Business, 29.11.2020 02:00 teamzomaxx8210
The purpose of filling out a W-4 is to make it easier for individuals to meet their tax liability by paying income taxes as they earn income. Paying anticipated taxes from each paycheck reduces the amount an individual owes when filing taxes and can even result in a tax refund. To guarantee or increase the refund, individuals sometimes claim fewer allowances (to have more income tax withheld) or request a specific additional amount to be withheld from each paycheck.
Daniel’s employer will automatically deduct taxes from Daniel’s pay using the information on the W-4 form that Daniel completed on his first day. From his W-4 form, Daniel's employer determined that $75 needs to be withheld from each of Daniel's weekly paychecks, totaling $3,900 for the year.
Compare Daniel’s tax liability from part B, question 3, with the total amount withheld from his check: $3,900 for the year. If Daniel wants a refund when he files his taxes, should he have filled out his W-4 differently? Explain your reasoning.
Answers: 1
Business, 21.06.2019 14:00, marlesly87
Before downloading a new app on your phone, you need to pay attention to
Answers: 2
Business, 22.06.2019 06:40, lexhorton2002
Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?
Answers: 1
Business, 22.06.2019 09:50, winterblanco
phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)
Answers: 3
Business, 22.06.2019 13:40, vanessam16
Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:
Answers: 3
The purpose of filling out a W-4 is to make it easier for individuals to meet their tax liability by...
Mathematics, 08.12.2020 20:40
Mathematics, 08.12.2020 20:40