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Dimotel Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2014, are presented below.
Ranter and Golash are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%.
Prepare a payroll register for the weekly payroll.Journalize the payroll on March 15, 2014, and the accrual of employer payroll taxes.
Journalize the payment of the payroll on March 16, 2014.Journalize the deposit in a Federal Reserve bank on March 31, 2014, of the FICA and federal income taxes payable to the government
Desscribe three aspects of culture to which socilinquistics relates language, whether it is vocal,kinestics, specific styles or codes etc.
Selected data from a February payroll register for Gerfield Company are presented below. Some amounts are intentionally omitted. FICA taxes are 8%. State income taxes are 3% of gross earnings.
National Credit and Cash purchased a general liability insurance policy for $2,400 for coverage for the calendar year. The entire $2,400 was charged to Insurance Expense on January 2, 2010. If the firm prepares monthly financial statements, the pr..
For each of the following independent cases, use the equation method to compute the economic order quantity.
interstate manufacturing produces brass fasteners and incurred the following costs for the year just endedmaterials and
How would the declaration of a liquidating dividend by a corporation affect each of the following?
At the beginning of 2010 Stand Still Industries had $1,200 of raw materials in inventory. By December 31 they had $1,500 of raw materials inventory. During the year, the company purchased $183,000 of materials; of which it paid $175,500 and the ba..
Kitel uses the effective interest method of amortizingbond discount. Interest is payable annually on June 30. At June 30,2007, Kitel's unamortized bond discount should be
During August, the cost of goods manufactured was $73,000. The beginning finished goods inventory was $15,000 and the ending finished goods inventory was $21,000. What was the cost of goods sold for the month?
The company records adjusting entries only at year-end. There were no other notes receivable outstanding during 2013.
baldwin corp. began the year with cash of 35000 and a computer that cost 20000. during the year baldwin earned sales
Venture Company acquired patent rights on January 3, 2005, for$661,500. The patent has a useful life equal to its legal life of 15 years. On January 5, 2008, Venture successfully defended the patent in a lawsuit at a cost of $105,000.
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