Answer:
Hybrid basis
Step-by-step explanation:
There are different methods of accounting used by businesses depending on their peculiar needs. Below are the type of accounting methods:
- Cash basis is when revenues and expenses are recognised when cash is recieved or paid out.
-Accrual basis is when revenue and expenses are recognised when they are earned. For example if services are rendered to a client that will pay in a week's time, since service has already been given it is considered that the future payment has been earned.
- Modified basis combines elements of cash and accrual basis. For example considering short term assets like accounts receivable and accounts payable as cash items. Long term assets are recorded on accrual basis.
- Hybrid basis is used when cash and accrual methods are used for various expenses and tax. Mostly it is used for internal accounting purposes.
In this scenario Hariette would like to review the income and expenses that were actually paid last month. This requires a cash basis that shows actual amount recieved and paid last month. Account receivable and payable are not considered.
In setting aside money for tax she will employ accrual basis accounting. It is an expense that is estimated for future use.
So the hybrid basis is the method that will be most suitable.
Given:
Taxable income: 7,500
Paid every two weeks or 26 weeks in a year
Based on 2007 Federal Income Tax Table for Single Taxpayer, Tim is under the tax range over $0 but not over $7,825. The tax is 10% of the amount over $0.
<span>1. Finds the tax rate for his income level =10 %
2. Enters the base amount = $7,500
3. Enters the amount of tax owed = $7,500 * 10% = $750
4. Divides by 26 = $750 / 26 = $28.85 tax withheld from biweekly wages.</span>
Answer:
A
Step-by-step explanation:
edge 2020
All primes are odd, except two. Therefore the sum of the first million primes is one even number plus 999999 odd numbers. Since odd*odd = odd, the first million primes must be even + odd = odd.
An odd number obviously has an odd final digit, so the only option that can be firmly rules out is b (which is even).
We estimate that 12/480=1/40 fish are tagged, so 600 is 1/40 of the total number of fish. This means that there are about 600*40=24000 fish total in the pond.
