You recently read an article in your school newspaper about Professor Rodney Taylor, one of your favorite professors in the religious studies department. According the article, he and the university have been negotiating an early retirement package and are reached a stumbling block. Under the agreement, Professor Taylor is to receive a lump-sum payment equal to one year's salary in exchange for his retirement and the release of any and all rights associated with his tenure status. While recognizing that the payment would be subject to income tax, Taylor contends that the amount is not earned income and thus should not be subject to the FICA tax. The university negotiators say that they are not aware of any authority that supports Taylor's view. In fact, they have learned that other universities in the state system have been withholding amounts for FICA for years in situations involving early retirement buyout packages for high-level administrators. The university's position is that lacking the authority to not withhold for FICA and given the precedent set in similar early retirement packages at other universities, they are obligated to withhold FICA from the payment. You want to come to the aid of Professor Taylor. Obviously, if the payments are considered wages subject to the FICA tax, the value of the offer to Professor Taylor will be significantly reduced. Can you find any authority for his position? Evaluate the position of the university and of the professor. Do the following: (1) Give your opinion. In it, show authorities, citing law, regulations, interpretations and decisions applicable. (2) Enumerate and explain every step you take in reaching your result. These are extremely important - just as important as the conclusion itself.
In: Accounting
|
Nurse |
NCLEX Score |
Final Grade (University) |
|
1 |
440 |
87 |
|
2 |
480 |
87 |
|
3 |
535 |
87 |
|
4 |
460 |
88 |
|
5 |
525 |
88 |
|
6 |
480 |
89 |
|
7 |
510 |
89 |
|
8 |
530 |
89 |
|
9 |
545 |
89 |
|
10 |
600 |
89 |
|
11 |
495 |
90 |
|
12 |
545 |
90 |
|
13 |
575 |
90 |
|
14 |
525 |
91 |
|
15 |
575 |
91 |
|
16 |
600 |
91 |
|
17 |
490 |
92 |
|
18 |
510 |
92 |
|
19 |
575 |
92 |
|
20 |
540 |
93 |
|
21 |
595 |
93 |
|
22 |
525 |
94 |
|
23 |
545 |
94 |
|
24 |
600 |
94 |
|
25 |
625 |
94 |
In: Math
Pls do not handwritten for easy reading === ===
Question:-
CC Ltd, a company incorporated in Singapore with Dec 31 year ends,
acquired a retail shop on 2 Jan 20x1 for $600,000 with the
intention of renting it out. The property is leasehold with 20
years remaining on the lease. It has a zero residual value. On 1
Jul 20x1, CC Ltd rented out the retails shop to an unrelated
company for a monthly rental of $8,000, payable at the end of each
month. After 2 yrs, CC Ltd managed to terminate the lease with the
existing tenant on 30 Jun 20x3. CC Ltd used the retail shop for its
own operations from 1 Jul 20x3 onwards.
The market value of CC Ltd's retail shop was determined as
follows:-
31 Dec 20x1: $800,000
31 Dec 20x2: $700,000
1 Jul 20x3 : $740,000
CC Ltd adopts the fair model under FRS 40 Investment Property and
adopts the cost model under FRS 16 Property, Plant and equipment.
CC Ltd depreciates all its assets on a straight-line where
applicable.
Required:
Illustrate the accounting for the retail shop by preparing the
journal entries(with journal narratives) to record the various
events relating to CC Ltd's retail shop from 2 Jan 20x1 to 31 Dec
20x3. Please round your answer to the nearest dollar.
In: Accounting
Write 4-5 paragraphs on the background of the Economic and cost issue of the opioid crises in the US. Please don't use everything from the internet, except for the data. Also, provide data source for this issue, with a graph.
In: Economics
How does Costa Rica trade agreement impact doing business in this country? How does it impact business in the US? Who profits the most from the trade agreement? Who profits the least? Why?
In: Economics
Please address ONE main barrier (from YOUR point of view) that
US health care system may encounter when trying to improve the
population health. Please offer specific example/s.
In: Nursing
provide a brief summary of the lessons that investors should learn from the Collapse of Banco Popular. Was the restructuring successful? Do you agree that US capital adequacy requirements are more stringent than European ones?
In: Finance
One of the interesting aspects of chemistry that affects us on a daily basis is the area of polymer chemistry. What are some of the products we use on a daily basis that is derived from this? Please explain in at least 150 words.
In: Chemistry
Explain the following developmental periods. Tell us what occurs during
Implantation
Gastrulation
Neurulation
Name and explain the 3 parts of labor. Be sure to include that the placenta is composed of the __________ layer from the embryo and the mother’s __________________.
In: Anatomy and Physiology
In a marketing campaign to increase lagging sales of their oatmeal raisin cookies, the Quaker Oats Company announced the "Raisin" the Roof Challenge, claiming that 30-ounce packages of their oatmeal raisin cookies contained on average more than 1200 raisins. Dedicated statistics students at Princeton University (no kidding) purchased randomly selected packages of Quaker Oats oatmeal raisin cookies and counted the number of raisins in each package. Some of their data are shown below:
1219 1214 1087 1200 1419 1121 1325 1345
1244 1258 1356 1132 1191 1270 1295 1135
The shape of the distribution of the number of raisins per package is approximately mound-shaped with very little skewness and no outliers.
We will use the above data to perform a hypothesis test to evaluate the Quaker Oats Company's claim.
Question 1. The null hypothesis is H0: μ = 1200, where μ is the mean number of raisins per 30-ounce package. Select the alternative hypothesis from the choices below Note: 2 submissions ONLY.
In: Statistics and Probability