily increased their ability to become self-supporting at that higher standard of living. O d. have also dislodged corrupt governments from power. O e. have also helped most countries achieve industrial status.
International loans extended at favorable repayment terms have indeed temporarily raised the living standard in some developing countries but C. have not necessarily increased their ability to become self-supporting at that higher standard of living.
While the funds from these loans might alleviate immediate financial pressures, they may not be used efficiently to develop industries, create jobs, or build a solid foundation for long-term growth. Additionally, these loans can create dependency on external aid, which may hinder the countries' progress toward self-sufficiency.
It is important to note that these loans have not always been free from issues like corruption or misuse of funds (option A). In some cases, funds may be diverted to unintended beneficiaries or used to prop up corrupt governments (contradicting option D), rather than being invested in projects that would benefit the broader population.
Moreover, international loans have not insulated public officials from their incompetence (option B). Inefficient management of resources or lack of expertise in utilizing these loans for productive purposes may exacerbate existing economic problems rather than resolve them.
Lastly, it is not accurate to claim that most countries receiving international loans have achieved industrial status (option E). While some countries have made significant strides in industrialization, others still struggle to achieve sustainable economic growth and development. Therefore, the correct option is C.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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Microsoft Word is ________________ software.
A: Application
B: Compiler
C: System
D: Programming
Answer:
application I guess becz it's one of the apps that we can download we can't delete system apps
Managing the international environment (Connect, Perform) Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? O Franchising Licensing O Exporting Importing Disney invested approximately $4 billion to construct a Disney theme park and resort near Shanghai, China.
In the given situation international business is an example of the (B) licensing business.
What is licensing business?A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.
Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.
The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.
A company operating without the necessary business permits may be fined or shut down by government organizations.
Therefore, in the given situation international business is an example of the (B) licensing business.
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Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?
A. Franchising
B. Licensing
C. Exporting
D. Importing
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answer:
B
Explanation:
Controlling is another organizational goal
is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations?
Answer: Maybe you can try getting a job at starbucks, mcdonalds, five below, etc. It depends how old are you.
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?
A. $2,085
B. $2,000
C. $1,950
D. $1,545
Answer:
C
Explanation:
Answer:
1,950
Explanation:
5) A small entrepreneur produces and sells hand-made decorative masks based on their orders which are given on the table. Currently, there are 2 masks on hand because of returned orders. At the beginning of each week, the staff must determine the weekly production amount. During a week in which any units are produced, a setup cost of $10 incurred. In addition, there is a variable cost of $30 in first and second weeks, and $35 in third and fourth weeks for each mask. At the end of each week, a holding cost of $2 per unit on hand is incurred. Capacity limitations allow a maximum of 25 units to be produced during each week and a maximum of 5 units as stock. They would like to determine a production schedule that will meet all demands with minimum total cost. Solve the given inventory problem by using dynamic programming.
The small entrepreneur is facing an inventory problem with hand-made decorative masks. The objective is to determine a production schedule that meets all demands while minimizing total cost.
To solve the inventory problem using dynamic programming, the entrepreneur can follow these steps:
Define the state variables: The state variables can include the week number, the number of masks on hand, and the production amount for the current week.
Formulate the recursive equation: The entrepreneur needs to determine the optimal production amount for each week based on the previous week's production amount and the current demand.
Construct a dynamic programming table: Create a table to store the optimal production amounts and corresponding costs for each week and number of masks on hand.
Populate the table: Start populating the table by calculating the costs for each possible production amount and number of masks on hand for each week, based on the recursive equation.
Find the optimal production schedule: Once the table is populated, trace back the optimal path from the final week to the first week to determine the production amounts for each week that minimize the total cost.
Analyze the results: Evaluate the total cost and production schedule obtained from the dynamic programming approach to ensure all demands are met while minimizing costs.
By applying dynamic programming to the given inventory problem, the entrepreneur can determine the optimal production schedule that meets all demands with the minimum total cost.
