Why does the employer fill out an IRS form 940 every year?
a. to report income taxes withheld from employee wages
b. to report federal unemployment tax
c. to report the number of employees from their company who have filed for unemployment
d. to report the number of employees who filed a workers’ compensation claim
b. to report federal unemployment tax
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A journal entry to transfer costs from the Work in Process account to Finished Goods Inventory account will include a debit to Finished Goods Inventory
Indicate whether the statement is true or false
If you were to receive $100,000 from a corporation, the most tax-efficient way to receive it would be as
A) dividends. B) interest. C) capital gains. D) salary.
Which of the following is always true for all probability density functions of continuous random variables?
A. The probability at any single point is zero. B. They contain an uncountable number of possible values. C. The total area under the density function f(x) equals 1 D. All of these choices are true.
Identify which of the following statements is false.
A) A revenue ruling is issued by the Internal Revenue Service only in response to a written inquiry by a taxpayer. B) Rev. Proc. 2006-19 is a revenue procedure that was published in 2006. C) The citation Ltr. Rul. 200611075 usually indicates the ruling was made public in the 11th week of 2006. D) A technical advice memorandum is made available as a letter ruling.