The following totals for the month of april were taken from the payroll register of magnum company. use this information to answer the questions that follow.
salaries $12,000.
fica taxes withheld 900
income taxes withheld 2,500
medical insurance deductions 450
federal unemployment taxes 32
state unemployment taxes 216 the entry to record accrual of employer's payroll taxes would include a(a) debit to payroll tax expense for $248(b) debit to fica taxes payable for $1,800(c) debit to payroll tax expense for $1,148(d) credit to payroll tax expense for $248

(C) debit to Payroll Tax Expense for $1,148

Explanation:

"employer's payroll taxes" This means we are asked for the entry of the employer, not the employee.

The employer will contribute the same amount for FICA(medicare and social security)  FUTA and SUTA

so the entry will be :

payroll tax expense debit 1148

FICA taxes payable credit 900

FUTA payable credit 32

SUTA payable credit 216

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

i would say their habit of breaking down.