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Q: The costs included in a contract must be evaluated to determine whether they are allowable. During this process the Government and the contractor can agree that certain costs will be considered unallo?
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Continue Learning about Accounting

What is Form 1099-r used for in the IRS?

1099R form is used to determine if the client owes or does not owe the government for the client retirement plan.


Which of the folllowing is the basic formula to determine cost of goods soldd?

Question is missing the required information and hence considered as uncleared or incomplete question.


What are the employer restrictions with a 1099 contractor?

WHEN you are a independent contractor you do NOT have an employer you are a self employed taxpayer with your own business operation and would be responsible for paying all of your social security and medicare taxes that will be due on your net profit from your business operation plus any income tax that may be due after your income tax return is completed correctly.Go to the IRS.gov website and use the search box for Topic 762 - Independent Contractor vs. EmployeeTo determine whether a worker is an independent contractor or an employee under common law, you must examine the relationship between the worker and the business. All evidence of control and independence in this relationship should be considered. The facts that provide this evidence fall into three categories - Behavioral Control, Financial Control, and the Relationship of the Parties.Behavioral Control covers facts that show whether the business has a right to direct or control how the work is done, through instructions, training, or other means.Financial Control covers facts that show whether the business has a right to direct or control the financial and business aspects of the worker's job. This includes:see link below


An example of a trade off between reliability and relevance?

Information such as the the value of the intellect of employee's may be considered relevant, but the reliability of this information is very low as it is difficult to determine a measurement for intellect.


When applying the systems engineering process to determine the optimal design solution the impact on both immediate costs and life cycle costs needs to be considered with the greatest weight placed on?

immediate costs

Related questions

Are you an employee or an independent contractor if you are paid a 1099 salary?

How you are paid does not determine whether you are a contractor. If you are properly an independent contractor, you can be paid on a 1099.


How do you determine when and under what circumstances deceit is allowable?

never!! that's a trick question which I had for one of my human service classes.


How do I determine if I need disaster insurance?

If you live in an area considered to be a flood zone by the government, flood insurance is mandated by your mortgage company and the government. If you near the coast, hurricane insurance is a good investment.


How do you determine the minimum allowable voltage between line and neutral?

The voltage between line and neutral is determined by the regulations in your country. This is specified as a nominal (named) voltage, together with its allowable variation expressed as a percentage of that nominal value. In the UK, for example, this is 230 V (+10%/-6%).


How do you add freon to ac?

You call a licensed contractor and have them check your system. If they determine that it needs freon, they can add the right punt.


Where can I find a 2 level deck plan?

You can contact a contractor in your area to get an idea of what they can do and then you can determine whether it is a project you feel you can do on your own.


Which was the best government ever?

It is subjective to determine the best government ever, as it depends on individual perspectives and values. Different governments have had their own strengths and weaknesses, and what may be considered the best government for one person could be seen as the worst for another.


What was the case Crystal Palace Football Club v walker?

It's under control test of whether somebody is an employed or self employed.


What is economic reality test?

The economic Reality Test is a test used by courts to further determine between an employee and an independent contractor. They use this mainly to determine if payroll taxes should have been paid on a person working for a business. If the contractor end up being classified as an employee, the business owes payroll taxes on the money paid to that person. If the person is determined to be an independent contractor, then the person owes income taxes on the money paid to them.


How do you determine the correct wattage or lumens needed to properly light a given size room?

Try contacting a specialized electrical lighting contractor or lighting fixture store. They should have the formulas to determine this for you.


What size should the return air grill be for a 5 ton ac unit?

Your ac contractor or engineer will determine the correct size.


Can you call your local contractor and see if you have asbestos?

A local contractor would not be able to determine if you have asbestos in your home. You would need a professional because a special microscope is needed. Asbestos is very dangerous and can lead to lung cancer and mesothiliomia.