Question #6 A Report a Problem Revisit Choose the b Jatin who is entitled to a salary of Rs 36,000 p.m. took advance salary from his employer for the months of April and May 2019, along with salary of March 2019. The gross salary of Jatin for A.Y. 2019-20 shall be: O 432000 O 504000 O 72000 O 468000

Question #6 A Report a Problem Revisit Choose the b Jatin who is entitled to a salary of Rs 36,000 p.m. took advance salary from his employer for the months of April and May 2019, along with salary of March 2019. The gross salary of Jatin for A.Y. 2019-20 shall be: O 432000 O 504000 O 72000 O 468000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 35 Mary, a recent Western Washington University graduate, applies for and receives a five-year loan through Kent Lending, LLC for $10,000 at 29% APR. If the loan agreement violates the applicable usury statute, Mary may be able to keep: O Any of the answer choices are possible, depending on where the loan was made. the interest that exceeds the usury limit. O the interest and the $5,000. O all of the interest on the loan. Next
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Question 13 of 20 View Policies Service cost Interest on projected benefit obligation Interest on vested benefits Amortization of prior service cost due to increase in benefits Actual return on plan assets O $945000. O $850000. O $660000. O $725000. $460000 295000 125000 65000 95000 -/1 If the actual return equals the expected return on plan assets, the amount of pension expense to be reported for 2026 is
Question 1 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)? Select one: a. 0.076 b. 0.032 c. 0.031 d. 0.088 Question 2 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. b) What is her selling price (rounded to four decimal places)? Select one: a. 98740.2903 b. 98634.0935 c. 98846.7161 d. 99317.7280 Question 3 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest…
Exercise 10-3A (Algo) Determining the present value of a lump-sum future cash receipt LO 10-1 Gail Trevino expects to receive a $630,000 cash benefit when she retires seven years from today. Ms. Trevino’s employer has offered an early retirement incentive by agreeing to pay her $368,000 today if she agrees to retire immediately. Ms. Trevino desires to earn a rate of return of 10 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required a. Calculate the present value of the $630,000 future cash benefit. Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Trevino accept her employer’s offer? (Round your final answer to the nearest whole dollar value.)
Question 28 Hayleah is a Calitornia CPA practicing in California. To renew her license in active status, Hayleah must to meet the basic requirement of completing B0 hours of qualitying continuing professional education in the two-year period immediately preceding her license expiration. Her license expires on June 30, 20X7. Which of the following are specihcreguirements regarding continuing education that Hayleah may or may not be covered by depending on the type of work that she performs? Fraud continuing education requirement. Government auditing continuing education requirement. Accounting and auditing continuing education requirement O All of the above. Hayleah may take all of her 80 hour requirement in any subjects that she chooses.
SSPN-i monthly deposit for the twins at RM100 each Sabri paid premium of RM300 per month for life insurance (Takaful Keluarga) Sabri also paid medical insurance of RM300 per month to cover his wife and children Sabri contributed to SOCSO a monthly contribution of RM19.75 Sabri paid for accommodation at LEGOLAND Hotel on a short vacation in Johor in June 2020. He paid RM899 per night for a room package of 4 persons. The family stayed for two (2) nights. Total zakat paid by Sabri and Rin for the year 2020 was RM2,000 for both zakat on salaries and zakat fitrah Given the tax relief for resident individuals and marginal tax rate in the Appendix, calculate the income tax payable for the year of assessment 2020 by Sabri and Rin if they chose joint assessment Sabri and Rin live in the suburbs of Kuala Lumpur with their four (4) children. Sabri works as an Information Technology (IT) Manager in a private company and Rin works as an administrative officer with the Ministry of Tourism Kuala…