Cliff Just Received a Raise to $18

question 361

Short Answer

Cliff just received a raise to $18.45 per hour from $18.00. What is the percent increase in his hourly rate?

Knowledge on how QuickBooks categorizes transactions on financial reports.

Ability to record customer payments and understand its impact on business accounts.

Understand the setup process for creating a new company data file in QuickBooks.

Know how to record sales transactions efficiently in QuickBooks.

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Definitions:

Tax Return

A tax return is a form filed with a tax authority that reports income, expenses, and other pertinent tax information. Taxes owed or a refund owed to the taxpayer are determined through this form.

Roofer

A professional who specializes in the construction, repair, and installation of roofs.

Nontaxable Income

Income that is not subject to income tax at the federal, state, or local level.

Alimony Payment

A financial support that one ex-spouse is legally obligated to provide to the other during or after the process of legal separation or divorce.