User Account

All Pages

Why there are no taxes paid

Assignment Help Financial Management
Reference no: EM132319460

Question

You have just been hired as a manager of ABC Company. Your first week on the job you are asked by upper management to review payroll. You notice the company is not paying any taxes but there are a handful of individuals who are receiving checks from the company.

You ask the payroll director why there are no taxes paid and he states that all of the workers are considered independent contractors. What would you do in this case?

Reference no: EM132319460

Questions Cloud

What disposition should be made of this balance : Explain why and what possible explanations could be for this? What disposition should be made of this balance? Any help would greatly appreciated.
Opening a can of soup to feed families : Why is Brazilian women, so proud and would not seriously consider opening a can of soup to feed their families?
Countries with a different language : Why is language a significant deterrent for companies that try to expand to countries with a different language?
How would you detect the overstatement of asset : How would you detect the overstatement of asset Improper Asset Valuations? And how would you prevent it?
Why there are no taxes paid : You ask the payroll director why there are no taxes paid and he states that all of the workers are considered independent contractors.
Why abc company has selected the allowance method : The Board of Directors has asked you to explain the method used to handle uncollectible Accounts Receivables.
Explain how this could dramatically affect food webs : Given that climate change is rapidly altering many species' habitats, forcing some to die or migrate, explain how this could dramatically affect food webs
Determine the potential human resources benefits : Determine the potential human resources benefits of offering child and elder care in the organization - Explain work-life balances regarding achieving
What is working capital : Calculate how much working capital a corporation have with a current ratio of 4 and 50 million dollars in short-term debt has.

Reviews

Write a Review

Financial Management Questions & Answers

  Nominal annual rate should she quote to her credit customers

Nominal Rate of Return Anne Lockwood, manager of Oaks Mall Jewelry, wants to sell on credit, giving customers 3 months to pay. However, Anne will have to borrow from her bank to carry the accounts receivable. The bank will charge a nominal 6% and wil..

  Maximum lease payments that would be acceptable to company

What is the NAL for Chevron Company? What is the maximum lease payments that would be acceptable to the company?

  What is the invoice price for the bond using settlement

What is the value of a semi-annual interest bond with 8 years to maturity, 5% annual coupon, $1,000 par value, and currently priced to yield 4.3%. Suppose that you are interested in buying a bond that pays interest semi-annually. It has an annual cou..

  Does the seller need to hold the stock for any certain time

Does the seller need to hold the stock for any certain period of time in order to achieve capital gain treatment?

  Which of the two bonds has more price risk

Which of the 2 bonds has more price risk, and which has more reinvestment risk?

  How many shares does it have after the recap

Dye Trucking raised $240 million in new debt and used this to buy back stock. how many shares does it have after the recap?

  What constant rate is the stock expected to grow

Nonconstant growth Mitts Cosmetics Co.'s stock price is $73.60, and it recently paid a $1.00 dividend. This dividend is expected to grow by 30% for the next 3 years, then grow forever at a constant rate, g; and rs = 16%. At what constant rate is the ..

  Describe how consumers make economic decisions

Use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics.

  Arithmetic and geometric returns for the stock

A stock has had returns of −18.8 percent, 28.8 percent, 21.6 percent, −9.9 percent, 34.6 percent, and 26.8 percent over the last six years. What are the arithmetic and geometric returns for the stock?

  Calculate the ear for first national bank

First National Bank charges 16.7 percent compounded monthly on its business loans. Calculate the EAR for First National Bank.

  The higher the companys dividend growth rate

Because investors like dividends, the higher the company's dividend growth rate, the lower the company's cost of common equity. If a project is acceptable using the NPV criteria, it will also be acceptable when using the profitability index and IRR c..

  What is target stock price in one year

Using the company's historical average PE as a benchmark, what is the target stock price in one year?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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