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Troyanec [42]
2 years ago
9

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino

royale. what implication does she encounter when she goes to collect her prize?
Business
1 answer:
hodyreva [135]2 years ago
8 0

Answer:

Depending on what game Jennifer played, she might have to pay taxes. If Jessica won the money playing [email protected]@ck or [email protected]@[email protected] she doesn't need to pay taxes.

Explanation:

The IRS requires casinos in Las Vegas to withhold 25% of total gambling winnings (or 30% if the gambler is from a foreign country). When a casino withholds taxes, they will provide you with IRS Form W-2G.

You must remember to keep Form W-2G so you can report it on your IRS Form 1040 tax return at the end of the year, to avoid being taxed twice.

But winnings from some table games are not taxed, e.g. [email protected]@ck, [email protected]@[email protected], [email protected], and roulette are not taxed.

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Consider a remote town in which two restaurants, All-You-Can-Eat Cafe? and GoodGrub Diner, operate in a duopoly. Both restaurant
stich3 [128]

Answer:

Both restaurant will clean up

Explanation:                                                        

In the table below the first number in the parentheses belongs to All-You-Can-Eat Café? and the second number belongs to GoodGrub Diner . And the titles (Clean Up and Not Clean) represents their options separately.

                                                                            GoodGrub Diner

                                                     Clean Up            Not Clean

All-You-Can-Eat Café? Clean Up (11 000, 11 000) (18 000, 6 000)

                                Not Clean (6 000, 18 000) (14 000, 14 000)

If All-You-Can-Eat Café? cleans up, GoodGrub Diner will earn 11 000 dollars by cleaning up verses 6 000 dollars by not cleaning. And if All-You-Can-Eat Café? doesn’t clean, GoodGrub Diner will earn 18 000 dollars by cleaning up verses 14 000 dollars by not cleaning. Similarly All-You-Can-Eat Café? will be better off by cleaning up both in the case where GoodGrub Diner cleans up and in the case where GoodGrub Diner doesn’t clean, comparing with the cases All-You-Can-Eat Café? doesn’t clean.

Each restaurant adopts the strategy that is best for itself regardless of which strategy the other restaurant chooses. This is called the Nash equilibrium.

8 0
2 years ago
Renata and Danuta would like to form a business providing take-out meals to homebound destitute residents of Las Vegas. The meal
Xelga [282]

Answer:

A

Explanation:

Nonprofit corporation are corporations that do not earn profits. Revenue earned are usually used in the running of the business or for they are donated.

These type of corporations are usually tax exempt. Their activities usually range from religious, charitable or scientific activities

Renata and Danuta are running a charitable organisation that would be catering for homebound destitute

8 0
2 years ago
At the end of July, the first month of the current fiscal year, the factory overhead account had a debit balance. Which of the f
Kruka [31]

Under applied, deferred debit describes the nature of this balance

Explanation:

A deferred debit is a non-consuming expense, and is therefore marked as an expenditure temporarily. The costs are paid to the bill once the expenditures have been expended. Deferred loans usually occur in the balance sheet as a taxable asset in the accrued spending account.

The overhead is under-applied where a cost accounting system includes overhead costs allocated to an employment-in-progress commodity which do not exceed the actual overall cost. The prices of the products sold are the real costs of the manufacture of the goods sold by an undertaking.

4 0
1 year ago
Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent produ
patriot [66]

Complete Question:

Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent product launch was completed on time. His manager was impressed and offered Rashad the opportunity for a coveted leadership position on the next generation product team. The manager's action is consistent with _______ justice.

Group of answer choices.

A. restorative

B. customary

C. distributive

D. frontier

E. reparative

Answer:

Distributive.

Explanation:

In this scenario, Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent product launch was completed on time. As a result of this, his manager was impressed and offered Rashad the opportunity for a coveted leadership position on the next generation product team. The manager's action is consistent with distributive justice.

Distributive justice can be defined as the just and fair allocation of resources among a large group of people. It is mainly focused on the use of discretion as opposed to administrative laws, policies or procedures.

<em>Hence, Rashad was offered the much coveted position by his manager not because he was entitled to it by law but as a result of distributive justice being used by the manager. </em>

8 0
1 year ago
Rachel paid $600 per month to rent a workshop. She paid weekly salaries to her three employees, amounting to a total of $3600 fo
Anna [14]

Answer:

<u>The correct answer is that Rachel's workshop total cost is US$ 5,700 per month and US$ 19 of average cost per unit sold every month.</u>

Explanation:

<u>1. Rachel's workshop monthly costs</u>

Rent US$ 600

Salaries US$ 3,600

Insurance premium US$ 300

Raw materials US$ 1,200

<u>Total monthly costs US$ 5,700</u>

<u>2.  Rachel's workshop average monthly costs</u>

Number of units sold per month = 300

Average monthly costs = Total monthly costs/Number of units sold

Average monthly costs = 5,700/300

<u>Average monthly costs = US$ 19</u>

3 0
1 year ago
Read 2 more answers
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