Both high-income and low-income employees are covered by cafeteria plans. Under such plans, all employees may select
Question:
a. Which group of employees is more likely to choose nontaxable fringe benefits in lieu of cash? Explain.
b. Is this result desirable from a social or economic point of view? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
a Highincome employees are more likely to select nontaxable ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
Question Posted:
Students also viewed these Business Law questions
-
From a list of stock mutual funds, 52 funds were selected at random. Of the funds chosen, it was found that 19 required a minimum initial investment under $1,000. (a) Construct a 90 percent...
-
From a list of the 729 people who went on a cruise, 25 were randomly selected for interview. Of these, 21 said that they were very happy with the accommodations. a. What percent of the sample said...
-
From a list of 15 preferred stocks recommended by your broker, you will select three to invest in. How many different ways can you select the three stocks from the 15 recommended stocks?
-
Find keys K such that DESK (DESK (x)) = x, for all x Such a key is sometimes called a weak key. How many weak keys can you find? To solve this problem you need to look up the exact key schedule...
-
If assets are at fair market value in the balance sheet, the income reported from those assets in the income statement does not give any information about the value of the assets. In this correct?
-
Why is passion such a critical part of entrepreneurial success? Prims founders were apparently passionate about building a company but not the laundry business specifically. In what ways is this...
-
In spring 1989, Michael Jordan and the Chicago Bulls were in Indianapolis, Indiana, to play against the Indiana Pacers. At the same time, Karla Knafel was singing with a band at a hotel in...
-
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6...
-
A quadratic Bezier curve is defined by 3 points (PO, P1 and P2 The curve starts at PO and stops at P2. Other points are defined as P(t) in terms of t, PO, P1 and P2. Find point positions in curve for...
-
An economist wishes to summarize sample data from 26 metropolitan areas in the United States. The following table lists a portion of each areas 20102011 median income as well as the monthly...
-
Several years ago, Brian formed Sigma Corporation, a retail company ineligible for the U.S. production activities deduction. Sigma uses the accrual method of accounting. In 2013, the corporation...
-
On January 5, 2013 Rita left the United States for Germany, where she had accepted an appointment as vice president of foreign operations. Her employer, USA Corporation, told her the assignment would...
-
On February 3 the Teel Corporation enters into a subscription contract with several subscribers for 5,000 shares of $10 par common stock at a price of $16 per share. The contract requires a down...
-
XYZ manufactures A and B from a joint process cost = = $ 6 0 , 0 0 0 . 6 0 , 0 0 0 . Three thousand pounds of A can be sold at split - off for $ 2 0 2 0 per pound or processed further at an...
-
A company produces & sells a single product and has the following details SP / / unit Rs 2 0 2 0 VC / / unit Rs 1 2 1 2 F . . Expenses pa Rs 8 0 0 0 0 0 8 0 0 0 0 0 a . . Find PV Ratio & BEP both in...
-
Talando Ltd. sells building technology products. The Cost Accounting System of the past year can be found below. The cost centers were allocated to the cost objects with the following key: Purchasing...
-
A student practicesher tennis volleys by hitting a tennis ball against a wall. ( ( a ) ) If the 0 . 0 6 0 0 . 0 6 0 kg ball travels 4 8 4 8 m / / s before hitting the wall and then bounces directly...
-
Bob and Jimmy are the elite 2-man Jamaican bobsled team. At the beginning of the race, Bob pushes the sled from behind with a force of 500 N angled 27 below horizontal. Jimmy pushes with a purely...
-
Create a referential integrity constraint on OwnerID in PET. Assume that deletions should cascade PET_OWNER (OwnerID, OwnerLastName, OwnerFirstName, OwnerPhone, OwnerEmail) PET (PetID, PetName,...
-
The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Accounts...
-
What are extraordinary personal services? Why are they important in determining whether a rental activity is treated as a passive activity?
-
In 2012, Fred invested $50,000 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership losses is $35,000 in 2012 and $25,000 in 2013, how...
-
Dorothy acquired passive Activity A in January 2008 and Activity B in 2009. Through 2011, Activity A was profitable, but it produced losses of $200,000 in 2012 and $100,000 in 2013. Dorothy has...
-
2) Consider the following classes: public interface Vehicle{} public class Car implements Vehicle{} public class Toyota extends Car () and the following declarations: Object obj = null; Vehicle v =...
-
response. Design an adaptive filter and check the frequency Try different length of w(n), identify plant H. Try different input signals x(n), such as: white noise, chirp signal and other signals we...
-
8) Compute the tax liability for each of the following taxpayers, including any child tax credit: a) Norm and Nancy, both ages 46, are married, have two qualified children (ages 13 and 14), and file...
Study smarter with the SolutionInn App