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Blossom Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $28,865 at the beginning of each year. The first payment is received on January 1, 2020. Blossom had purchased the machine during 2016 for $100,000. Collectibility of lease payments by Blossom is probable. Blossom set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Blossom at the termination of the lease. Click here to view factor tables. Â Your answer is correct. Compute the amount of the lease receivable. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places e. G. 5,275. ) Amount of the lease receivable $ 190000 Prepare all necessary journal entries for Blossom for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e. G. 5,275. ) Date Account Titles and Explanation Debit Credit 1/1/20 Right-of-Use Asset Lease Receivable Cash (To record the lease) Lease Liability Cash (To record the first lease payment) 12/31/20 Suppose the collectibility of the lease payments was not probable for Blossom. Prepare the necessary journal entry for the company in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. ) Date Account Titles and Explanation Debit Credit 1/1/ 200 C e Textbook and Media List of Accounts X Your answer is incorrect. Suppose at the end of the lease term, Blossom receives the asset and determines that it actually has a fair value of $900 instead of the anticipated residual value of $0. Record the entry to recognize the receipt of the asset for Blossom at the end of the lease term. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e. G. 5,275. ) Date Account Titles and Explanation Debit Credit 1/1/20
Blossom Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $28,865 at the beginning of each year.
The first payment is received on January 1, 2020. Blossom had purchased the machine during 2016 for $100,000. Collectibility of lease payments by Blossom is probable. Blossom set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Blossom at the termination of the lease.Compute the amount of the lease receivable.
The calculation of the lease receivable is shown below:Calculation of lease receivable:Using the present value of annuity due formula:PVAD = PMT x [(1 - (1 / (1 + i)n)) / i]PVAD = $28,865 x [(1 - (1 / (1 + 0.06)8)) / 0.06]PVAD = $163,574.30Value of machine at the beginning of lease term: $100,000Amount of lease receivable: $163,574.30 + $100,000 = $263,574.30.
Prepare all necessary journal entries for Blossom for 2020.The journal entries for 2020 are shown below:DateAccount Titles and ExplanationDebitCredit1/1/20Right-of-Use AssetLease ReceivableCash (To record the lease) $100,000$163,574.30$263,574.301/1/20Lease LiabilityCash (To record the first lease payment) $28,865$28,86512/31/20Depreciation Expense ([$100,000 - $0] / 8)Right-of-Use AssetLease Interest ExpenseLease Liability $12,500$28,217.44($16,717.44)($28,217.44)Suppose the collectibility of the lease payments was not probable for Blossom.
Prepare the necessary journal entry for the company in 2020.The journal entry for the situation is shown below:DateAccount Titles and ExplanationDebitCredit1/1/20Loss on Lease ReceivableLease Receivable $38,949.43$38,949.43Suppose at the end of the lease term, Blossom receives the asset and determines that it actually has a fair value of $900 instead of the anticipated residual value of $0. Record the entry to recognize the receipt of the asset for Blossom at the end of the lease term.
The journal entry to recognize the receipt of the asset for Blossom at the end of the lease term is shown below:DateAccount Titles and ExplanationDebitCredit12/31/28Lease ReceivableLease LiabilityRight-of-Use AssetGain on Lease Termination Cash (To record asset receipt and termination of the lease) $263,574.30($240,000)($100,000)$3,574.30
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clairmont company recently changed from a manual manufacturing process to an automated manufacturing process. based on this, they should also implement incentives for ethical behavior. implement activity-based costing. pursue corporate social responsibility. evaluate the company for a balanced scorecard.
A balanced scorecard (BSC) is a visual tool used to compare an activity's effectiveness to a company's strategic aims. In order to make sure that the company's activities are in line with its overall strategy and vision, balanced scorecards are frequently employed during strategic planning.
Activity-based costing:
Overhead and indirect costs are divided across related goods and services according to the Activity-based costing (ABC) method. This accounting approach of costing acknowledges the link between costs, overhead activities, and produced items, allocating indirect costs to products less arbitrarily than conventional costing systems do. However, it can be difficult to link some indirect costs, like the management and office staff salaries, to a particular product.
Employees should be rewarded for making moral decisions by receiving money bonuses, professional advancement, or awards for good stewardship while boosting profitability. Making a profit sharing scheme is arguably the best incentive for employees to behave ethically.
