Which of the following have the broadest tax base? Federal income tax Federal payroll tax Federal...
Which of the following have the broadest tax base?
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Federal income tax |
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Federal payroll tax |
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Federal excise tax on gasoline |
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Federal excise tax on airline fares |
Homework Answers
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Which of the following have the broadest tax base?
Federal income tax
Federal payroll tax
Federal...
Payroll taxes paid by employees include which of the following? O Federal income tax, federal unemployment...
Payroll taxes paid by employees include which of the following? O Federal income tax, federal unemployment tax, and Medicare O Social security, federal unemployment tax, and state unemployment tax O Social security, federal income tax, and federal unemployment tax O Federal income tax withheld, state income tax withheld, and Medicare Which of the following statements about bonds and notes is not correct? O A company can borrow the funds necessary to finance its activities using bonds or promissory notes O...
Which of the following is an example of a proportional tax? The U.S. Federal Income Tax....
Which of the following is an example of a proportional tax? The U.S. Federal Income Tax. The Russian Income Tax. The U.S. Social Security Payroll Tax. ayton More than one (perhaps all) of the above answers is correct.
A. Which of the following is not a payroll tax expense to the employer? State unemployment...
A. Which of the following is not a payroll tax expense to the employer? State unemployment taxes. B. Federal unemployment taxes. Social Security and Medicare taxes. Federal income taxes withheld from employee paychecks.
In regard to the federal corporate income tax compared to the federal individual income tax, which...
In regard to the federal corporate income tax compared to the federal individual income tax, which of the following is most accurate? Only individuals use a standard deduction They are both progressive in nature. They both compute adjusted gross income. Neither is progressive in nature.
. The gross payroll for McKinney Corporation was $100,000. Federal income tax withheld from employee paychecks...
. The gross payroll for McKinney Corporation was $100,000. Federal income tax withheld from employee paychecks amounted to $24,000, state income tax withheld amounted to $3,000, Social Security amounted to $8,500 (the combined employee and employer portions), and Medicare amounted to $3,500 (the combined employee and employer portions). Furthermore, employees elected to have $1,000 of insurance and charitable contributions withheld from their paychecks. How much was net pay?
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c....
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c. Unearned revenues; D. Allowance for doubtful accounts. B. Which of the following is not a current liability? Discount on Bonds Payable due in 7 years; Wages Payable; Estimated Warranty Payable for items sold with a one year warranty: Out of court litigation settlement liability due to be paid next month. B. Page 2 of 6 Which of the following is not a payroll tax...
Which of the following taxes would NOT be included in the total payroll tax expense the employer is responsible for...
Which of the following taxes would NOT be included in the total payroll tax expense the employer is responsible for paying? Employer Social Security taxes Employer Medicare taxes Federal and state income tax State unemployment taxes Federal unemployment taxes
In 1913, when the first income tax under the 16th Amendment was enacted, the Standard Federal...
In 1913, when the first income tax under the 16th Amendment was enacted, the Standard Federal Tax Reporter covered federal income, estate, gift, and excise taxes within a single volume. Today, CCH has other reporters concerned with estate, gift, excise, and other taxes so that the Standard Federal Tax Reporter is now devoted exclusively to the federal income tax. Locate the current edition of the Standard Federal Tax Reporter and very briefly observe the contents of its several volumes. How...
Which of the following taxes would not be included in payroll tax expense of an employer?...
Which of the following taxes would not be included in payroll tax expense of an employer? A. Federal unemployment taxes B. Employer FICA-Social Security taxes C. Income tax withholdings D. State unemployment taxes E. Employer FICA-Medicare taxes
Amount Subject to Payroll Taxes Unemployment Tax Payroll Wages Due FICA Federal State Factory $122,200 $122,200...
Amount Subject to Payroll Taxes Unemployment Tax Payroll Wages Due FICA Federal State Factory $122,200 $122,200 $36,200 $36,200 Sales 33,500 33,500 3,900 3,900 Administrative 35,500 35,500 xxxx xxxx Total $191,200 $191,200 $40,100 $40,100 At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee’s wages to $118,500 and 1.45% in excess of $118,500. Of...
Payroll taxes paid by employees include which of the following? O Federal income tax, federal unemployment tax, and Medicare O Social security, federal unemployment tax, and state unemployment tax O Social security, federal income tax, and federal unemployment tax O Federal income tax withheld, state income tax withheld, and Medicare Which of the following statements about bonds and notes is not correct? O A company can borrow the funds necessary to finance its activities using bonds or promissory notes O...
Which of the following is an example of a proportional tax? The U.S. Federal Income Tax. The Russian Income Tax. The U.S. Social Security Payroll Tax. ayton More than one (perhaps all) of the above answers is correct.
A. Which of the following is not a payroll tax expense to the employer? State unemployment taxes. B. Federal unemployment taxes. Social Security and Medicare taxes. Federal income taxes withheld from employee paychecks.
In regard to the federal corporate income tax compared to the federal individual income tax, which of the following is most accurate? Only individuals use a standard deduction They are both progressive in nature. They both compute adjusted gross income. Neither is progressive in nature.
Which of the following is not a current liability? Sales tax payable; Payroll taxes payable; c. Unearned revenues; D. Allowance for doubtful accounts. B. Which of the following is not a current liability? Discount on Bonds Payable due in 7 years; Wages Payable; Estimated Warranty Payable for items sold with a one year warranty: Out of court litigation settlement liability due to be paid next month. B. Page 2 of 6 Which of the following is not a payroll tax...
Which of the following taxes would NOT be included in the total payroll tax expense the employer is responsible for paying? Employer Social Security taxes Employer Medicare taxes Federal and state income tax State unemployment taxes Federal unemployment taxes
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