If the employee has 300 withheld from their check for

Assignment Help Accounting Basics
Reference no: EM13592937

1. If the employee has $300 withheld from their check for FICA-OASDI, what is the added amount that the employer would need to pay?

a) $300

b) $100

c) 0

d) $400

2. The information needed to make the journal entries to record the wages and salaries expense comes from:

a) form W-2

b) the look-back period

c) the payroll register

d) from 941

3. The employer's total FICA, SUTA, and FUTA tax cost is recorded as:

a) a debit to payroll Tax Expense

b) a credit to Payroll Tax Expense

c) a credit to Payroll Tax Payable

d) a debit to Payroll Tax Payable

4. Which of the following would not typically be an employee payroll withholding?

a) Unemployment taxes

b) Medical Insurance

c) State income tax

d) Social Security

5.Which of the below allowances would have the least amount of taxes withheld for federal income tax purposes?

a) S-1

b) S-2

c) S-3

d) S-0

Reference no: EM13592937

Questions Cloud

Slick corporation is a small producer of synthetic motor : slick corporation is a small producer of synthetic motor oil. during may the company produced 5000 cases of lubricant.
Discuss the compensation packages for accounting : discuss the compensation packages for accounting professionals. is the compensation commensurate with the
A fertilizer manufacturing company wants to relocate to : a fertilizer manufacturing company wants to relocate to jones county. a report from a fired researcher at the company
How can a company that reports record breaking sales not : how can a company that reports record breaking sales not have enough cash in their checking account to pay their
If the employee has 300 withheld from their check for : 1. if the employee has 300 withheld from their check for fica-oasdi what is the added amount that the employer would
Blue co has a patent on a communication process the company : blue co. has a patent on a communication process. the company has amortized the patent on a straight-line basis since
Type of strategy the strategy that involves concentrating : the strategy that involves concentrating on consumer or end user application ltbrgt that major firms have neglected
A large sporting goods store is placing an order for : a large sporting goods store is placing an order for bicycles with its supplier. four models can be ordered the adult
The number of pizzas ordered on friday evenings between 530 : the number of pizzas ordered on friday evenings between 530 and 630 at a pizza delivery location for the last 10 weeks

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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