4) You worked from 11:00 a.m. to 5:00 p. m. on Tuesday.
You worked from 8:00 a. m. to 4:00 p.m. on Wednesday.
How many hours have you worked?

5) Your annual salary is ,500.00. What is your monthly salary?

6) Your weekly salary is 0.00 plus 8% of your total sales of ,275.00. Calculate your weekly salary.

7) 65% of 800 is what amount ?

75 % of what number is .00?

9) What percentage of 0.00 is 6.00 ?

10) Change 15% to a decimal.

11) Your employer withholds 25% of your salary (for income tax, social security, medicare). Your weekly salary is 0.00 . What will be withheld by your employer ?

12) You make ,500.00 . Your state tax rate is 1 ½ % . You have two allowances ( exemptions ) . Each allowance is ,300.00 . How much do you owe ?

13) Your gross weekly pay is 0.00 . Your Medicare rate is 1.45 %. What is your Medicare deduction ?

14) Your employer takes 8.65 % of your check for Social Security and Medicare .
You make ,800.00 gross pay. What does your employer take or deduct ?

15) The annual healthcare cost for each employee is ,900.00 .
Your employer pays 80% . What do you pay ?

16) The annual healthcare cost for each employee is ,800.00 .
You pay 50% of this and get paid monthly . What is deducted from your paycheck each month?

17) Find the average of the following numbers.
,500.00 ,500.00 ,500.00
,500.00 ,500.00

19) The average of your last five years is ,500.00 . Your pension is 60% of this average.
What is your pension?

20.)Find the total monthly expenses
Monthly living = 5.00
Monthly fixed = ,278.00
Annual Expenses = ,400.00

21) You have made a purchase of .75 .
The state sales tax is 7% and the county tax is 1.25% .
The total tax is ______ and the total purchase price is _______.

22) You have purchased three pounds of hamburger for .97 .
The unit price is_______.

23) Which is the better buy ?
A 20 oz. Bag of chips for .00 or
a 10 oz. Bag for .50 .

24) A purse has a price tag of .99 . It is on sale at a 25% discount .
What is the sales price ?

25) Your business buys a product for 0.00 . Your business model tells you to mark up your product 33% . How much is the markup ?

…and elimination of deductions.

Let’s start with:

-eliminating the mortgage deduction (A brilliant move during a housing slump)

-eliminating deductions for charitable donations

-eliminating deductions for health care (exempting unions of course. Is that fair? Obama has to pay back the unions that supported him though)

-cap and trade (not a tax per se but will have the same effect. Do you think businesses will pass the increase on to you?)

-VAT tax (A federal sales tax on all purchases)

What else you got?
Oh yeah. Letting the top tax rates go back up for individuals earning over 0,000.

And raising the corporate tax rate.

…and elimination of deductions.

Let’s start with:

-eliminating the mortgage deduction (A brilliant move during a housing slump)

-eliminating deductions for charitable donations

-eliminating deductions for health care (exempting unions of course. Is that fair? Obama has to pay back the unions that supported him though)

-cap and trade (not a tax per se but will have the same effect. Do you think businesses will pass the increase on to you?)

-VAT tax (A federal sales tax on all purchases)

-Letting the top tax rates go back up for individuals earning over 0,000( Bush tax cuts expire)

-And raising the corporate tax rate.

What else you got?
Melissa you have your head so far in the sand it’s amazing you can come up and use a computer

1) goodwill can be recorded?
a-when customers keep returning because they are satisfied with the companys products.
b-when the company acquires a good location for its business
c-when the company has exceptional management
d-only when there is an exchange transaction involving the purchase of an entire business

2)denton company incurred 0,000 of research and development costs in its lab to develop a new product. it sepnt ,000 in legal fees for a patent grandted on january 2, 2008. on july 31,2008 denton paid ,000 for legal fees in a sucessful defense of the patent. what is the total amount that should be debited to patents through july 31,2008
a-0,000
b-,000
c-0,000
d- some other amount

3) the current portion of long term debt should
a- be paid ASAP
b- be reclassified as a current liability
c- be classified as a long term liability
d- not be separated from the long term portion of debt

4) tims pharmacy has collected 0 in sales taxes during march. If sales taxes must be remitted to the state governemnt monthly, what entry will tims pharmacy make to show the march remittance?
a- sales tax expense credit for 600
cash debited for 600
b- sales taxes payable credited for 600
cash debited for 600
c-sales tax expense creidted for 600
sales taxes payable debited for 600
d- no entry required

5) milton company issused a 4 year interest bearing note payable for 0,000 on january 1, 2007. Each Jan the company is required to pay ,000 on the note. How will this note be reported on the december 31,2008 balance sheet?
a- long term debt 0,000
b- long term debt 5,000
c-long term debt 0,000 long term debt due within one year ,000
d- long term debt 5,000 long term debt due within one year ,000

6) a contingent liability need only be disclosed in the financialstatment notes when the likelihood of the contingency is?
a- reasonably possible
b- probable
c- remote
d- unlikley

7)the following totals for the month of april were taken for th payroll register of main company.
salaries ,000
FICA taxes witheld ,100
income taxes withheld ,000
medical insurance 900
deductions
federal unemployment 64
taxes
state unemployment taxes 432
7) the entry to record the payment of net payroll would include at?
a- debit to salaries payable for ,504
b- debit to salaries payable for ,000
c- debit to salaries payable for ,900
d- credit to cash for ,100

the entry to record accrual of main companys payroll taxes would include a?
a- debit to payroll tax expense for 6
b- debit to payroll tax expense for ,596
c- credit to FICA taxes payable for ,200
d- credit to payroll tax expense for 6

9) a company has the following assets:
buildings and equipment less accumulated depreciation of ,600,000
,000,000
copyrights 960,000
patents 4,000,000
timberlands, less accumulated depletion of ,800,000 4,800,000
the total amount reported under property, plant, and equipment would be
a- ,360,000
b- ,400,000
c- ,400,000
d- ,360,000

THIS IS THE LAST OFF THEM THANK YOU SO MUCH!

Budget..entitled, ironically, “A NEW ERA OF FISCAL RESPONSIBILITY

AOL News ^ | March 13, 2009, 8:02am |

Sen. Dave Gregg points out blow by blow the HYPOCRISY riddled through Obama’s Budget entitled ironically, “A New Era of Fiscal Responsibility.”

Gregg writes, “The argument that this budget doesn’t have tax increases is, I think, an Alice and Wonderland view of the budget.”

-Raising the tax rate from 35% to 42%, eliminating deductions on mortgages and on charitable deductions. Small businesses will be feel the burden the most.

-“Cutting the debt in half in four years is truly spurious, because you take the deficit and quadruple it, and then you cut it in half, that’s like taking four steps back and two steps forward. You’re not making any progress. You’re still going backwards.”

-Raising “a massive sales tax, a national sales tax on everybody’s electric bill, especially people in the Midwest and the Northeast. And what do you do with that revenue? You don’t use it to contain the size of government. You use it to expand government.

"There’s a representation that 80 percent of the first billion is going to go for your make-work-pay tax credit, but the next 20 percent goes to raise the size of the government.
And then on top of that you’re going to get another 0 billion potentially, and there’s no representation of that coming back to taxpayers."

"In fact, there’s specific language which makes it pretty clear that that’s going to be used as walking around money for various constituencies that are interested in spending it."

"They may be worthwhile constituencies, but it’s a heck of a tax burden to put on the American people.
And it represents a massive expansion in the size of government.
I guess that’s my big problem here."
ooops, I got Gregg’s first name wrong…. but I think you know about this man…. smile..
yet, its AOL… because the major news networks have been discredited as purveyers of lies..
HAM O BAM A
for the record: obama’s goons approached Gregg…… then lied to cover their behinds since obama can’t stand to loose….ego-centric

1) I bought a new car in 06 for personal use. Four months later (still in 06) I was involved in a wreck (not at fault).
Can I deduct…
A) The sales tax and other miscellaneous taxes on my car when I purchased it? (Conflicting info..one person says yes, another says no because it isn’t for business only)
B) Out-of-pocket expenses for rental fees? Or taxes only?
C) Standard depreciation?
D) Extra depreciation due to the wreck?
E) Deductible paid to body shop but not re-imbursement from insurance company not received by the end of 06.

