As of February 28, American Greetings Corp. had several employees. Assume that in the last pay period of the year, the company paid $5,000 to employees after deducting $1,000 for employee income taxes, $400 for FICA taxes, and $200 for other purposes. No payments have been made to the government relating to these taxes. Which of the following statements is true regarding this pay period? a. FICA Taxes Payable should be $612,000.
b. FICA Taxes Payable should be $1,224,000.
c. Salaries and Wages Expense should be $8,000,000.
d. None of the above is true.

Blanchard and peale am i in compliance with the law? what contribution does this choice of action make to the company, the shareholders, the community, and others? what are the short- and long-term consequences of this decision? 1. make sure you have a grasp of all of the facts available. 2. list any information you would like to have but don't and what assumptions you would have to make, if any, in resolving the dilemma. 3. take each person involved in the dilemma and list the concerns they face or might have. 4. develop a list of resolutions for the problem. 5. evaluate the resolutions for costs, legalities, and impact. 6. make a recommendation on the actions that should be taken. "contemplating any business act, an employee should ask himself whether he would be willing to see it immediately described by an informed and critical reporter on the front page of his local paper, there to be read by his spouse, children, and friends." is it legal? is it balanced? how does it make me feel?