What is the purpose of the Federal W-4 form?
A. To remit monthly payments for FICA to the federal government
B. To notify the federal government when a new employee is hired
C. To allow an employee to choose the number of withholding allowances for calculating federal withholding tax
D. To notify the employee at year-end of the amount of federal tax withheld
Answer: C
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On January 1, 2015, Clark, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. What is the carrying value of the bonds at the end of the ten years?
a. $400,000 b. $480,000 c. $380,000 d. $354,200
Pavillion Corp. has $6,000,000 in total assets, $1,500,000 in current assets, and $4,000,000 in equity. Calculate the debt-to-asset ratio
A) 0.33 B) 0.50 C) 0.25 D) 0.67
Class rating and schedule rating use the same approach in arriving at a final fire insurance rate; both use a system of debits and credits and charges for particular property as compared to a standard
Indicate whether the statement is true or false
Predictive validation is used frequently for employment tests because it is cost-efficient and fast.
Answer the following statement true (T) or false (F)