According to a summary of the payroll of matrix publishing

Assignment Help Accounting Basics
Reference no: EM13614772

According to a summary of the payroll of Matrix Publishing Co.,$380,000 was subject to the 7.5% FICA tax. Also, $16,000 wassubject to state and federal unemployment taxes.

a. Calculate the employer's payroll taxes, using thefollowing rates: state unemployment, 4.3%; federal unemployment,0.8%.

b. Illustrate the effects on the accounts and financial statements of recording the accrual of payroll taxes.

Reference no: EM13614772

Questions Cloud

A 30 k ohms resistor is connected in series with a : a a 3.0 k ohms resistor is connected in series with a capacitor at time t0. its fully charged and at a voltage of 24v.
Also calculate the power supplied by the battery in the : in a series circuit if resistor 1 had 148 ohms and resistor 2 had 266.9 ohms and the delta v is 5.41 what is the power
Walt disney 2125 bonds due in 2023 were reported in the : walt disney 2.125 bonds due in 2023 were reported in the wallstreet journal as selling for 103.536. were the bonds
You are tuning an out of tune organ pipe to a tuned pipe of : you are tuning an out of tune organ pipe to a tuned pipe of middle c 261.63 hz. you hear a beat frequency of 2
According to a summary of the payroll of matrix publishing : according to a summary of the payroll of matrix publishing co.380000 was subject to the 7.5 fica tax. also 16000
After a long time what is the voltage across the capacitor : a 15.0 k ohms resistor is connected in series with a capacitor and a 24.0v battery. assume the switch is closed at time
Several months ago northwest cover paint company : several months ago northwest cover paint company experienced ahazardous materials spill at one of its plants. as a
Digital audio works inc warrants its products for 1year the : digital audio works inc. warrants its products for 1year. the estimated product warranty is 1frac12 of sales. assume
Write down the wave function for this system for a standing : a one end of a string of length l is held fixed. the other end is attached to a weightless ring that can slide

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Organizations must follow gaap or ifrs with respect to

organizations must follow gaap or ifrs with respect to financial accounting in order to provide accurate transparent

  Determine mary taxable income

Mary, a single taxpayer with two dependent children, has the following items of income and expense during 2010:

  Cash discounton trade credit

The cost of not taking the cash discounton trade credit of 3/10, net 30 is equal to:

  Total overhead variance

Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is?

  Ziad company had a beginning inventory on january 1 of 150

ziad company had a beginning inventory on january 1 of 150 units of product 4-18-15 at a cost of 20 per unit. during

  Basics of double declining-balance method

Determine the amount of depreciation expense for the years ended December 31, 2009, 2010, 2011 and 2012, by (a) the straight line depreciation method (b) the units of production method, and (c) the the double declining-balance method.

  Assume that a company issues bonds with a 100000 face value

assume that a company issues bonds with a 100000 face value at 100 and must pay 5000 of costs associated with the

  Jodi horton president of the retailer crestline products

jodi horton president of the retailer crestline products has just approached the companys bank with a request for a

  Conversion cost per unit

Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?

  What is the companys quick ratio possible answers 07 12 15

what is the companys quick ratio? possible answers 0.7 1.2 1.5 2.5. assets cash is 4000 accounts receivable is-10150

  The net income of reliable provision companydecreased

the net income of reliable provision companydecreased sharply during 2003. clay rollins owner of the storeanticipates

  Liability insurance-expected after tax earnings

Suppose that the Lai Jean Co. expects before tax earnings of 5 million this coming year, assuming no liability losses. However, there is a 2 percent chance that Lai will lose a $10 million lawsuit during the year.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd