Blockbuster Stores Hired Programmers at Its Headquarters to Maintain Its

question 41

Multiple Choice

Blockbuster Stores hired programmers at its headquarters to maintain its online retail operation.As the size of the online business grew,Blockbuster changed the status of the programmers from employees to independent contractors,although their job responsibility increased.For the past 3 years,all new programmers brought on board have signed documents classifying them as independent contractors.Some of the programmers brought a court case regarding their status and got a verdict that they were misclassified.Which of the following is an implication of this scenario?

• A) The Internal Revenue Service (IRS) can hold the employer liable for its share of Social Security and federal unemployment compensation that should have been withheld.
• B) The Internal Revenue Service (IRS) will require the employer to exclude its programmers from its dental, medical, pension, and profit-sharing plans.
• C) The Internal Revenue Service (IRS) will hold the employer liable for a minimum of 10 percent of the wages received by the programmers.
• D) The Internal Revenue Service (IRS) will require the programmers to pay all the outstanding federal taxes, state taxes, and Medicare on their own if their employer fails to pay.

Analyze the evidence for volcanic activities and their effects on the landscape.

Understand the characteristics and formation processes of pyroclastic flows.

Distinguish between low and high-viscosity lava eruptions and their resulting rock formations.

Recognize the signs of volcanic dome collapse and its geological implications.

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Definitions:

Journal Entry

A record in accounting that represents a transaction, showing the accounts affected and the amounts debited and credited.

Overapplied Balance

A situation in cost accounting where the amount of overhead applied to products or services exceeds the actual overhead costs incurred.

Manufacturing Overhead Account

An account used to record all indirect costs associated with the production process, including utilities, rent, and salaries for managers.

Work in Process

Inventory items that are in the production process but are not yet completed goods.