The Federal Insurance Contributions Act (FICA) tax deducted from your salary goes to pay for unemployment insurance
Indicate whether this statement is true or false.
Answer: FALSE
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Which of the following was established by signing the Treaty of Paris by the original six members of the European Community?
A) GATT B) European Atomic Energy Commission C) European Coal & Steel Community D) The Single European Act
The rights and duties of the landlord and tenant are based on equitable principles of common law
Indicate whether the statement is true or false
From the information presented in Table 3, calculate the following financial ratios for the Dooley Sportswear Company
Table 3 Financial Data for Dooley Sportswear December 31, 2013 Inventory $206,250 Long-term debt 300,000 Interest expense 5,000 Accumulated depreciation 442,500 Cash 180,000 Net sales (all credit) 1,500,000 Common stock 800,000 Accounts receivable 225,000 Operating expenses 525,000 Notes payable-current 187,500 Cost of goods sold 937,500 Plant and equipment 1,312,500 Accounts payable 168,750 Marketable securities 95,000 Prepaid insurance 80,000 Accrued wages 65,000 Retained earnings-current-year ? Federal income taxes 5,750 current ratio operating profit margin acid test ratio net profit margin average collection period total tangible asset turnover inventory turnover times interest earned gross profit margin
Rafael is a limited partner in an online clothing company. As a limited partner, Rafael can be involved with the company for a maximum of five years.
Answer the following statement true (T) or false (F)