What distinguishes socially responsible business practices from other practices conducted within a corporation that improve communities and protect the environment?
What will be an ideal response?
A key difference is that socially responsible practices are done at the company’s discretion, rather than because of an outside force such as regulation. Over the past couple of decades, there has been a shift from engaging in socially responsible business practices as a reaction to regulations and complaints by antagonists to taking on CR initiatives as a strategic imperative designed to solve social and environmental problems while benefiting a corporation’s financial bottom line.
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Which of the following is/are not true regarding U.S. GAAP and IFRS requirements for income tax accounting for financial reporting purposes?
a. Income taxes expense equals income taxes currently payable. b. A temporary difference that implies a future tax deduction gives rise to a deferred tax asset. c. A temporary difference that implies a future increase in income tax payable gives rise to a deferred tax liability. d. The accountant computes income tax expense using pretax amounts for financial reporting. e. A permanent difference never affects income tax expense for any period.
Intentional infliction of emotional distress requires that the conduct be outrageous
Indicate whether the statement is true or false
The chief executive officer earns $21,000 per month. As of May 31, her gross pay was $105,000. The tax rate for Social Security is 6.2% of the first $127,200 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 4.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of FICA- Social Security withheld from this employee for the month of June?
A. $1376.40 B. $1537.60 C. $680.60 D. $7347.00 E. $1630.60
Construct a product structure tree for a movie purchased in DVD format. Assume that it contains a single DVD disk. Don't be concerned with artwork—you may use labeled boxes for your parts and assemblies
What will be an ideal response?