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Mr. Porter’s gross pay is $90,000 per year. He files taxes as head of a household, and his income tax percentage is 20%, so that is withheld from his paycheck. When he files his taxes, he owes $16,800 after deductions. Which of the following is true?
There is no list of options to choose from, but based on the information provided, one possible conclusion is:
Mr. Porter's total income tax is $23,400, which is 26% of his gross pay ($90,000). This means that $6,600 ($23,400 - $16,800) was not withheld from his paychecks and he owed that amount when he filed his taxes.
Answer: $1,200
Explanation: $90,000*.20=$18,000
$18,000-$16,800=$1200
Cintas serves Fidelity Investment offices throughout the United States with first aid cabinets that are stocked with bandages, ointments, burn care, and single-dose tablets for pain relief. Fidelity can manage its orders through a personalized company website. The office manager at one Fidelity location logs in to the website and places their usual order. This is an example of a _______.
a. revised buy.
b. modified rebuy
c. new buy.
d. straight rebuy.
This above scenario is an example of a modified rebuy.
What is a modified buying decision?The modified rebuy is known to be a term that connote a business buying scenario in which the buyer is known to wants to change product specifications, prices, terms, or suppliers.
It is known as a buying situation where people or organization buys goods that have been purchased before but alters either the supplier or other element.
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a broker/dealer wishing to transact on nasdaq on behalf of an investor will use the nasdaq ecn to find the dealer providing the and ____ , and will then contact that dealer to execute the order.
A broker/dealer will use the NASDAQ ECN (Electronic Communications Network) to locate the dealer offering the best pricing before getting in touch with them to complete the transaction on behalf of the investor.
Which broker acts as an agent for his customer when buying and selling securities?A stockbroker is a licenced financial market representative who facilitates the buying and selling of securities on behalf of businesses, investors, and financial institutions. A registered representative or broker are other names for a stockbroker.
What is the name of the broker that executes a client's purchase or sell order?Those brokers who carry out a purchase or sell order on a behalf of a client, usually at a hedge fund. Executing brokers are usually middlemen who are housed under a prime brokerage service, which offers a one-stop-shop service for large active traders.
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a revenue ruling is an example of: group of answer choices a.editorial authority b.Judicial authority c.Administrative authority d.Legislative authority
A revenue ruling is an example of administrative authority. (C)
It is issued by the Internal Revenue Service (IRS) and provides guidance on how to interpret and apply tax laws and regulations. It is not a law or regulation itself, but rather an interpretation of them.
Revenue rulings have the force of law and are binding on the IRS, taxpayers, and tax courts. They are issued in response to specific taxpayer requests or to address issues of general interest.
Administrative authority is one of the four main sources of tax law, along with legislative, judicial, and regulatory authority.
Administrative authorities like the IRS have the power to interpret and enforce tax laws and regulations, and their rulings and decisions can have significant impact on taxpayers. Understanding the different sources of tax law and how they interact is important for anyone navigating the complex world of taxation.(C)
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Given that the federal and state biweekly deductions for a single person making $1,300 with zero withholding allowances working in new york are $174 and $54.70 respectively, determine the net biweekly income. a. $1053.08 c. $1071.30 b. $1067.11 d. $1079.13
The net biweekly income would be:
Gross income: $1,300
Federal deductions: $174
State deductions: $54.70
Net biweekly income: $1,300 - $174 - $54.70 = $1071.30
So the net biweekly income is c. $1071.30.
The net income is the amount of money you take home after all deductions and taxes have been taken out of your paycheck. In this case, the gross income is $1,300, which is the total amount earned before any deductions or taxes are taken out.
The federal and state biweekly deductions are specific amounts that are withheld from your paycheck to go towards taxes and other deductions required by the government. In this case, the federal biweekly deductions are $174 and the state biweekly deductions are $54.70.
To find the net income, we subtract the total deductions from the gross income. In this case, that would be:
$1,300 - $174 - $54.70 = $1071.30
This means the net biweekly income is $1071.30, which is the amount of money you take home after all deductions and taxes have been taken out.
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Answer:
The answer is C:
$1071.30
Which of the following is not a question business executives will ask as part of their strategic planning?
When will our competitors succeed?
What do we do?
For whom do we do it?
What are our strengths and weaknesses?