which statement is true of recording tips with quickbooks online payroll? quickbooks online payroll can automate split-tip calculations quickbooks online payroll can process both cash tips and paycheck tips paying tips out in cash will credit cash on hand and debit a tip expense account automatically quickbooks online payroll credits a paycheck tips account for the actual tip, debits tax liabilities for the taxes on the tip, and debits cash for the amount paid out

Answers

Answer 1

The statement that is true of recording tips with Quickbooks Online Payroll is: Quickbooks Online Payroll credits a paycheck tips account for the actual tip, debits tax liabilities for the taxes on the tip, and debits cash for the amount paid out.

QuickBooks is accounting software designed to help companies monitor their expenses, generate invoices, and track their financial transactions. It's suitable for businesses of all sizes and industries, including retail, manufacturing, and nonprofit organizations.

QuickBooks Online Payroll is a payroll management software that automates a company's payroll processing. QuickBooks Online Payroll assists with calculating, paying, and filing payroll taxes, employee payroll, and reimbursing employee expenses.

Paycheck tips account is an account that keeps track of the amount of money given as tips to employees that are added to their payroll check. The amount of tax that a company owes to the government is referred to as tax liability. A company may have several types of tax liabilities, including payroll taxes, sales taxes, and income taxes. When tips are recorded with QuickBooks Online Payroll, the paycheck tips account is credited for the actual tip, and the tax liabilities are debited for the taxes on the tip. Additionally, cash is debited for the amount paid out to the employee.

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Related Questions

who's birthday is in september?

Answers

Answer:

hii

Explanation:

not mines mines in January

Operations management is only about being as cost-effective as possible.
O True
O False

Answers

Answer:

True

Explanation:

Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.

In terms of SUPPLY, what factors have contributed to the fall in oil prices?

Answers

Current supply and output. Until recent years, Organization of Petroleum Exporting Countries (OPEC) often set supply through a quota system.

A state charges a 7% sales tax on non-grocery items.

What is the sales tax when purchasing $125 of non-grocery items?

Enter your answer as a dollar value, like this: 56.78

Answers

Answer:

$8.75

Explanation:

The sales tax is on non-grocery  is 7%

Sales tax on an item costing $125 will be

=7% of $125

=7/100 x $125

=0.07 x $125

=$8.75

PLEASE HELP
1. What is the name of the company? (1.0 points)


2. Is this mainly a product-based or service-based business? (1-2 sentences. 2.0 points)


3. What products or services is the company best known for? (2-3 sentences. 2.0 points)


3. Where does this company sell its products or services? (2-4 sentences. 2.5 points)


4. Describe at least two of this company's competitors. (2-4 sentences. 2.5 points)


5. How did the entrepreneur make the business different from other companies, especially its competitors? Describe at least one way. (2-4 sentences. 2.5 points)


6. What things has the entrepreneur or company done to help the community? Describe at least one example of this. (2-4 sentences. 2.5 points)


7. Why do you think this company became successful? Describe at least one reason. (2-4 sentences. 5.0 points)


8. What challenges has the company faced? Describe at least one challenge. (2-4 sentences. 5.0 points)

Answers

Based on the information given, the company that's chosen is Tesla and it's a product-based company.

What is Tesla?

The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.

The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy

Lastly, the main challenge faced by the company is rising material costs.

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Which situation best illustrates the role of businesses in the circular flow of
goods?
A. A website sells products from many different companies.
B. A company manufactures a new type of truck.
C. A student gets a part-time job to help pay her bills..
D. A mill produces lumber used to build new houses.

Answers

The situation which best illustrates the role of businesses in the circular flow of goods is:

(B) A company manufactures new type of truck

The circular flow of goods describes a market situation in which a specific company in a market system produces a new line of products that differs from their usual production line. The circular flow model depicts how money flows in an endless loop from producers to households and back again. In an economy, money flows from producers to workers as wages and then back again as workers spend money on goods and services. Money and goods exchanged in a closed circuit have the same value but flow in the opposite direction.

With this in mind, we can see that the answer choice which correctly illustrates this is manufacturing of new type of truck.

