Business, 20.11.2019 22:31 larey

During january, luxury cruise lines incurs employee salaries of $1.3 million. withholdings in january are $99,450 for the employee portion of fica, $195,000 for federal income tax, $81,250 for state income tax, and $13,000 for the employee portion of health insurance (payable to blue cross/blue shield). the company incurs an additional $80,600 for federal and state unemployment tax and $39,000 for the employer portion of health insurance.

required:

1., 2.& 3. record the necessary entries in the journal entry worksheet below. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in dollars, not in millions (i. e. 5 should be entered as 5,000,

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 12:50

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?

Answers: 3

Answer

Business, 22.06.2019 15:20

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Answers: 3

Answer

Business, 22.06.2019 23:20

Suppose you manage an upscale restaurant in new york city. would involve writing employee schedules and a list of things to do for the chef and other kitchen staff

Answers: 3

Answer

Business, 23.06.2019 00:00

Asap! the following information is given for tripp company which uses the indirect method.

Answers: 1

Answer

You know the right answer?

During january, luxury cruise lines incurs employee salaries of $1.3 million. withholdings in januar...

Questions

Business, 05.12.2019 17:31

In+a+planned+economy,+prices+of+com modities+are+controlled+by++a.+supp ly+and+demand+b.+producers+and+cons umers+c.+the+government+d.+private+ enterp...