Who among the following uses accounting information to know the possible wage increments? O a. Bankers O b. Customers OC Employees d. Owners

Q: How to determine the estimated net cost of benefits to the employer?

A: In an organizational setting, when business activities are carried out it results in some benefits…

Q: please explain Employment Income and Business Income in Canada

A: The objective of the question is to understand the concepts of Employment Income and Business Income…

Q: Payment of taxes regularly by the business is its responsibility to which stakeholders? a.…

A: The tax law is regulated by the government and the tax is levy by the regulator. The tax law…

Q: Explain The various employee benefits in an organization: 1-Social Security : 2-Workers'…

A: The payments which is made by employers to its employees that are beyond the wages paid. Typically,…

Q: How does the time period assumption affect an accountant's analysis of business transactions ?

A: Time period assumption state that business organizations are required to prepare and present their…

Q: If the client is not an employee, but works for himself or in partnership with others, or is an…

A: In the case of the self-employed, it is based on pre-tax but after-expense (net) income.In the case…

Q: What are some accounting-related professions?

A: Definition: Accounting: Accounting is a system, or a process of collecting and organizing economic…

Q: How do you prepare an income statement/calculate the operating income in managerial accounting?

A: Income statement: Income statement is a main part of financial statement. All revenues and expenses…

Q: Who among the following uses accounting information to know the possible wage increments? O a.…

A: Employees use the accounting information to know the possible wage increments because they are…

Q: Use examples to support your answer above. (What kind of expenses is allowable for Self-employed)

A: A self employed person is the person who is working on their own means he or she is the boss of…

Q: When is an employer-employee relationship exist?

A: Definition:

Q: ( trial balances ) explain how can they implemented and how they make accountant job more efficient?

A: Trial Balance Trial balance is one of the important process in the accounting.  Trial balance has…

Q: Wages paid to employees are expenses revealed on the company's income statement. Group of answer…

A: Correct Answer:-   True  Supporting Reasons:- (i). Income Statement Overview:The income statement,…

Q: How does financial statements help employees in decision making?

A: Financial statements are statements or reports that are prepared at the end of the accounting period…

Q: Should employee vacation pay be recorded in the period during which the vacation privilege is earned…

A: Vacation is the period provided to the employee by the company. And the associated privileges are…

Q: Describe the uses of payroll register in business.

A:

Q: What is the primary purpose of financial accounting? A) To control the spending of a company B) To…

A: The primary purpose of financial accounting is to provide a clear and accurate financial picture of…

Q: How to calculate the retained earnings in a general journal?

A: Retained earnings refers to the amount of money which a business keeps out of its profits for…

Q: Record the employer's benefit expense.

A: Payroll taxes are defined as the amounts collected by the government or revenue collection authority…

Q: Which businesses qualify as "accelerated filers," and how are such businesses chosen (by income or…

A: Accelerated filers was a term primarily used in the context of financial reporting requirements for…

Q: How do companies account for and record payroll, and what journal entries do they use ?

A: Payroll Accounting is the branch study of accountancy in which the transactions related to payroll…

Q: In order to prepare Forms W-2, an employer would utilize the employee's earnings record. O True O…

A: form w2 is also known as and tax statement is a document that employer is required to send to each…

Q: Who among the following is a direct user of accounting information? Labor association Financial…

A: Users of accounting information is classified into 2 categories:  a. Direct users  b. Indirect users…

Q: Is one who is engaged in trade or business or in the practice of profession and at the same time…

A: A person can earn income from various sources. For example, he may be employed by an employer for…

Q: External users of fi nancial accounting information includeall of the following except:a. Investors.…

A: External Users:   The external users are the users of the information who are outside the…

Q: How does the expenditure cycle in accounting help an organization manage its expenses and control…

A: Cycles of expenditure are comparable to a company's financial management. It assists the business in…

Q: It is a person's earnings before deduction. Salary Wage Gross pay Net pay

A: Employment is one of the major economic activities. Employees get some remuneration from their…

Q: What are the payroll system's general tasks?

A: Payroll is the amount paid by business to the employees in the form of compensation for the given…

Q: When employees choose a company through financial statements, which parts ，point  and ratio should…

A: Financial statement: Financial statements are organized summaries of detailed information about the…

Q: which report contains paid employee wages and salaries for a period? Multiple Choice • The balance…

A: The question is asking us to identify which financial report contains information about the wages…

Q: mployees' entitlements including annual leave, personal leave and long service leave are reported by…

A: Employee entitlements are also called employee benefits or fringe benefits. These benefits are…

Q: How does the institution (Dept. of Trade Industry and DOST) provide assistance to small business…

A: Industrialization plays an important in the economic development of a country. The structure of…

Q: 1. What is the earnings management? How to apply it to the accounting? 2. What is the ethical…

A: 1. What is Earnings Management? How to Apply It to Accounting?Earnings management refers to the use…

Q: What is self-employment income? Also, what are business-related expenses? And how are they used in…

A: Individual accounting is the process of managing and recording financial transactions for an…

Q: Discuss the principles and methods of accounting for pensions and other post-employment benefits.…

A: Accounting is a systematic process of identifying, recording, measuring, classifying, summarizing,…