subject
Business, 01.04.2021 16:10 veikkoaval

Great Lakes Tutoring had the following payroll information on February 28: Employee Gross Pay for this pay period was $4,000 Assume: FICA tax rates are: Social Security 6.2% on a limit of $118,500 and Medicare 1.45%; State Unemployment tax rate is 5.4% on the first $7,000.; Federal Unemployment tax rate is 0.6% on the first $7,000. (No one had earned over the limit as of this calendar date) Using the information above, the journal entry to record the Payroll Tax Expense for Great Lakes Tutoring would include:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
question
Business, 22.06.2019 03:00
Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter
Answers: 1
question
Business, 22.06.2019 07:30
Which of the following best describes why you need to establish goals for your program?
Answers: 3
question
Business, 22.06.2019 07:40
The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $
Answers: 1
You know the right answer?
Great Lakes Tutoring had the following payroll information on February 28: Employee Gross Pay for th...
Questions
Questions on the website: 13722367