What are the Conditions for Accrual of Paid Future Absences?

Q: xplain the rules governing the deductibility of expenses for employees in Mauritius.

A: Employees are getting various emoluments from employer in which certain deduction are given in…

Q: Gon Incorporated reported its inventory balance on December 31, 2016 at P5,000,000. During the…

A: 1) Good purchased and sold in the same year as per periodic system are not recorded.  Hence Gross…

Q: Problem 3-11 Travel Expenses, Meals And Entertainment, Educational Expenses (LO 3.4, 3.5, 3.6) Bob…

A: Schedule C is used as a tax form and it is attached with Form 1040 electronically for the…

Q: Q2 Payroll Invoice dated 01/15/2020 Net Pay Employee Tax Withholding 401k Employee Contribution…

A: The gross salary represents the total compensation to the employee. The net pay represents the net…

Q: How do I account for an advance to an employee and the resulting deduction?

A: An advance to employee means to pay the salary or money to such employee before the due date.

Q: What is taxation? Are there any benefits to filing early? And what happens if I file after the…

A: Taxation is defined as the means through which the tax authorities and the government imposes the…

Q: What is the income under accrual basis?

A: Accrual basis is method used by the company to record its transaction in the books. In this method,…

Q: What is the rule concerning contingent fees for a covered member?

A:

Q: ayment made by the lessee to the lessor? A. None of the above B. If the advance payment representing…

A: A lessee is someone who rents property or land from a lessor. The lessee, sometimes known as the…

Q: How do defreinciate between a accured income and prepaid income

A: Introduction: Accruals: Transactions recorded in the books but not yet received or paid cash called…

Q: What are the two types of losses that can become evidentin accounting for long-term contracts? What…

A: The two types of losses that can become evident while accounting for long-term contracts are:(1) A…

Q: What is referred by unearned income? How is it adjusted in the final accounts?

A: Unearned income:Unearned income is known as deferred income or deferred revenue. It is the money…

Q: What is the purpose of the accrual tranche?

A: The diverse CMO bunches are known as a tranche. Gathering tranche too known as Z tranche is the…

Q: What is the period of deferment of a deferred annuity?

A: Solution- Deferred Annuity-                 A deferred regular payment is a contract with an…

Q: Give

A:

Q: How to calculate taxable social security earnings?

A: Social security:   It is the protection that a society will provide towards individuals and…

Q: What is the unadjust

A: After audit certain item related to income and expenditure left to be adjusted in the books of…

Q: ccrued interest recomputed periodically individual who does not record interest transactions?

A: Interest expense : associate degree disbursal is that the value incurred by Associate in Nursing…

Q: What is unearned income ,income recived  in advance ?

A: Unearned income or Income received  in advance: Earned revenue that represents to a future…

Q: amount to be paid in full settlement

A: FOB that is Free on Board is defined as the shipping term for the sale and purchase of goods. Under…

Q: What is the difference between the APBO and the EPBO? What are the components of postretirement…

A: Difference between the APBO and the EPBO:Expected pension benefit obligation (EPBO): The amount of…

Q: types of payments that are taxable/not taxable for FUTA?

A: Federal unemployment tax is a tax paid by the employers to the employees who have left the company…

Q: Is GST/HST deducted from gross taxable income before income taxes are applied to an employee's…

A: GST is a consumption tax imposed on the supply of goods and services. It is designed to be a…

Q: Which of the following is not deducted from an employee’s salary? a. FICA taxes.b. Unemployment…

A: Payroll tax The costs incurred by an employer to pay the employee for his labor, including other…

Q: TAARE ZAMEENPAR Company reported the following changes in the account balances for the current year,…

A: Net Income: The amount of money earned by a person or corporation after subtracting expenses,…

Q: Explain why we record interest in the period in which we incur it rather than in the period in which…

A: Given: The record of interest in the incurred period rather than the period of payment.

Q: What is the permanent difference between pretax accounting income and taxable income?

A: A permanent difference is a difference between pretax financial income and taxable income in an…

Q: What is the relationship of the promissory note between the maker and the payee?

A: A note of hand can be a financial instrument that contains a written promise by one party (the…