Hello and welcome to the session this is Professor Farhad in this session we're going to be looking at property transaction and specifically we're going to be looking at a very basic important concept in property transaction and that's determining the gain or the loss and explaining the concept of realized vs. recognized but if you don't know how to determine the gain or the loss realized versus recognized will not be any good to you this topic has covered an income tax course the CPA exam regulation section as well as the enrolled agent exam as always I would like to remind you my viewers to connect with me on a professional level if you have a LinkedIn account if you don't have a LinkedIn account you should create one if you have a Facebook account please like my Facebook page and connect with me on a personal level you want to make sure you subscribe to my youtube I like the videos share them put them in flavor especially if you do like them let your classmates knows about know about them share the good news spread the wealth basically this is my twitter feed and on my website you can find my courses organized by course and chapter so today we're going to be looking at determination of gaining or loss so the first thing is we want to know is how to compute or realize gain or loss so here's the formula for it it's the difference between the amount realized from the sale or out of this position of the asset and it's adjusted basis simply put if you want to put in a formula we're gonna say amount realized minus the adjusted basis let me give you a simple example let's assume we sold...
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How to calculate fringe benefits for certified payroll Form: What You Should Know
The first cost of each fringe benefit to be included in the annual cost is the amount paid to each person. It can be a lump sum, or a percentage of the wages paid. It is the cost of the fringe benefits in the wages. A lump sum is when money is paid or credited directly to employee's account on payroll. In this scenario each person receives the equal monthly amount to pay their contribution. The percentage of income is the percentage of the fringe benefit to be covered. Sample Calculations For Payment Amounts The payment amounts are based on how much the actual benefit was, which would include the fringe benefits, which are the costs, time and all other associated costs to the employer. These costs are incurred by the employers and paid by the workers to the extent provided by law. Because fringe benefits were paid in lieu of any fringe benefits that normally were provided. If the benefits provided in cash, the benefit rate is 1.5% of wages for each dollar paid, and the payment can be in cash or a payroll deduction from the pay or benefits. However, the employers must pay at least 50% cash from their gross paycheck. If the benefits provided in services, the benefit rate is 1.5% of wages for each dollar paid, and the payment can be in cash or a payroll deduction from the pay or benefits. However, the employers must pay at least 55% cash from their gross paycheck. However, fringe benefits were provided in services, there is no provision for any wage contributions. For Example: Suppose you pay 5% in cash at the time of the grant of your fringe benefits contract to each recipient, for a total of 1,500. The cash would cover the fringe benefits, and the payment and services payment would both be deducted from your pay. The total reimbursement of 2,375 would be paid to each recipient out of the cash grant. If fringe benefits were provided for 5% in cash or services, the cost of each benefit is 500 × (1 + 0.25) = 500. Thus, the average payment is 450.00. However, if you did not provide the cash or services in any form, the cost of the benefits for your own service is 350 + 0.75 + 1,250 = 3,250.00. The benefit calculation is performed by an accountant. The benefit is equal to the total expense in wages, and benefits, multiplied by the total number of hours during the calendar year, plus the benefit rate.
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