Bookkeeping 101

The Patient Protection and Affordable Care Act signed into law March 23, 2010, created the “additional Medicare tax” that changed Medicare withholding computations effective January 1, 2013. All wages, self-employment income, and other compensation t…

Good grounding of all parts of the equipment and precautions against charge buildups on equipment and personnel are used as prevention measures. A static discharge in the presence of air or oxygen can create ozone. Exposure to ozone creates deep pene…

Machines powered by more obscure sources have been proposed, but are subject to the same inescapable laws, and will eventually wind down. An advantage of Desktop Subscription is its lower initial acquisition cost ($3620 for Desktop vs. $9345 for a Pe…

The exemption does not apply to other federal taxes such as employment taxes. Additionally, a tax-exempt organization must pay federal tax on income that is unrelated to their exempt purpose. Failure to maintain operations in conformity to the laws m…

One study analyzing the concentration of benzene in a variety of foods found cola and cole slaw samples with over 100 ppb of benzene, which is over 20 times the maximum contaminant level set by the EPA for drinking water . In mathematics, real is use…

Based on this framework, it is assumed that the same basic framework, linked to economic substance, can induce the understanding that the adoption of international accounting standards can bring financial and managerial accounting together. The metho…

Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock. For indirect materials, debit the overhead account and credit the raw materials inventory asset account. At the en…

Actual cash flows from these transactions may occur at other times, even in different periods. The matching concept represents the primary differences between accrual accounting and cash basis accounting. “Matching” means that firms report revenues a…

In a recent role, Smith was the chief executive responsible for managing a national healthcare system (the Indian Health Service) serving over 2.2 million persons with a budget of over $6 billion that included 26 hospitals. Smith has also served on t…

The artist describes the sadness in Mary’s face very well as if you are seeing her when you look at the painting. Further, it describes the belief that the Virgin Mary was involved in the act of salvation. As you can see that the artist used mixed li…