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{"id":122957,"date":"2022-02-16T08:46:30","date_gmt":"2022-02-16T08:46:30","guid":{"rendered":"https:\/\/qualityassignments.net\/?p=122957"},"modified":"2022-02-16T08:46:30","modified_gmt":"2022-02-16T08:46:30","slug":"acct-question-4","status":"publish","type":"post","link":"https:\/\/qualityassignments.net\/2022\/02\/16\/acct-question-4\/","title":{"rendered":"ACCT Question 4"},"content":{"rendered":"
\n

 <\/p>\n

Read the following sceanario and answer the quetions below. Minimum 250 words; 2 references, no format required.<\/span><\/span><\/p>\n

 <\/p>\n

Jas Carillo was discussing summer employment with Maria Perez, president of Valparaiso Construction Service:
<\/span>
<\/span>Maria<\/span><\/strong><\/span>: I\u00e2\u20ac\u2122m glad that you\u00e2\u20ac\u2122re thinking about joining us for the summer. We could certainly use the help.
<\/span>
<\/span>Jas<\/span><\/strong><\/span>: Sounds good. I enjoy outdoor work, and I could use the money to help with next year\u00e2\u20ac\u2122s school expenses.
<\/span>
<\/span>Maria<\/span><\/strong><\/span>: I\u00e2\u20ac\u2122ve got a plan that can help you out on that. As you know, I\u00e2\u20ac\u2122ll pay you $4 per hour; but in addition, I\u00e2\u20ac\u2122d like to pay you with cash. Since you\u00e2\u20ac\u2122re only working for the summer, it really doesn\u00e2\u20ac\u2122t make sense for me to go to the trouble of formally putting you on our payroll system. In fact, I do some jobs for my clients on a strictly cash basis, so it would be easy to just pay you that way.
<\/span>
<\/span>Jas<\/span><\/strong><\/span>: Well, that\u00e2\u20ac\u2122s a bit unusual, but I guess money is money.
<\/span>
<\/span>Maria<\/span><\/strong><\/span>: Yeah, not only that, it\u00e2\u20ac\u2122s tax-free!
<\/span>
<\/span>Jas<\/span><\/strong><\/span>: What do you mean?
<\/span>
<\/span>Maria<\/span><\/strong><\/span>: Didn\u00e2\u20ac\u2122t you know? Any money that you receive in cash is not reported to the IRS on a W-2 form; therefore, the IRS doesn\u00e2\u20ac\u2122t know about the income\u00e2\u20ac\u201dhence, it\u00e2\u20ac\u2122s the same as tax-free earnings.
<\/span>
a. Why does Maria Perez want to conduct business transactions using cash (not check or credit card)? <\/p>\n

b. How should Jas respond to Maria\u00e2\u20ac\u2122s suggestion?<\/span><\/span><\/p>\n

 <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  Read the following sceanario and answer the quetions below. Minimum 250 words; 2 references, no format required.   Jas Carillo was discussing summer employment with Maria Perez, president of Valparaiso Construction Service: Maria: I\u00e2\u20ac\u2122m glad that you\u00e2\u20ac\u2122re thinking about joining us for the summer. We could certainly use the help. Jas: Sounds good. I […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/122957"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=122957"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/122957\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=122957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=122957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=122957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}