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When a bank receives a check for payment it uses an OCR inscriber to print the amount of the check in OCR characters in the lower-right corner?
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When a bank receives a check for payment it uses an OCR inscriber to print the amount of the check in OCR characters in the lower-right corner true or false?
false
When a person receives an auto insurance settlement payment is the insurance company sending any notice of that payment to the IRS?
Payments of this kind are not taxable at all. This is considered as compensation for a loss of some kind be it injury or property.
When a company receives an invoice demanding payment for goods what 2 documents should they check before paying it?
the receiving document, the remittance advice, and the invoice
If you filed an amended return to claim your two children can you still get the 600 stimulus payment or do you have to wait and file on 2008 return?
Yes, you still can get the $600 stimulus payment for your 2007 income tax return. Form 1040X is Amended U.S. Individual Income Tax Return. Filing an amended return usually doesn't affect the stimulus payment. If the IRS receives your Form 1040X before issuing your stimulus payment, then your stimulus payment will be issued after your Form 1040X has been processed.For more information, go to www.irs.gov/newsroom for the article, 'Economic Stimulus Payment Q&As'.
When a business entity receives payment before delivering goods what is the unearned revenue account?
In accrual-based accounting, you would not recognize revenue before delivering the goods. You would typically have a liability account for "deferred revenue."
When a bank receives a check for payment it uses an OCR inscriber to print the amount of the check in OCR characters in the lower-right corner true or false?
false
Does a payee makes the payment or receives the payment?
Receives. A payee is paid (an employee is employed). A payer pays (an employer employs).
Can an artist receives payments for his tracks streamed in the internet?
Yes, depending which website it is and a contract is signed in which the aide receives payment.
What is meant by Remittee?
a remittee is a person (organisation) who receives a remittance or payment.
The payment a health care provider receives from a third party payer is a?
reimbursment
Is the legal payment date the date the transaction is initiated or the date the payee receives the payment?
The legal payment due date is the date specified in the contract. The actual payment date is the date the payment is initiated by the payor unless specified otherwise in the contract.
Which key term represents a process in which the performing entity receives payment for the billed goods and services?
It is not Billing
You get paid by check if you get bank charges who pays?
The person who receives the cheque payment (You) pays the bank charges.
What is the process by which individuals have their federal income tax collected?
1. the employer withholds estimated taxes 2. the taxpayer files a tax return the government receives a tax payment or gives a tax refund 3. the government receives a tax payment or gives a tax refund
What does rental real estate mean?
Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.
What is the fee of a playwright called?
The fee of a playwright is typically called a royalty. This is the payment that the playwright receives for the use of their work in performances.
The travel card vendor receives direct payment for the amount of travel card expenses specified in the travel voucher.?
Split Disbursement
