In which of the following cases can the name of a limited partnership include the surname of a limited partner?
A) the limited partner has stayed longer than all other partners
B) the name is also the surname of a general partner
C) the limited partner has invested more than the general partner
D) the name is unanimously voted for by other limited partners
B
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Slaton Services' payroll register reported the following earnings and deductions: Current total earnings, $1,988.06 Federal income tax, $280.17 State income tax, $56.03 Social security tax, $123.26 Medicare tax, $28.83 The journal entry to record the payroll would include a
a. debit to Employees' Federal Income Tax Payable, $280.17. b. credit to Wages Expense, $1,499.77. c. debit to Wages Expense, $1,499.77. d. credit to Wages Payable, $1,499.77.
If partnership debt is reduced and a partner is deemed to receive a cash distribution, what impact does the deemed distribution have on the partner if it is in excess of her tax basis?
A. The partner will not ever be taxed on the distribution in excess of her basis. B. The partner will treat the distribution in excess of her basis as ordinary income. C. The partner will not be taxed on the distribution in excess of her basis until she sells her partnership interest. D. The partner will treat the distribution in excess of her basis as capital gain.
The shipping company manager wants to determine the best routes for the trucks to take to reach their destinations. This problem can be solved using the ________ solution technique
Fill in the blank with correct word.
Structured Query Language (SQL) is generally used to interact with a database
a. True b. False Indicate whether the statement is true or false