What are long-term care insurance benefits

Assignment Help Financial Accounting
Reference no: EM131260909

1) What are long-term care insurance benefits? What is the criteria for exclusion? How is the exclusion calculated? (Please give as much bakground information and examples as possible)

2) What is a fringe benefit? What are the different types? How is this a tax benefit for those that receive them?

Reference no: EM131260909

Questions Cloud

Compute the unit product cost for one barbecue grill : Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $210. Data for last year’s operations follow: Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill..
What is the acquisition cost of each asset : To add to his growing chain of grocery stores, on January 1, 2016, Danny Marks bought a grocery store of a small competitor for $520,000. An appraiser, hired to assess the acquired assets' values, determined that the land, building, and equipment had..
Determine the acquisition cost of the equipment : On January 1, 2016, Ruby Company purchased a piece of equipment with a list price of $60,000. The following amounts were related to the equipment purchase: Terms of the purchase were 2/10, net 30. Ruby paid for the purchase on January 8. Determine th..
Variable costing contribution format income statement : During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: Prepare a variable costing contribution format income statement for each year. Reconcile the absorption costing and the va..
What are long-term care insurance benefits : What are long-term care insurance benefits? What is the criteria for exclusion? How is the exclusion calculated? (Please give as much bakground information and examples as possible). What is a fringe benefit? What are the different types? How is this..
Budget variance analysis : The actual quantity of material used was 31,000 with an actual cost of $7.75 per unit. The actual labor hours were 33,000 with an actual rate per hour of $15. In your budget variance report, discuss each variance. What does the variance tell you? In ..
Recording petty cash account transactions : Recording Petty Cash Account Transactions. During March, Anderson Company engaged in the following transactions involving its petty cash fund: On March 1, Anderson Company established the petty cash fund by issuing a check for $1,500 to the fund cust..
Long-term investment property as short-term property held : As of January 20, 2015, preliminary financial statement numbers for the year ended December 31, 2014, have been compiled. It looks like Chiso will violate the current ratio loan covenant. Violation could be very costly in two ways. Reclassify "long-t..
Characteristics do not belong to process costing : A job order cost system would be appropriate in the manufacture of: Which of the following is not one of the three types of inventories of a manufacturer? Which of the following represents the accumulated manufacturing costs of jobs started but not y..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Question on 1st january 2013 the balance in kubera cos

question on 1st january 2013 the balance in kubera cos allowance for bad debts account was 1300. through the year a

  Impact of increase in production volume on sales cost and

impact of increase in production volume on sales cost and income.redi-watt generators inc. produced emergency backup

  Differentiate between different types of accounts

Differentiate between different types of accounts) Bill Hooper opened a software consulting firm that immediately paid $6,000 for a computer. Was Hooper’s computer an expense of the business? If not, explain.

  Debit salaries expense and bonus expense as appropriate

Make the journal entry to record United's expense for Welch's total earnings for the year, his payroll deductions, and net pay. Debit Salaries Expense and Bonus Expense as appropriate. Credit liability accounts for the payroll deductions and Cash for..

  Compute the annual depreciation

Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods:- Straight-line.

  Emphasized in business ethics check all that apply

Which of the following is/are emphasized in business ethics check all that apply

  Explain how to construct an unadjusted trial balance

Explain how to construct an unadjusted trial balance. Provide an example of the application of the debit/credit rules in the development of the trial balance.

  Compute the materials price and quantity variances

Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. Compute the materials pr..

  Have no effect on the current and acid-test ratios

Payment of a trade account payable of $64,500 would - Have no effect on the current and acid-test ratios.

  Question 1in 2011 jeffrey company disposed of a segment of

question 1in 2011 jeffrey company disposed of a segment of its business and incurred a pretax loss on the disposal of

  How much must he deposit if the interest rate is compound

he will receive annual payments of $53,000 for the next 10 years. How much must he deposit if the interest rate is 8% compounded quarterly?

  What was the net cash flow from investing activities

what was the net cash flow from investing activities for Yeager Inc in 20X4 and what would be the effect on the following items after the stock split? Assume the old shares were exchanged for 750,000 new shares.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd