For questions 1-10, fill in the blank with the letter of the term or description that best matches

the term.

descriptions:

a. the amount of an employee's income that an employer sends directly to the federal, state, or local

tax authority

b. taxes, insurance, and saving plans deducted from a paycheck

c. provides a summary of the payroll information for each pay period

d. commission, hourly rate, and salary

e. fee paid for providing a service, usually as a percentage of the total amount of the business

transacted

f. social security, medicare, federal, and state taxes

g. type of payment where an employee is only paid for the hours worked

h. health insurance, retirement plans, life insurance, and stock purchase plans

i. a payment amount that is paid yearly, and is then divided into weekly, biweekly, or monthly

payments throughout the year

j. deductions that are untaxed

Danielle enjoy working as in certified public accountant (cpa) and assisting small business and individuals with managing their financial and taxes . which general area of accounting is her specialty ?

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)