Question: Discuss the practical reasons why the tax law authorizes the
Discuss the practical reasons why the tax law authorizes the IRS to collect un-withheld employee payroll tax from the employer rather than the employees who were liable for the tax.
Answer to relevant QuestionsA reasonable compensation problem for the sole shareholder of a regular corporation is quite different from the reasonable compensation problem for the sole shareholder of an S corporation. What is the difference? Peet Company provides free on-site day care for its employees with preschool children. Determine the pretax value of the care for each of the following employees: a. Mrs. U, who has a 33 percent marginal tax rate and who ...Ms. C paid $500 of union dues and $619 for small tools used on the job. In each of the following cases, compute her after-tax cost of these employment-related expenses. a. Ms. C’s employer paid her a $1,119 ...Mr. and Mrs. WD had the following income items: Mr. WD’s salary ……………………………………… $105,000 Mrs. WD’s earnings from self-employment …………. 50,000 The income tax deduction for Mrs. ...Mrs. LR, age 64, plans to retire this December. She estimates that the balance in her IRA will be $86,500, which she plans to withdraw to finance the purchase of a condominium. Assuming that her marginal tax rate is 25 ...
Post your question