Which of the following entity characteristics are generally key drivers for small business owners in deciding which entity to choose?
A. Liability protection.
B. Required accounting period.
C. Rate at which income from entity will be taxed.
D. Rate at which income from entity will be taxed and liability protection.
E. Rate at which income from entity will be taxed and required accounting period.
Answer: D
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Amy's gross pay for the week is $870.00. Her deduction for federal income tax is based on a rate of 25%. She has voluntary deductions of $245.00. Her year-to-date pay is under the limit for OASDI. What is her net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. (Round all calculations to the nearest cent.)
A) $407.50 B) $652.50 C) $585.94 D) $340.94
Freedom norms provide the order in business relationships that permits predictable plans to be effective
Indicate whether the statement is true or false
Which of the following statements is true of telecommuting??
A) It involves regular face-to-face meetings.? B) ?It requires employees to be physically present in a company's office. C) ?It is ineffective for communication in geographically dispersed locations. D) ?It reduces travel time and increases work flexibility.
Lumpy assets are assets that cannot be acquired in small increments; they must be obtained in large, discrete amounts.?
Answer the following statement true (T) or false (F)