A business is upset about the tactics that a competitor is employing to gain business and sues the business. The plaintiff was not necessarily harmed in any way, but the court finds that a tort was committed and awards the plaintiff $10 in damages. This $10 in damages is an example of what type of damages.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.