What are long-term care insurance benefits

Assignment Help Financial Accounting
Reference no: EM131260909

1) What are long-term care insurance benefits? What is the criteria for exclusion? How is the exclusion calculated? (Please give as much bakground information and examples as possible)

2) What is a fringe benefit? What are the different types? How is this a tax benefit for those that receive them?

Reference no: EM131260909

Questions Cloud

Compute the unit product cost for one barbecue grill : Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $210. Data for last year’s operations follow: Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill..
What is the acquisition cost of each asset : To add to his growing chain of grocery stores, on January 1, 2016, Danny Marks bought a grocery store of a small competitor for $520,000. An appraiser, hired to assess the acquired assets' values, determined that the land, building, and equipment had..
Determine the acquisition cost of the equipment : On January 1, 2016, Ruby Company purchased a piece of equipment with a list price of $60,000. The following amounts were related to the equipment purchase: Terms of the purchase were 2/10, net 30. Ruby paid for the purchase on January 8. Determine th..
Variable costing contribution format income statement : During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: Prepare a variable costing contribution format income statement for each year. Reconcile the absorption costing and the va..
What are long-term care insurance benefits : What are long-term care insurance benefits? What is the criteria for exclusion? How is the exclusion calculated? (Please give as much bakground information and examples as possible). What is a fringe benefit? What are the different types? How is this..
Budget variance analysis : The actual quantity of material used was 31,000 with an actual cost of $7.75 per unit. The actual labor hours were 33,000 with an actual rate per hour of $15. In your budget variance report, discuss each variance. What does the variance tell you? In ..
Recording petty cash account transactions : Recording Petty Cash Account Transactions. During March, Anderson Company engaged in the following transactions involving its petty cash fund: On March 1, Anderson Company established the petty cash fund by issuing a check for $1,500 to the fund cust..
Long-term investment property as short-term property held : As of January 20, 2015, preliminary financial statement numbers for the year ended December 31, 2014, have been compiled. It looks like Chiso will violate the current ratio loan covenant. Violation could be very costly in two ways. Reclassify "long-t..
Characteristics do not belong to process costing : A job order cost system would be appropriate in the manufacture of: Which of the following is not one of the three types of inventories of a manufacturer? Which of the following represents the accumulated manufacturing costs of jobs started but not y..

Reviews

Write a Review

Financial Accounting Questions & Answers

  How transactions qualify as business expense deductions

To begin your discussion, explain how transactions qualify as business expense deductions and provide examples. Based upon your knowledge of deductible business expenses and through research, address the following scenario as Mr. Gerbeuses tax adviso..

  Business transaction-repayment of the principle

Jack is a cash basis, calendar year taxpayer. Jack borrowed $10,000 from Tom in 2010 in a business transaction. The terms of the loan called for Jack to pay annual interest at 6% with the principle due in December of 2015.  What amount would Jack rec..

  Difference between an agreement and a contract

What is the difference between an agreement and a contract? What is the difference between an offer and a contract? If you sign a purchase agreement to buy a house but do not give the seller a deposit and, after signing, change your mind before you m..

  Journal entries for prepaid expenses- insuranceprepaid

journal entries for prepaid expenses- insurance.prepaid expenses- insurancea use the horizontal model or write the

  Balance sheet of the captain jet inc

Balance sheet of the Captain Jet Inc

  Traceable to specific units of product

Current information for the Healey Company follows: Beginning raw materials inventory $15,200 Raw material purchases 60,000 Ending raw materials inventory 16,600 Beginning work in process inventory 22,400 Ending work in process inventory 28,000 Direc..

  Question1 barbara is considering investing in a stock and

question1. barbara is considering investing in a stock and is aware that the return on that investment is particularly

  Balance sheet for salary and payroll taxes are

Beau Brentley earned $60,000 in 2009 from his job at Bridgestone Tires. He had 15% of his gross pay withheld for federal income taxes, 6.2% withheld for FICA Social Security taxes, and 1.45% withheld for Medicare taxes. Assuming Beau is not paid anyt..

  Kept as ending balance infinished goods inventory

Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percentof the futons to be sold in the next month are produced and kept as ending balance infinished goods inventory. The planned selling price is $150 per unit.

  Putting human capital on the balance sheet

Putting human capital on the Balance Sheet would violate the:

  Calculation of break-evenmolly dymond and kathleen taylor

calculation of break-even.molly dymond and kathleen taylor are considering the probability of teaching swimming to kids

  Why do liquidations usually result in losses for creditors

Why do liquidations usually result in losses for the creditors or the owners, or both? Would partial liquidation or liquidation over a period limit their losses? Explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd