Sharlene Johnson Student ID: 000344046 Western Governors University Task: LIT1 310.1.5-02‚ 11‚ 13 Situation A: Situation A involves an employee who requested and was granted 11 weeks of leave from work with the birth of his children. With 75 employees‚ the company meets the 50 employee and above requirement to implement the Family and Medical Leave Act (FMLA). Therefore‚ the company is required to allow up to 12 weeks per year of leave to eligible employees for medical issues affecting the
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LIT1 Task 310.1.2-01-06 Part A Sole Proprietorship - • LIABILITY – There is no separation between the individual and the business. As the owner and operator of a sole proprietorship‚ all of the profit and loss is the personal responsibility of the business owner creating unlimited liability. • INCOME TAXES – As a sole proprietor all business income or losses must be reported as personal income tax. The business itself is not taxed separately. • LONGEVITY/CONTINUITY – The sole proprietorship
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Your Work Role Task B Bi The terms and conditions of your employment are a statement and instruction of what the employer’s expect of their staff and your job description. Employer’s expect their staff to read and follow the policy and procedures that the home have. and to attend all training and update they have and to attend supervision and any observations. Bii ·Employee’s name ·Tax code ·Date ·Payment period ·Payment method ·Employee number ·Net pay Biii Change of address and Change
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Task B: Your work role Bi) Describe the terms and conditions of your employment as set out in your contract of employment or employment agreement. The terms and conditions of and employment is a statement and instructions of what my employer expects of me and other staff and it’s also a job description. My employer expects me and other staff to read and always follow policies and procedures in the work place. I also must attend all training that is provided for me and any updates that need doing
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Project Part B: Hypothesis Testing and Confidence Intervals a. The average (mean) annual income was less than $50‚000 Null Hypothesis: The average annual income was greater than or equal to $50‚000 H₀: µ > 50000 Alternate Hypothesis: The average annual income was less than $50‚000. Ha: µ > 50000 Analysis Plan: Significance Level‚ α=0.05. Since the sample size‚ n > 30 I will use z-test for mean to test the given hypothesis. As the alternative hypothesis is Ha: µ > 50000‚ the given test is
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Self-employment taxes‚ income taxes‚ partners must report their share of P&L on their personal tax returns. A tax reporting entity. LONGEVITY/CONTINUITY: A general partnership generally dissolves when an owner/partner dies or no longer wants to be a part of the business. Could set up a buy/see agreement to line everything out ahead of time. CONTROL: Decisions should be documented from the beginning
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Western Governors University LIT1: Task 310.1.5-02‚ 11‚ 13 Situation A In this scenario‚ the employee had the right to request unpaid leave to help out the spouse. He has been with the company for two years and the request was to be with his spouse. Under the FMLA Act‚ he is allowed up to 12 weeks of unpaid leave. The leave can be used all at one time or spread out over the span of 12 months to help care for the newborns and/or his wife. He was allowed to return to the same job with the
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The Family and Medical Leave Act of 1993 provide protection for employees who need to take leave for family or medical reasons. It provides 12 weeks of unpaid leave while the employees’ job and group health benefits are protected. All public agencies‚ public and private elementary and secondary schools and companies with 50 or more employees are required to provides eligible employees the 12 weeks unpaid leave for : Birth and care of their newborn child Placement with the employee of a child
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TASK A Sole Proprietorship A sole proprietorship is an unincorporated business owned by one person. It is the simplest and most common type of business. It is attractive to a business owner because it is simple and offers the owner the freedom to make the business decisions and keep all of the profits. That may also serve as a draw back because the owner has to rely on themself for capital‚ knowledge and liability. A sole proprietorship does not need to meet any requirements to start.
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business requirements are minimal‚ and the owner has complete control over the business. Though a sole proprietor is not responsible for any corporate tax payments‚ the owner is responsible for taxes incurred on the income generated from the business as part of his or her personal income tax payments‚ and personally shoulders any other risks or obligations. A sole proprietor may also choose to file their business under a fictitious business name or a DBA (doing business as)‚ allowing him or her to operate
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