Examlex
Indicate whether the following characteristics of the corporate form of business are considered to be an advantage or disadvantage.
1. Separate legal entity
2. Ability to raise capital
3. Continuous life
4. Double taxation of corporate earnings
5. Separation of ownership and management
6. Ease of ownership transfer
7. Government regulation
8. Limited liability of stockholders
Net Pay
The amount of money an employee receives after deductions such as taxes and retirement contributions are subtracted from their gross salary.
Payroll
The total amount of wages, salaries, and other compensation that a company owes to its employees for a set period.
Treasurer's Department
A division within an organization responsible for managing the institution's cash, investments, and financing activities.
FICA Tax
Federal Insurance Contributions Act tax, which funds Social Security and Medicare, charged to both employers and employees.
Q1: An entrepreneur is:<br>A)an individual who has an
Q4: Which of the following is an example
Q9: The expression "There's no such thing as
Q12: Dividends:<br>A) are paid by a business to
Q21: In 2012, ABC Corporation purchased treasury stock
Q69: All critical investing and financing activities will
Q70: Under the direct method of preparing the
Q71: Usually new companies have a lower cost
Q92: A company's gross profit for the period
Q138: The accounts of Amy's Pencil Shop, Inc.,