subject
Business, 23.04.2021 16:30 alleshia2007

PayrollThe payroll journal for the ABC Company on June 30thshows the following: Gross Wages | Federal Inc Taxes | FICA | State Inc Taxes | Health Insurance | Union Dues | Net pay
A $400 | $112 | $25 | $19 | $ 9 | $10 | $225
B $375 | $105 | $ 23 | $18 | $8 | $10 | $211
C $360 | $100 | $22 | $17 | $ 0 | 0 | $221
D $410 | $116 | $26 | $20 | $12 | $12 | $224
OTHER INFORMATION
a) Assume that the FUTA rate is 5.8%, that its SUTA rate is 4.8% and that the full state rate can be used as a credit against the federal rate.
b) Assume that all wages are subject to federal and state unemployment taxes and that all wages are subject to FIC taxes. Round to the nearest dollar (do not include cents).
REQUIRED:
a) Calculate the employer and employee liabilities.
b) Prepare the appropriate journal entries.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:30
Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?
Answers: 3
question
Business, 22.06.2019 02:30
Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)
Answers: 2
question
Business, 22.06.2019 06:00
Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection
Answers: 1
question
Business, 22.06.2019 08:20
Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand
Answers: 3
You know the right answer?
PayrollThe payroll journal for the ABC Company on June 30thshows the following: Gross Wages | Fede...
Questions
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
English, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
Questions on the website: 13722367