If you are self-employed, you have to pay both the employer and employee portions of FICA, for a total rate of 20 percent
Indicate whether this statement is true or false.
Answer: FALSE
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Andy and Ian formed a partnership on April 1, 2019. Andy contributes equipment to the business that originally cost $82,000 and on which accumulated depreciation of $16,000 has been recorded. The current market value of the equipment is $74,000. The value of the equipment recorded in the partnership journal is ________.
A) $66,000 B) $74,000 C) $58,000 D) $82,000
If Auli’i reaches her sales goals for this quarter, she will receive a $2,000 bonus. This part of her compensation is considered ______.
A. base pay B. a wage and salary add-on C. incentive pay D. benefits
Sales positions can be a good track for promotion to supervisory-management positions
Indicate whether the statement is true or false
We Care, a nonprofit environmental organization, believes that Quanaco is violating the Clean Air Act. The EPA has not taken any action against Quanaco. We Care can file a citizens' suit against the EPA
a. True b. False Indicate whether the statement is true or false