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Giltz earns an hourly wage of $18 with time-and-a-half pay for hours worked over 40 per week. During the most recent week, she worked 46 hours, her federal tax withholding totaled $93, her state tax withholding totaled $27, and $5 was withheld for union dues. Assuming a 6.2 percent social security tax rate and a 1.45 percent Medicare tax rate, prepare the journal entry to record Giltz's wages and related liabilities. Round to the nearest penny.
alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical
sugarland company sells a single product and anticipates opening a new facility in charlotte on may 1 of the current
regal flair enterprise has two product lines jewelry and womens apparel. cost and revenue data for each product line
memofax inc. produces memory enhancement kits for fax machines. sales have been very erratic with some months showing
On that date, when the market price of Matile was $14 per share, there were 270,000 shares of Stinson outstanding. What gain and net reduction in retained earnings would result from this property dividend?
Last year, Loon sold an appreciated asset for $600,000 (basis of $200,000). Payment for one half of the sale of the asset was made this year. How much of Wendy's distribution will be taxed as a dividend?
Yount Company reports the following for the month of June Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.
answer needed only1. accounting is an information and measurement system that identifies records and communicates
karen purchased 100 shares of gold corp. stock for 10000 on january 1 2004. on june 1 2014 she sells her 100 shares for
Danni, who is single, maintains a home in which she, her 15-year old brother, and her 21-year old niece live. Danni provides the majority of the support for her brother, her niece, and her cousin, age 18, who is enrolled full-time at teh universit..
darby sporting goods inc. has been experiencing growth in the demand for its products over the last several years. the
Classsify the following costs as variable (V), fixed (F), or semivariable (S) in terms of their behavior with respect to volume or level of activity.
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