PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 5QD
To determine
State whether the H Company is acting legally or illegally in asking the questions.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Howard Beale, a member, uses Outsource Inc., a third-party service provider, to assist him in furnishing bookkeeping and tax work for his clients. This necessitates Howard Beale disclosing confidential client information to Outsource Inc. Howard Beale is not a California licensee, and he practices outside of California. In addition to informing his clients that he is using a third- party service provider which of the following is required with respect to the release of such information?
Prior to using Outsource Inc.'s services, Howard Beale enters into a contractual agreement with Outsource Inc. to maintain the confidentiality of the information, and Howard Beale is reasonably assured that Outsource Inc. has procedures that will prevent unauthorized release of the information.
) Specific client consent is obtained prior to releasing the information to Outsource Inc.
) The client must contact Outsource, Inc. to ensure that their confidential information will not be disclosed.
)…
Which of the following is entitled to claim NOLCO?
An employee with respect to his compensation income.
Foreign international carriers
Entities registered with the Philippine Economic Zone Authority (PEZA).
Self-employed individuals
Jiggy, owner of Jaguar Security Agency offers security services unto Honest Industries Co. of which his father Joe Calida sits as member of the Board of Directors. What are the requirements for the contract to be declared valid by the Board?
Chapter 1 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 1 - Prob. 1MQCh. 1 - Prob. 1QRCh. 1 - Prob. 2QRCh. 1 - Prob. 3QRCh. 1 - Prob. 4QRCh. 1 - Prob. 5QRCh. 1 - Prob. 6QRCh. 1 - Prob. 7QRCh. 1 - Prob. 8QRCh. 1 - Prob. 9QR
Ch. 1 - Prob. 10QRCh. 1 - Prob. 11QRCh. 1 - Prob. 12QRCh. 1 - Prob. 13QRCh. 1 - Prob. 14QRCh. 1 - Prob. 15QRCh. 1 - Prob. 16QRCh. 1 - Prob. 17QRCh. 1 - Prob. 18QRCh. 1 - Prob. 19QRCh. 1 - Prob. 20QRCh. 1 - Prob. 1QDCh. 1 - Prob. 2QDCh. 1 - In staffing their offices, some firms encourage...Ch. 1 - The main office of a large bank has an annual...Ch. 1 - Prob. 5QDCh. 1 - Prob. 1CP
Knowledge Booster
Similar questions
- The following persons are your clients: Who is allowed to claim deduction? - Nicanor, an employee of ABC Corp. - ABC Corp, a foreign corporation doing business in the Philippines - XYZ Corp. a foreign corporation based in Europe - Inday Manoban, a Thai-Korean and member of the PinkBlack K-Pop Group based in Korea a. Nicanorb. ABC Corpc. XYZ Corpd. Indayarrow_forwardWhich of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(a) of the NIRC? a. Salary received by a managing director of a general professional partnership. b. A passive income in the form of a prize win in a raffle amounting to P4,000.00. c. A gain from sale of his personal motor vehicle as another income of a taxpayer who is a compensation earner. d. A gain on sale of a real property for private use of the family of the taxpayer.arrow_forwardWhich of the following correctly identify the requirements for both legal and personal competence for a fiduciary? Must be a U.S. citizen Must meet a minimum age requirement as specified by state law Must be capable of analyzing a situation and making decisions Must be mentally competent as required by state lawarrow_forward
- Examine the Labour Laws in Montserrat relating to termination of the employment contract. Doyou think that they are fair? (Cite at least 4 case laws to support your answer using the IRACprinciple). Case laws must be from any Country in the Caribbean.arrow_forwardA resident citizen had a family home in the Philippines. Worked abroad and was temporarily absent from his family home when he died. Which of the following statements is correct ? The decedent would not be allowed family home deduction because he was abroad when he died The decedent would not be allowed family home deduction because he was non-resident citizen when he died The decedent would be allowed family home deduction because actual occupancy of the family home was not interrupted or abandoned because of his temporary absence.arrow_forwardRead each case and specify which standard was violated 1.Aziza works for a multinational investment adviser based in the USA, she has US citizenship since 2020. She lives and works as a registered investment adviser in the tiny, but wealthy, island nation. The securities laws state that no investment adviser registered and working in that country can participate in initial public offerings (IPOs) for the adviser’s personal account. Aziza, believing that as an American citizen working for a U.S.-based company she should comply only with U.S. law, has ignored this Karrambian law. In addition, Aziza believes that, as a charter holder, as long as she adheres to the Code and Standards requirement that she disclose her participation in any IPO to her employer and clients when such ownership creates a conflict of interest, she is meeting the highest ethical requirements.arrow_forward
- Which of the following expenses would be denied as a deduction as per provisions of the Canadian Income Tax Act? a. Maintenance fees on a yacht at Yellow Yacht Leasing Inc. b. Legal and accounting fees incurred during the construction of a building c. Advertising costs in a non-Canadian newspaper directed at an American market d. Workspace in a home used as a taxpayer's principal place of businessarrow_forwardAccording to the regulation of privileges andimmunities between states, a citizen of Texas who buys aproduct while visiting a store in Californiaa. pays the Texas sales tax.b. pays the California sales tax.c. pays both the California and the Texas sales tax.d. can choose whether he or she wants to pay theCalifornia or Texas sales tax.e. pays the California sales tax, but can ask to bereimbursed when returning to Texas.arrow_forwardAccording to the Resides Test, which of the following is NOT normally relevant when assessing tax residency? Select one: The person's behaviour and daily routine whilst in Australia How often the person travels to and from Australia The person's citizenship status Whether the person has business connections in Australia Whether the person has family in Australiaarrow_forward
- The following individuals arrived in the Philippines through Flight DZ-4170 on June 30, 2019. Who is most likely to be classified as non-resident citizen for the year 2019? Collie Tan, a Chinese, planning to marry his Bicolana fiancée and stay with her to build a family Dina B. Nalican, a Filipino, returning from London after a successful one-week specialized surgery. Paul Lickett, a British, lone son of the British Ambassador to the Philippines, intends to live with his father here in the Philippines. Ligaya Calungcutan, an Overseas Filipino Worker, returning home for a three-week vacationarrow_forwardErica is a citizen of a foreign country and works as an employee for Fco, a foreign corporation that manufactures industrial equipment. Fco does not have a permanent establishment in the United States. Erica’s job is to provide technical assistance to customers who purchase Fco’s products. Many of Erica’s customers are located in the United States. Consequently, Erica consistently spends about 120 working days per year in the United States. Erica does not possess a green card. Assume that the United States has entered into an income tax treaty with Erica’s home country that is identical to the United States Model Income Tax Convention of 2016. How does the United States tax Erica’s activities?arrow_forwardIrwin is a resident of Wyoming. He sold real estate located in North Carolina to Bethany, LLC, an Ohio-based company. Bethany failed to make payments on the loan. Which state's laws determine the foreclosure process for the property? (a) Ohio (b) North Carolina (c) Wyoming (d) No state, because the foreclosure process is controlled by federal law.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Business Its Legal Ethical & Global EnvironmentAccountingISBN:9781305224414Author:JENNINGSPublisher:Cengage
Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT
Business Its Legal Ethical & Global Environment
Accounting
ISBN:9781305224414
Author:JENNINGS
Publisher:Cengage
Individual Income Taxes
Accounting
ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT