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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Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.