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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

You run a school in Florida. Fixed monthly cost is $5,877.00 for rent and utilities, $5,910.00 is spent in salaries and $1,334.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $660.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,200.00, salaries to $6,892.00 and insurance to $2,185.00 per month. Variable cost per student will increase up to $189.00 per month. However you can charge $1,018.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the new charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. You run a school in Florida. Fixed monthly cost is $5,397.00 for rent and utilities, $6,383.00 is spent in salaries and $1,367.00 in insurance. Also every student adds up to $94.00 per month in stationary, food etc. You charge $670.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,699.00, salaries to $6,633.00 and insurance to $2,281.00 per month. Variable cost per student will increase up to $184.00 per month. However you can charge $1,170.00 per student. How much do you currently charge per student?

Answers

The new current charge per student is $1018.00

The percentage increase in the new charge is 152.76%

The current charge per student is $660.

To calculate the new charge per student, we need to add up the fixed costs and the variable costs per student. The fixed costs in the new location will be $10,200 + $6,892 + $2,185 = $19,277.

The variable costs per student in the new location will be $189, so the total cost per student will be $19,277 + $189 = $19,466.

Therefore, the new charge per student will be $1,018.

To calculate the percentage increase in the new charge, we need to divide the new charge by the old charge and multiply by 100%. This gives us:

(1018 / 660) * 100% = 152.76%

The new charge is 152.76% higher than the old charge.

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explain advertisement

Answers

Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.

Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan

Answers

It is the 529 plan to save money for college.

Answer:

It is the 529 plan to save money for college.

Explanation:

The emphasis of the Second New Deal was on a.economic recovery, creating government programs to address the immediate needs of the unemployed. b.protecting the rights of businesses, especially small businesses. c.economic security, in an effort to protect Americans against poverty and unemployment. d.civil rights for African-Americans.

Answers

The correct answer is A) economic recovery, creating government programs to address the immediate needs of the unemployed.

The emphasis of the Second New Deal was on economic recovery, creating government programs to address the immediate needs of the unemployed.

The Second New Deal included new programs to extend federal aid and stimulate the nation's economy, such as the Rural Electrification Administration.

In the decade of 1930s, rural America had no electricity and clear water. The Rural Electrification Administration hired Lester Beall, a graphic designer that created a series of posters describing the benefits of electrification for the communities.

Another example is President Roosevelt’s works progress administration of 1935 that considered many infrastructure programs for the benefit of the U.S. citizens. He also considered the Federal Project Number One. This was a program aimed to help writers, musicians, and artists. Roosevelt aimed to get jobs for these people in order to entertain the American citizens during those difficult times.

Is marketing hard? and it is stressful or can give you an anxiety?​

Answers

Answer:

yes yes yes yes yes

Explanation:

There is so much pressure and things at stake that sometimes you feel like everything's gonna go wrong.

How does industrial education affect industries?​

Answers

Answer:

Industrial education will help student to know and understand industry demand. ... First, adaptability is a skill will help students to know and understand industry work and world, such as how to use technology, follow all industry SOP, all new chalanges industry, etc. Second, communication is an important skills to had.

The person before me already gave an answer so what’s the point if I do it

which theory of economics believes the only way to increase economy growth is to remove regulations and lower taxes?

Answers

Answer: Supply Side Theory.

Which of the following should employers prevent in order to ensure the safety and health of workers in regards to machine guarding?

A) Providing employees with safe tools and equipment

B) Providing employees with personal protective equipment

C) Allowing workers to use a machine without training

D) Ensuring employees are trained in hazard recognition
———————————————
Which of the following types of machine guard is generally preferred because of its simplicity and durability?

A) Interlocked
B) Fixed
C) Self-adjusting
D) Adjustable

Answers

Answer:

1st C 2nd one B

Explanation:

Answer:

1.) C         2.) B

Explanation:

alain and chanel recently graduated from college. alain has a degree in computer science and chanel has a degree in accounting. alain and chanel are hired by packerland company and are placed into the information technology and accounting departments, respectively. which type of departmentalization does this scenario best represent?

Answers

Functional departmentalization type of is represent in this given question. Dividing into activities based on the tasks completed. Activities can be categorized based on their functions.

What is Functional departmentalization ?