2) Student loans. I was not a student in 2006, but was making payments on my student loans.
Can I claim..
A) Interest paid on student loans?
B) Interest paid but not claimed from previous tax years? How do I claim this if I can?
C) Hope credit or Lifetime Learning Credit?

tennessee sales tax

Nashville, Tennessee, has long been known as "Music City USA". Nashville, apart from its roots in music is a prosperous and dynamics. A variety of opportunities to build a successful career through works of Nashville.

Nashville is the capital status of volunteers. This is the second largest city in terms of population behind Memphis. In general, the metropolitan area of Nashville, which includes 13 counties, is the largest metropolitan area in Tennessee, with a population of over 1.5 million citizens.

Nashville is a major center for industries that music, health, banking, transportation, banking, and publishing. Nashville is also the basis for many major universities and colleges. Nashville has always been a driving force in the music industry. Many famous artists, star country, in particular, got his first job Nashville.

EMI, Sony Music Entertainment, Warner Music Group and Universal Music Group, as well as many other small independent labels and have offices in Nashville. Nashville is a music producer remained high for nearly 50. The music industry contributes over $ 6 billion to local economy Nashville. It is also responsible for approximately 19,000 jobs in Nashville.

Despite the significant presence of the music industry in the care Health in Nashville is the largest industry in this city. Nashville has more than 250 companies in healthcare based in the city. Caremark RX, Inc., HCA Inc., Director of Health of domestic investors and National Health Inc. are some of the leading healthcare based in Nashville.

HCA Inc. is the largest private operator of hospitals worldwide. Health industry adds more than 18 billion dollars to the local economy and nearly 94,000 jobs in Nashville.

The publishing industry works in Nashville's largest publishing center in the southeast U.S. is also among the top ten countries. Thomas Nelson is the leading publisher of Bibles and based in Nashville. The city is a major center of distribution different types of print media and books.

Nashville is also home to such Fortune 500 companies Dollar General Corporation and the Dell offices. Dollar General Corporation has more than 8,000 stores across the U.S. In late 2009, Dollar General reported a profit of over 10 billion $. Dollar General is responsible for employing more than 72,000 employees in Nashville and throughout the company in several other states.

Although Dell is based in Round Rock, Texas, which have a presence in Nashville. Dell is the manufacturer of a variety of computers and electronics such as laptops, computers, printers, smart phones, computers, servers, laptops, televisions, scanners, and more. In late 2009, Dell has won more than 60 billion dollars in revenue. All company, Dell employs about 76,500 employees.

Nashville has a dynamic economy that provides stability because of their diversity. Nashville jobs can be found in almost all fields of interest career. Cost Life is comparable to other major cities, such as salaries and wages.

For more information on Jobs in Nashville

Does anyone know the rate of sales tax% for restaurant in Tennessee?

yup:)

Affordable Computers interview for TN Tax Free Holiday 2009

I live in the United States and I’m interested to know about saving receipts to receive a tax deduction.

Is it correct to say that; any money spent that is used to generate an income or a profit is tax deductable?

Is this true?

If so, does paying for food to live a cost of business generating profits? If not, then how do some people get to do this?

If my first question is true, then what exactly do you deduct? The sales tax that was attached with a purchase? The ENTIRE purchase?

I believe that I may be asking the wrong questions, but I am rather new to filing for taxes and what-not. Thanks in advance.

I am going to operate as a sole proprietor and I am selling wholesale items. Some are drop shipped for me and some I ship myself.
I have money that i receive from an insurance company due to an injury at my previous job. Obviously that money is tax free, but can I just use that money and put that into my business checking account? How would that work?
Also, am I only taxed on the money that I receive in hand. For example, I sell an item for . I then buy it from the drop ship/wholesaler for . I made , but Paypal takes out a percentage. So lets say I am left with , am I taxed on that ?
I am having a hard time figuring this stuff out.

thanks for the help
Thanks for all the help.
So I would have to pay federal income tax of 15.4% on all net profit? And then I would have to pay back sales tax for those WI residents who purchased anything on my site?
Can someone give me an example of someone from Wisconsin buys from my site?

I purchased a truck for my business and paid 1400.00 in sales tax. I use the truck 100% for business. What I was wondering is can I take the sales tax off of my income tax or is it included in the depreciation. Also I didnt keep a record of mileage for the year. Does that make any differance.