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Yes all of your gross wages and work related tax that the employer is required to pay and any benefits that the business owners furnish you with would be a deductible expense if they are ordinary and necessary expenses of the business operation.
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Drawings in balance sheet?
Drawing is contra account for owners withdrawals and shown as a deduction from owners equity of all owners withdrawals from business from time to time.
Are withdrawls listed on the income statement?
Withdrawals are those amount which taken out from business by owners of business and it is not part of income statement rather it is shown as deduction from owners capital in balance sheet.
Non business bad debt deduction?
Non business bad debt deduction for what? if anything, the IRS will try to collect tax on it, considered as income
Are emplyers required to deduct payroll taxes for employees?
Yes. There are rules formulated for deduction of taxes from employees and depositing the deducted taxes with the government.
What does FICA deduction consists of?
The FICA deduction [since 1990] is 6.2% for employees and 6.2% for employers and is the principal funding source for Social Security benefits.
Drawings in balance sheet?
Drawing is contra account for owners withdrawals and shown as a deduction from owners equity of all owners withdrawals from business from time to time.
Are withdrawls listed on the income statement?
Withdrawals are those amount which taken out from business by owners of business and it is not part of income statement rather it is shown as deduction from owners capital in balance sheet.
What are micro-entrepreneurs?
Owners of a small business with fewer that five employees.
What are examples of controllable factors in business?
Owners, Employees, Customers and Managers.
Is Winco a franchise business?
No. It is a corporate business. However, employees are part owners as they get company stock.
Who is responsible for a business?
The organization responsible for businesses. And also owners and employees who worked there should responsible for business.
What is maximum prosperity?
It is larger dividends for business owners and larger wages for employees.
Does an employer make employee pay their business tax?
Employees do the work that generates the profits which allow their employer to pay taxes. But you will not find a deduction on the employees pay stub which reads, this amount deducted from your pay to cover your employer's business tax.
Characteristics of a good business?
A good business has commitment to its employees and customer and is ambitious and risk taker. A good business takes time to train their employees for the betterment of the business. To have a good business, the owners itself has to have positive attitudes and good behavior to be able to maintain good relationships with its customers and employees.
Is morally right for business owners to impose their religious orientation no their employees?
In most countries the answer would be "No".
Is it morally right to the business owners to impose their religious orientation on their employees?
No, it is not morally right for business owners to impose their religious orientation on their employees. Employees should have the right to their own beliefs and should not be discriminated against based on their religious views. Business owners should respect the diversity of their workforce and create an inclusive environment.
How can you be eligible for the P F deduction?
Eligibility for P.F. deduction is when an organization has 20 or more employees working.
