United States - October 2006

7. A Company started year x with salaries payable of $10,000, and ended the same year with salaries payable of $15,000. During the year, the company paid salaries of $125,000. The amount of salaries expense the company reported on its income statement for that year was:
A) $120,000. B) $150,000. C) $130,000. D) $125,000. E) none of the above.

please explain. i figured it out to be 130, but was wrong

2006-10-09 07:00:48 · 1 answers · asked by Diggler AKA The Cab Driver 1

5. A Corporation was started when a group of people invested $20,000 in it. During the first four years of A Corporation’s existence, it had net income of $20,000 each year, In year five, A Corporation had a net loss of $20,000. During these same years, it paid dividends of $10,000, $15,000, $15,000, $10,000, and $ 0. At the end of year 5, the company’s balance sheet showed total liabilities of $10,000. A Corporation’s total assets at the end of year five were:
A) $40,000. B) $20,000. C) $80,000. D) $60,000. E) none of the above.

please explain why the answer is 40,000

2006-10-09 06:58:59 · 3 answers · asked by Diggler AKA The Cab Driver 1

I was given one in ChicagoRidge but they told me they couldn't help and they did not have the address to the STATE office.

2006-10-09 06:28:54 · 1 answers · asked by Me 4

2006-10-09 05:55:00 · 10 answers · asked by nyzamfam 2

there was no agreement verbal or written of a fluxuating workweek pay .salary has to be a fixed amount not to drop b low min.wage. part time employees can not be paid salary.these ******* are going down!!! any smart suggestions

2006-10-08 23:31:42 · 2 answers · asked by joleen j 1

2006-10-08 22:00:38 · 4 answers · asked by joleen j 1

i'm in nevada and i sell make up on commossion only. now, i have to deduct the tax from my sales before i calculate my percentage. then when i recieve my check i'm taxed very heavily again. and on my paystub it states that i recieve salary. is this legal?

2006-10-08 18:55:19 · 4 answers · asked by joleen j 1

2006-10-08 16:30:26 · 2 answers · asked by pituka 1

sold one that we were renting out (qualified as residence since we lived in it 2 out of 5 years) now we want to upgrade and sell current home, using proceeds from both to purchase larger home...any way to avoid capital gains on one or both of these properties?

2006-10-08 15:27:16 · 4 answers · asked by Peter B 1

Will they charge me any duty fee like a custom duty fee?

2006-10-08 14:28:26 · 6 answers · asked by dufus 2

This is in Kissimmee, Florida. Last night, I went to a CVS pharmacy to buy a 20oz Dr. Pepper. The price tag said $1.19. I had $1.25. When I took it to the register, the price turned out to be $1.27, including tax. It was very nice of the cashier that she slid me the extra 2 cents.

Why did the price tag not reflect the actual price, including taxation? Shoudn't it? I think that is misleading.

2006-10-08 12:26:05 · 12 answers · asked by Gary T 1

2006-10-08 12:24:29 · 2 answers · asked by Kenneth C 1

If i make money on the forex market, is there a tax for it? And if there is, how do i pay for it?

2006-10-08 12:22:04 · 4 answers · asked by lone_wolf842@sbcglobal.net 2

2006-10-08 12:20:00 · 5 answers · asked by tictoc34 1

I heard people of the amish religion do not pay income taxes nor do they have social security numbers or pay ssi taxes is this true?

2006-10-08 10:21:52 · 10 answers · asked by sue c 1

I am located in New York, USA
Company provided car for daily work activities in the field.
I can use the car for personal use and pay for personal mileage.
I am required to take the car home with me.
I pay for commute miles home.
I cannot use my own car for work.
My town requires I park all work vehicles off public streets.
There is no alternative parking facilities provided by my company to store there vehicle.
Thank you!!

2006-10-08 09:02:40 · 5 answers · asked by Rich . 1

I will turn 16 in 4 months. Starting next week, I will work at $5.30/ hr at Papa Johns. If I work 30 hours a week, how much money can I make in one month after taxes and other stuff like that are taken off.

2006-10-08 07:55:54 · 6 answers · asked by Anonymous

2006-10-08 04:22:12 · 3 answers · asked by David J 1

2006-10-08 03:41:26 · 13 answers · asked by nancy p 2

If I buy a stock for $100.00 and it appreciates to $200.00, what is the best formula to calculate the % increase?

(200-100)/100

or

(200-100)/((200-100)/2)

2006-10-08 03:03:34 · 1 answers · asked by nathan_strahl 1

2006-10-08 00:13:49 · 9 answers · asked by Little Mark 2

I have dual (US, UK) citizenship, but am now a resident of UK (this is the transition year, ie, started as a US resident). I understand the foreign tax credit and foreign earned income exclusion portion of the US tax code. Is there any relief (as healthcare expense in itemized deductions eg) for Nat'l Insurance charged by british government?

2006-10-07 23:01:46 · 4 answers · asked by Imac 1

ive been working for 3 months in a company that just started and im being payed in cash when will i have to pay taxes for the money
how much will i have to pay i earn $400 a week($80 Daily)
im 18 and single that doe matter right

2006-10-07 16:52:17 · 7 answers · asked by joe 2

2006-10-07 14:52:06 · 6 answers · asked by Anonymous

2006-10-07 14:51:44 · 5 answers · asked by Josh V 1

If so, could you still be liable for US taxes even though you work in Europe, employed by a UK company?

2006-10-07 14:12:22 · 4 answers · asked by bogger 1

My wife did not work that year

2006-10-07 14:10:08 · 10 answers · asked by germantavarez 1

2006-10-07 11:35:04 · 7 answers · asked by urmyfavorite 2

I know that tax court cases are held all over the country and that judges travel to select cities to hold these cases. I was wondering if there is anyway for me to find out when they will hear a tax case in Seattle. I looked on their website, but couldnt find anything helpful.

2006-10-07 11:27:00 · 3 answers · asked by Ski_Bum 3

My husband won $6000 from a competition that he was in back in March. He got paid in April we have saved the money that is supposed to be taxed, and we are going to pay it in April when we thought that it was due....should we have paid Estimated Taxes on it in the quarter that it was due? We did not know anything about this this esitimated tax...and just thought that it was normal for us to pay it at the end of the year. I have been looking and it appears that we have been wrong and that we should of paid it back then. What should we expect now, and what should we do?

2006-10-07 11:16:08 · 5 answers · asked by Proud AP! 3