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Question 1 Barbie is operating her retail business as a sole trader. She wants to employ her husband in her business and pay him a
Question 1 Barbie is operating her retail business as a sole trader. She wants to employ her husband in her business and pay him a wage. Which of the following statements is correct? Not yet answered Markuf Select one: F Flag queston o em 10.00 a. If Barbie employs her husband in her business, she needs to get the approval from the Commissioner of Inland Revenue to O O b. If Barbie employs her husband in her business, she will be able to claim the total amount of wages that is paid as a aim a deduction for the wages she pays to her husband. business related expense. O c. If Barbie employs her husband in her business, both of them must make a 3% contribution to KiwiSaver. O d. Because Barbie and her husband are relatives, the wages paid will be considered to be Barbie's income. Question 2 Not yet answered Marked out of 0.00 P Flag question Under the Limited Partnership Act, which of the following is correct regarding limited partnerships? Select one: O a. A Limited Partnership has no general partners. O b. General partners must contribute capital to the Limited Partnership. O c. The Limited Partners may not participate in the day to day management of the company. o d. There is joint and several liability of limited partners for debts and liabilities of the limited partnership
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