Dividing into activities based on the tasks completed. To achieve economies of scale, activities can be categorized by function (the work being done). Employees with similar expertise and skills can be placed together in departments like human resources, IT, accounting, manufacturing, and logistics. All kinds of companies can benefit from functional departmentalization. Activities organized into groups based on an enterprise's purpose.

Popular departmentalization patterns:

Functional departmentalizationProduct departmentalizationcustomer departmentalizationGeographic departmentalizationprocess departmentalizationDivisional departmentalization

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In the short run, a firm should operate when it is losing money, so long as the firm’s marginal revenue is above average variable cost. In this situation, continued operation enables a firm to cover all of its variable cost and some of its fixed cost with any remaining revenue.
(If the company cannot cover all of its variable cost, it is losing more money by continued operation than by shutting down in the short run. This situation is described in the last line of the table.)

Answers

A firm should operate in the short run when losing money if its marginal revenue is above average variable cost: as it enables the firm to cover variable costs and some fixed costs, thus minimizing losses.

In the short run, a firm should continue to operate even if it is losing money, as long as the marginal revenue exceeds the average variable cost. This situation allows the firm to cover all of its variable costs and contribute towards some of its fixed costs with the remaining revenue. By doing so, the firm minimizes its losses in the short run, as opposed to shutting down and bearing the full burden of its fixed costs.

If a company cannot cover all of its variable costs, it is losing more money by continuing to operate than by temporarily shutting down in the short run. In this case, the firm's marginal revenue is not enough to cover the average variable cost, making it economically unviable to continue operations. The firm should reevaluate its cost structure, pricing strategy, and market conditions to determine if it can become profitable in the long run.

In summary, a firm should operate in the short run when losing money if its marginal revenue is above average variable cost, as it enables the firm to cover variable costs and some fixed costs, thus minimizing losses. If it cannot cover all variable costs, it is more advantageous to shut down in the short run and reassess the firm's position in the market.

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HELP!!!!!!! Draw a supply and demand graph for the given scenario

HELP!!!!!!! Draw a supply and demand graph for the given scenario

Answers

The demand shifter is the expected increase in the price of the lab coats.

The equilibrium price and quantity would increase.

What would happen to equilibrium price and quantity?

When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.

As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.

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HELP!!!!!!! Draw a supply and demand graph for the given scenario

write how vermicompost is prepared in a pit​

Answers

Explanation:

Vermicomposting pits are mainly used by farmers. These farmers dig a large hole that serves the purpose of burying worms and organic waste material. Pits made for vermicomposting are usually 1 m deep and 1.5 ms wide.

George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent

Answers

A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.

What debt-to-income ratio is too high?

Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.

What is the easiest debt-to-income ratio for a mortgage?

Ideal debt-to-income ratio for a mortgage

In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.

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write me a 8 sentence pitch or more for a donut shop

Answers

Answer:

come down to our donut shop. please come down and get some donuts. we sell the best donuts here. thank you for your consideration.

we hope you enjoy our donuts.

Explanation:

haha


Which of the following is not an example of professional behavior
?

Answers

What are the answers?

.Telling an abusive joke about an ethnic group may not be unlawful, but it is ___________ .

Answers

Telling an abusive joke about an ethnic group may not be unlawful, but it is unethical.

While telling an abusive joke about an ethnic group may not be illegal in some jurisdictions, it is widely considered to be unethical and harmful. Such jokes can perpetuate harmful stereotypes and contribute to a culture of discrimination and prejudice. Additionally, such jokes can be hurtful to individuals who belong to the targeted group and can create a hostile environment for them.

Therefore, while telling such jokes may not result in legal consequences, it is important to recognize the harm that they can cause and to refrain from engaging in such behavior. Instead, individuals should strive to promote respect and understanding for all people, regardless of their ethnicity or background.

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I want to buy a car in one year by saving at least $500 a month from my paycheck for the next year. This is a
goal.
Obroad
SMART
O neither
Next
Submit
Mark this and return
Help

Answers

Answer:

SMART goal

Explanation:

The term SMART as used in an objective setting is an abbreviation for Specific, Measurable, Achievable, Realistic, and Timely. It describes a goal that has all the components of the abbreviations. The goal has to have

Specific: Well defined, clear, and unambiguousMeasurable: With particular criteria that evaluate progress made in achieving the goalAchievable: Attainable and not impossible to accomplishRealistic: Within reach  and relevant to lifeTimely: Has a clearly defined timeline, including a starting date and a target date.

The goal, as stated in the sentence, meets the above criteria. The objective is clear; progress can be determined; it is achievable and realistic. The timelines are well defined.

The City of Greystone maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations: A. The City levied property taxes for the current fiscal year in the amount of $8,000,000. At year-end, $720,000 of the taxes had not been collected. It was estimated that $330,000 of that amount would be collected during the 60 days after the end of the fiscal year and that $250,000 would be collected after that time and the balance would be uncollectible. The City had recognized the maximum of property taxes allowable under modified accrual accounting. $179,000 of property taxes had been deferred at the end of the previous year and was recognized under modified accrual as revenue in the current year. In addition to the expenditures allowed under modified accrual accounting, the city computed that an additional $72,000 should be accrued for compensated absences. In the Statement of Revenues, Expenditures, and Changes in Fund Balances, General Fund transfers out included $400,000 to a debt service fund and $270,000 to a special revenue fund. General Fund transfers in included $1,000,000 from an enterprise fund.

Answers

These journal entries represent the necessary adjustments to account for the given situations in preparing the government-wide statements.

To prepare the necessary worksheet adjustments for the given situations, the following journal entries can be made:

A. Adjusting entry for property taxes:

Property Tax Receivable - Current Year $720,000

Allowance for Uncollectible Property Taxes $500,000

Estimated Property Tax Revenue $220,000

Explanation: This entry recognizes the uncollected portion of the property taxes ($720,000) as a current asset (Property Tax Receivable - Current Year) and estimates the uncollectible portion ($500,000) as an allowance. The remaining amount ($220,000) is recognized as revenue.

B. Adjusting entry for deferred property taxes:

Deferred Property Tax Revenue $179,000

Property Tax Revenue $179,000

Explanation: This entry recognizes the deferred property taxes ($179,000) from the previous year as revenue in the current year.

C. Adjusting entry for compensated absences:

Compensated Absences Expense $72,000

Compensated Absences Payable $72,000

Explanation: This entry accrues the estimated compensated absences expense ($72,000) as an expense and creates a liability (Compensated Absences Payable).

D. Adjusting entry for fund transfers:

Debt Service Fund Transfer In $400,000

Special Revenue Fund Transfer In $270,000

General Fund Transfer Out $670,000

Explanation: This entry adjusts the fund transfers by recording the transfers into the General Fund from the Debt Service Fund ($400,000) and the Special Revenue Fund ($270,000). The total transfer out from the General Fund is reduced by the net transfer amount ($670,000).

E. Adjusting entry for enterprise fund transfer:

General Fund Transfer In $1,000,000

Enterprise Fund Transfer Out $1,000,000

Explanation: This entry records the transfer of $1,000,000 from the Enterprise Fund to the General Fund.

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The lead of a screw is the distance that the screw advances in a straight line when the screw is turned 1 complete turn. If a screw is 2 inches long and has a lead of inch, how many complete turns would get it all the way into a piece of wood?

Answers

Answer:

20 turn

Explanation:

CHECK THE COMPLETE QUESTION BELOW

The lead of a screw is the distance that the screw advances in a straight line when the screw is turned 1 complete turn. If the screw is 2 1/2 inches long and has a lead of 1/8 inch, how many complete turns would get it all the way into a piece of wood?

From the question, the screw is 2 1/2 inches long which is the LENGTH , we can convert this to Fraction, which is called an improper fraction, by multiply the denominator (2) by the whole number(2) then add to the numerator (1) all over denominator= [(2×2)+1]/2 = 5/2

The number of turn= Lenght of the screw / lead of the screw

=( 5/2inch)/(1/8inch)

= 5/2 ÷1/8

5/2×8/1

=40/2

=20

Therefore, the complete turns it would get it all the way into a piece of wood is 20 turn

Fill in the gaps using second conditional. /2
If she (know) __________ the answer, she would win the prize.
If I (be) ___________ a rich man, I would buy a Mercedes Benz.
They would stay longer, if they (has) _________ more time.
If I (understand) __________ what the teacher said, I could tell you.​
plz tell hurry

Answers

Answer:

knew

were

had

understood

The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management. Group of answer choices True False

Answers

TRUE, The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management.

