In employee leasing, the leased employees actually work for the hiring company rather than the leasing company.
Answer the following statement true (T) or false (F)
False
In employee leasing, "employees" actually work for the leasing company, who handles recruiting, training, compensation, and government filings.
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The management of Plotnik Corporation is investigating purchasing equipment that would increase sales revenues by $269,000 per year and cash operating expenses by $156,000 per year. The equipment would cost $294,000 and have a 6 year life with no salvage value. The simple rate of return on the investment is closest to (Ignore income taxes.):
A. 21.8% B. 38.4% C. 16.7% D. 23.8%
One of the basic time series patterns is random
Indicate whether the statement is true or false
Which of the following is a legally required fringe benefit that must be provided by employers with 50 or more employees within a radius of 75 miles of their home office?
A. Severance pay B. Auto insurance C. Alcohol and drug rehabilitation D. Family and medical leave
Raoul sells household items online. He receives $3,340 cash and a pair of high-power binoculars from this activity during the year. What tax issues should Raoul consider?
What will be an ideal response?