Glocker assigned to Baines her right to collect $500 from Palmer. Palmer, who was not notified of the assignment, paid the $500 to Glocker. Can Baines collect the $500 from Palmer?
a. Yes; oral or written assignments are valid without consent.
b. Yes; rights may be delegated without consent of the parties involved.
c. No; full payment made before receiving notification of an assignment completely releases the obligor from any legal obligation to the assignee.
d. No; part payment made before receiving notification of an assignment will reduce the obligor's responsibility to the assignee.
C
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An employee earned $42,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128,400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:
A. $3235.95. B. $613.35. C. $6471.90. D. $2622.60. E. $0, since the FICA tax is only deducted from an employee's pay.
Lyle, vice-president of sales for Mi-T Electric, Inc, adheres to Judeo-Christian re-lig-ious ethical standards. With respect to their application, these standards are
a. absolute. b. analytical. c. discretionary. d. utilitarian.
The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Store's Card Major Credit Card Sample size64 49 Sample mean$140 $120 Population standard deviation$10 $8 ? At 95% confidence, the margin of error is
A. 1.694. B. 3.32. C. 1.96. D. 15.
If an asset's ________ is greater than its current book value, a gain on disposal occurs
A) original book value B) amount of depreciation C) disposal value D) original market value