subject
Business, 26.11.2019 21:31 penny3109

Gross payroll for the employees of lord company totals $800,000 per week. from this must be withheld social security taxes of 6.20% and medicare taxes of 1.45%. in addition, federal and state income tax withholdings amount to 10% of gross payroll. which one of the following is in the summary journal entry to record the payment of payroll for one week? group of answer choices debit to social security payable for $99,200 credit to compensation expense for $861,200 credit to medicare payable for $11,600 debit to income tax withholding payable for $80,000 credit to cash for $658,800

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.
Answers: 3
question
Business, 21.06.2019 22:00
Trang chủ website chính thức của công ty cổ phần viễn thông fpt (fpt telecom), tại đây sẽ giới thiệu các dịch vụ được cung cấp bởi fpt telecom và các khuyến mãi mới nhất. xem chi tiết tại: kingfpt.com thông tin về king fpt: king fpt là cổng thông tin trực tuyến của fpt telecom: cáp quang fpt, truyền hình fpt, fpt play tư vấn các gói cước internet fpt và đăng ký lắp mạng fpt! ngành nghề kinh doanh: lắp mạng fpt, cáp quang fpt, truyền hình fpt, wifi fpt, internet fpt name: king fpt - add: 154 khuất duy tiến, nhân chính, thanh xuân, hà nội 100000 - phone: 0339 810 834 - website: - email: [email protected] - ceo: dương bình an
Answers: 2
question
Business, 22.06.2019 03:00
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
question
Business, 22.06.2019 06:10
Amanda works as an industrial designer
Answers: 1
You know the right answer?
Gross payroll for the employees of lord company totals $800,000 per week. from this must be withheld...
Questions
question
Mathematics, 17.12.2020 23:40
question
Mathematics, 17.12.2020 23:40
question
Mathematics, 17.12.2020 23:40
question
Business, 17.12.2020 23:40
question
Mathematics, 17.12.2020 23:40
Questions on the website: 13722367