Match the Vocabulary word with the definition below. 1. Taxes

2. Withholding

3. Payroll Taxes

4. Tax Revenue

5. Internal Revenue Service

6. Income Tax

7. Medicare

8. Property Taxes

9. FICA tax

a. You pay these taxes if you own a home, boat, car, ATV, etc.

b. FICA tax, Medicare tax, federal income tax, state income tax, and other local taxes are all part of a specific tax.

c. The federal bureau that is in charge of collecting income tax and processing tax returns.

d. “Federal Insurance Contribution Act” that funds social security and Medicare.

e. Government income that they get from taxes.

f. Taxes that you pay based on your salary, hourly wage, tips, or interest.

g. This is money that is withheld from your paycheck by your employer and given to the government to use.

h. Payments to governments that are then used for public goods and services.

i. A certain percentage is taken out of your income and is used to fund this program.

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Balance sheet the assets of dallas & associates consist entirely of current assets and net plant and equipment. the firm has total assets of $2 5 million and net plant and equipment equals $2 million. it has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1 5 million. the firm does have accounts payable and accruals on its balance sheet. the firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. a. what is the company's total debt? b. what is the amount of total liabilities and equity that appears on the firm's balance sheet? c. what is the balance of current assets on the firm's balance sheet? d. what is the balance of current liabilities on the firm's balance sheet? e. what is the amount of accounts payable and accruals on its balance sheet? [hint: consider this as a single line item on the firm's balance sheet.] f. what is the firm's net working capital? g. what is the firm's net operating working capital? h. what is the explanation for the difference in your answers to parts f and g?

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability

Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit