The disadvantage of the sole proprietorship is
a. lack of flexibility in managing the business.
b. unlimited liability for debts of the business.
c. ease of formation.
d. none of these.
B
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Jack's gross pay for the week is $1400. His year-to-date pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Jack's year-to-date pay has previously exceeded the $7000 cap. What is the total amount of payroll taxes that Jack's employer must record as payroll tax expenses? (Do not round your intermediate calculations. Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)
A) $86.80 B) $58.80 C) $20.30 D) $107.10
In a general sense, anyone who affects or is affected by decisions made within a firm can be called a business ________.
A. insider B. stakeholder C. analyst D. nominee
You should create a slide or canvas only if it accomplishes what purpose?
A) Generates interest in what you are saying and helps the audience follow your ideas B) Illustrates and simplifies complex ideas C) Highlights points you want your audience to remember D) Create a slide or canvas that accomplishes any of these purposes.
The source of the Statute of Frauds today is a federal statute
Indicate whether the statement is true or false