A contact manager is a software program that allows users to easily store and retrieve contact information such as names, addresses, and phone numbers. These are contact-centric databases that provide a fully integrated approach to tracking all contact-related information and communication activity.

Contact management is the process of storing and tracking data about customers and leads. In addition to providing quick access to customer data, investing in contact management can help grow and diversify your customer base.

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Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer

Answers

Exclusive right to sell listings: The agreement pays the agent regardless of whether the seller of the property is the agent or the seller.

Sole agency list: Agents are only paid when they sell properties in this type of arrangement. No commission is charged if only the owner sells the property.

Open list: In this type of contract, the seller has the right to use as many brokers as they wish. However, the seller is not obligated to pay these if the property is sold without the help of an intermediary. Net listing:

This type of agreement may be illegal in your state. Agents can keep whatever they can get their hands on for more than the owner's desired selling price.

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A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax

Answers

A regressive tax is a  tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.

What is regressive tax?

When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.

Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.

Thus, option D is correct.

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Other Questions
Read this excerpt from We Beat the Street."You're right, man," George said. "But I don't want to teachI want to be a doctor or nurse or something medical.""I don't even know what you have to do to become something like that," Sampson said honestly."I don't either," George said. "But I figure you need big piles of money and about a million years to spend in college."How do Georges career goals at the beginning of the story compare to his goals at the end of the story?He still wants to be a doctor at the end of the story, but he no longer believes that becoming a doctor is an impossibility.He still does not understand the hard work that goes into becoming a doctor at the end of the story, but he is no longer willing to try.He does not know what he wants to do with his life at the beginning of the story, and he still struggles with this at the end.He has clear ideas about how to achieve his goals at the beginning of the story, and he still has these ideas at the end. A student needs 3.002 mol of silicon dioxide for an experiment. What mass of silicon dioxide (in grams) should the student obtain Goal is to soccer field as poylp is to? SOH CAH TOAI don't understand this stuff I have a test coming up can someone pls help me with this i am stuck A bond has a coupon of 5.5% and it pays interest semiannually. With a face value of $1000, it will mature after 10 years. If you require a return of 10% from this bond, how much should you pay for it? Group of answer choices655.90684.58719.6750.76 Compare postsecondary education and training. what is the attitude of the interviewer, terry gross, toward john lewis? They __________________win the race if they really try their best. What is 625x25 what is the answer to this problem Please help!! I need to know this by today! What is the value of x?x + 5XX-2x + 1 What is the value of t in the equation 3(2t + 5) = 5t + 20? (4 points) a5 b6 c10 d35 The main purpose of a rhetorical text is topresent information about a controversial issue.use language that appeals to readers emotions.change readers perspective or convince them to act.provide a well-supported counterpoint to a writers claim. when the string breaks, what forces should sylvia tell jadon are acting on the puck, neglecting air resistance? (select all that apply.) Peter, who is the owner of a Wagon R, publishes an advertisement on Ikman. Ik for the sale of his vehicle quoting a price of LKR 3,500,000=. John calls Peter and says that he agrees to buy the Wagon R for the quoted price by way of a "Crossed Cheque." Peter replies John and says that he no intention of selling the Wagon R even though he published an advertisement on Ikman. Ik Discuss the application of law of contracts relating to offer and acceptance as well as law relating what does the them fate vs free will mean? A boy gets 560 marks out of 700. What is the percentage of his marks? Pablo assured his team that he would advocate for them to receive a much-deserved pay increase. However, when pablo met with the ceo, he prioritized funding for new equipment over the raises. On which aspect of trust did pablo fail?. 3 of the 4 points below lie in a straight line.Which point does NOT?O (-2,-3)(2,1)O(-4,-2) O (0,0) 2,11,20,29What is the explicit formula Plz hurry fast!!!