Legally, life insurance agents are not employees of the companies they represent
Indicate whether the statement is true or false
TRUE
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Although the statutes of frauds of all the states are not the same, most states require only a memorandum of the parties' agreement; they do not require that the entire contract be in writing or that the writing be in a single document.
Answer the following statement true (T) or false (F)
A syndicated research report is an example of a secondary data source
Indicate whether the statement is true or false
During the first week of February, Gabe Hopen earned $300 . Assume that FICA taxes are 7.65 percent of wages up to $106,800, state unemployment tax is 5.0 percent of wages up to $13,000, and federal unemployment tax is 0.8 percent of wages up to $13,000 . Assume that Gabe has voluntary withholdings of $10 (in addition to taxes) and that federal and state income tax withholdings are $18 and $6,
respectively. Using the information above, what amount is the check, net of all deductions, that Gabe received for the week's pay? a. $243.05 b. $259.60 c. $274.60 d. $277.00
How does the rendering of services on account affect the accounting equation?
A) assets increase; owner's equity increases B) assets decrease; owner's equity decrease C) assets increase; owner's equity decreases D) liabilities increase; owner's equity decreases