Hal Simoson manages a Frosty Boydrive-in. His straight-time pay is $ 15per hour, with time-and-a-half for hours in excess of 40 per week. Simpson'spayroll deductions include withheld income tax of 20%,FICA tax, and a weekly deduction of $ 7for a charitable contribution to United Way. Simpson worked 54 hours during the week. Requirement 1
A. Compute Simpson's gross pay and net pay for the week. Assume earnings to date are $16,000.
B. Compute Simpson's not pay for the week.
Requirement 2
Journalize Frosty Boy's wages expense accrual for Simpson's work. An explanation is not required.
Date Accounts Debit Credit
Requirement 3
Journalize the subsequent payment of wages to Simpson.
Date Accounts Debit Credit
For all payroll calculations, use the following tax rates and round amounts to the nearest cent:
Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000.
Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned.

Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond