Bloy Corp.’s payroll for the pay period ended October 31, year 1, is summarized as follows: Department Payroll Total Wages Federal Income Tax Withheld Amount of Wages Subject to Payroll Taxes FICA Unemployment Factory $60,000 $7,000 $56,000 $18,000 Sales 22,000 3,000 16,000 2,000 Office 18,000 2,000 8,000 — $100,000 $ 12,000 $ 80,000 $ 20,000 Assume the following payroll tax rates: FICA for employer and employee 7% each Unemployment 3% What amount should Bloy accrue as its share of payroll taxes in its October 31, year 1 balance sheet?

The employer’s payroll taxes include the employer’s share of FICA taxes (7% x $80,000 = $5,600) and the unemployment taxes (3% x $20,000 = $600).

Therefore, Bloy should accrue $6,200 ($5,600 + $600) as its share of payroll taxes in its October 31, Year 4, balance sheet.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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