Business, 06.03.2020 23:39 reecedstceklein
The following monthly data are taken from Ramirez Company at July 31: sales salaries, $200,000; office salaries, $160,000; federal income taxes withheld,$90,000;state income taxes withheld, $20,000; social security taxes withheld,$22,320; Medicare taxes withheld, $5,220; medical insurance premiums, $ 7,000; life insurance premiums, $4,000; union dues deducted, $1,000; salaries subject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Prepare journal entries to record: (1) accrued payroll, including employee deductions, for July ; (2) cash payment of the net payroll (salaries payable) for July; (3) accrued employer payroll taxes, and other related employment expenses, for July- assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%; (4) cash payment of all liabilities related to the July payroll.
Answers: 3
Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
Business, 22.06.2019 20:00
River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
Answers: 3
Business, 22.06.2019 21:20
White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x β x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?
Answers: 1
Business, 23.06.2019 06:50
Free rein leaders can be described as: a. dictatorial b. authoritarian c. democratic d. permissive
Answers: 1
The following monthly data are taken from Ramirez Company at July 31: sales salaries, $200,000; offi...
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