Desert Company reported the following costs during the current year: Testing in search for process alternatives $388,940 Costs of marketing research for new product $253,404 Modification of the formulation of a process $504,458 Research & Development services performed by Jungle Corp. for Desert Co. $446,301 What should Desert report for Research & Development expense on its year-end income statement?

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60