O Question 22 of 33 To have less money withheld from your paycheck, an employee can claim more allowances than they actually have. True False > This qu

Q: Please answer with reason for all why the option is correct and why the other options are incorrect…

A: Expense recognition principle is one of accounting principle being used in business. This says all…

Q: What is the maximum contribution that an employer can make to an employee’s SIMPLE account?

A: A SIMPLE IRA (Savings Incentive Match Plan for Workers) plan enables employees as well as employers…

Q: What is a description of loss of self-employment income statment? Give example

A: When the expense exceed the revenue then it result in loss. Self employment means the person is not…

Q: Question 37: Net pay is larger than gross pay. Answer:   A. True   B. False

A: Gross pay means the total pay that you are entitle to received without any mandatory deduction. Net…

Q: used in the computation of child care expenses are exactly the same basis for the earned income used…

A: Any benefit or obligation that is conditional on the presence of the RRSP or RRIF, with the…

Q: Please explain the meaning of differential income.

A: Concept of differential is generally used when there are two or more alternatives to choose upon.…

Q: e is said to be a normal good if indifference e indifference curves associated with chang on-labor…

A: Leisure refers to the time when an employee is not working can spend the desired time in their own…

Q: Taxable income is ????????????????? why not gross income less deductions????

A: Taxable Income is income on which tax is payable by the taxpayer. It can be calculated as follow…

Q: evaluating economic progress in reducing poverty, which is the better measure – growth in income or…

A: The deduction in mortality is associated with the people living longer and have healthier life…

Q: In what way is compensation similar to payment? Explain each by giving examples or cases that you…

A: Compensation :  It a payment given in exchange of services.  It is a form of a payment. It can only…

Q: calculate samsam salary after deductions

A: Salary after deduction can be calculated by subtracting the total deductions claimed during the…

Q: How incrising minimun wages affect compensation ?

A: Raising the minimum wage would make it more expensive to hire low-paid workers as it would be…

Q: If you were starting a business and could control costs, what factors would you look at?

A: If you are making entry into business than it is necessary to control cost and maintain control on…

Q: Which one is fixed cost اخترأحد الخیارات a. Both A & B O b. Rent,salaries, Insurance O c. Only B…

A: The fixed costs are the costs which remain fixed for the period of time.

Q: Part D of this question asks what the gross profit would be for each plan. I am having trouble…

A: Gross profit is the income earned from an activity after deducting all the direct expenses from…

Q: ccounting" What are you looking for in terms of compensation and benefits?

A: Accounting is the process of measuring, processing, and communicating financial information about an…

Q: Which of the following is the process of deciding on the schemes of financial incentives in addition…

A: Financial incentives are given to the employees and workers of the entity to motivate them so that…

Q: Q.How can annuity help in having a good benefit proposal for workers

A: Benefit proposal is the proposal which is offered by a firm to the employees or potential employees…

Q: PAS 24 requires disclosure of compensation of key management personnel. Which would not be…

A: IAS 24:-It is the accounting standard that discloses the management personnel compensation in total…

Q: How is total compensation calculated? O a. salary + bonus - fringe benefits Ob. salary OC. salary+…

A: Compensation: Compensation of workers is defined as the entire amount of payment, whether in cash or…

Q: If you paid miscellaneous expenses does it decrease cash asset?

A: Miscellaneous expenses are those expenses which are usually group of small amounts from small…

Q: What is the difference between gross pay and net pay?

A: Gross pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by the…

Q: How does earnings management affect earnings quality?

A: Earnings of a company is referred as net income or bottom line item of a company. It is a very…

Q: When a person is not spending on current consumption or taxes, and gives up some current consumption…

A: Savings typically refers to the money that is saved or set aside by individuals, businesses, or…

Q: Describe differences between gross profit, EBIT, and net profit. Also, what is the possibility of…

A: Gross profit, EBIT and Net profit are all important financial line items that can be found in a…

Q: What is the difference between cash expenses and non cash expenses?

A: Rent expense, salary expenses, insurance expense, depreciation expense, amortization expense, and…

Q: What is "constructive receipt doctrine? Discuss What is "economic benefit doctrine? Discuss

A: Constructive receipt doctrine: According to constructive receipt doctrine policy, the taxpayer…

Q: Do you know how much tmes-Interest you have earned?

A: Pretax and before interest income may be used to pay the interest at a ratio of times the present…

Q: EBIT is equivalent to profits after taxes. true or false?

A: EBIT is the earnings before interest and tax.

Q: Increased unemployment can reduce consumer demand for goods and services, leading to ?

A: Deflation is the state of economy in which overall price level decreases.

Q: How does the money get paid out to the recipients?

A: Payments refer to those mechanisms which facilitate the settlement and clearing of monetary and…