Reference no: EM13298684
Recording the deposit of social security, Medicare, and income taxed.
After the Hennessy Corporation paid its employees on July 15, 2010 recorded the Corporation share payroll taxes for the payroll paid that date, the firm general ledger shared a balance of 20,116 Social Security tax payable accounts, and balance of 4725 in Medicare tax payable account, and a balance of 18,360 in the employee's income tax payable account. On July 16 the business issued a check to deposit the taxes owed in the first taxes bank. Record this transaction in general ledger form.
Computing employer's payroll taxes,
At the end of the weekly payroll, On June 30, 2010 the payroll register of consulting company should employees earning of 71,200. Determine the firm's payroll taxes for that period. Use social security rate of 6.2%, Medicare rate of 1.45% and FUTA rate of 0.8%, and SUTA rate of 4.5%, consider already subject to Social Security tax and Medicare tax and 39,000 subject to FUTA and SUTA taxes.
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The direct write-off method of accounting for uncollectibles
: Write-off method does not use an allowance for uncollectible accounts and thus overstates assets on the balance sheet.
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Determine the required volume flowrate qm in the model
: Model tests are to be performed to study the flow through a large check valve having an inlet diameter of 2 feet and a volume flowrate Qp of 30 cfs. The working fluid in the model is water at the same temperature as that in the prototype.
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Explain calculate the equilibrium pressure of h2
: In the reaction below, 6.15 atm each of H2 and I2 were placed into a 1.00 L flask and allowed to react: H2(g) + I2(g) 2 HI(g) Given that Kc = 45.5, calculate the equilibrium pressure of H2.
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At what price should the preferred stock sell for
: Department 65 has an issue of preferred stock that pays a dividend of $4.00. The preferred stockholders require a rate of return on this stock of 9%. At what price should the preferred stock sell for? Round off to the nearest $0.10.
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Compute employers payroll taxes
: Recording the deposit of social security, Medicare, and income taxed - Compute employers payroll taxes
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Determine the expected speed of prototype to ensure numbers
: A model of a submarine, at 1:15 scale, is to be tested at 0.8 ft/s in a wind tunnel at standard at mospheric pressure, while the prototype will be operated in seawater. Both the air and water are at 10 C (50 F).
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What is the cash flow at the end of the 4th year
: John Keene recently invested $2,566.70 in a project that is promising to return 12 percent per year. The cash flows are expected to be as follows.
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The formation and decomposition of ozone in the stratosphere
: The 1995 Nobel Prize in Chemistry was shared by Paul Crutzen, F. Sherwood Rowland, and Mario Molina for their work concerning the formation and decomposition of ozone in the stratosphere
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Compute the precession rate
: A certain gyroscope consists of uniform disk with a 50 cm radius mounted at the center of an axle that is 11 cm long and of negligible mass. what is the precession rate
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