The rules by which employers must deposit Social Security and Medicare taxes can be found in
a. the Employer's Tax Guide; b. the IRS Tax Guide; c. The Federal Reserve Bank Tax Guide; d. the employer's handbook; e. none of these
A
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Andy Kim was quietly having a beer one night at Casey's Tavern when he was suddenly and without warning attacked by Red Nekk, who was clearly intoxicated
Red is somewhat notorious around Casey's: he gets thrown out about once a week for starting fights and knows that. On other occasions when he's been there, there have been two bouncers, so he's felt safe. Unfortunately, they were both breaking up another fight when he was suckered by Red. Andy suffered cuts and bruises as a result of this incident, and he sues Casey's for negligence. Which of the following is TRUE? A) The defendant had no duty to protect Andy from attack by its patrons. B) Andy voluntarily assumed the risk of an assault when he attended a place like Casey's. C) The defendant took reasonable care to protect its patrons by employing two bouncers. D) The defendant should have barred Red from the premises, given his history. E) There was nothing the defendant could have done in the circumstances to have protected Andy from an attack.
On December 31, 20X8, Polaris Corporation acquired 100 percent ownership of Star Corporation. On that date, Star reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of Star's assets and liabilities were identical except for land which had increased in value by $10,000 and inventories which had decreased by $5,000.Based on the preceding information, what amount of goodwill will be reported if the acquisition price was $195,000?
A. $0 B. $35,000 C. $15,000 D. $40,000
Which of the following is a dynamic lot-sizing technique that adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost?
A. Least unit cost B. Economic order quantity C. Least total cost D. Inventory item averaging E. Lot-for-lot
Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account? (Hint: If your solution for N is not an integer, round down to the nearest whole number.)
A. 12 B. 13 C. 14 D. 15 E. 16