According to a summary of the payroll of scotland company, total salaries were $500,000. assume that social security taxes are payable at a 6% rate and medicare taxes are payable at a 1.5% rate with no maximum earnings. federal income tax withheld was $98,000. also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. the journal entry to record accrued salaries would include a:

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

What is the connection between digital transformation and customer experience

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