Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Joe works 40 hours per week and earns $13 per hour. He has$125 take out for Federal Income Taxes (FIT) and the FICA rate is.0765 (.062 for Social Security and .0145 for Medicare). Noother deductions are taken from him. The employers SUTA rateon the first $7,000 of wages is .06 . The FUTA rate onthe first $7,000 of wages is .008 . Year-to-date wages prior tothis week are $6,800. The work week runs from Monday toFriday and is paid the following Friday. Payroll is recordedon Tuesday for the week prior and Paid on Friday. Answer the following (hint, check out my voice lecture power pointfile on Payroll):
1. What journal entry is needed to record the payroll from the week prior (week ending 05/22, payrollcomputation happening on Tuesday 05/26).
2. What journal entry is needed torecord the employer payroll taxes from the week ending 05/22.
3. What journal entry is needed on 05/29to pay the payroll to be distributed on 05/29.
4. What journal entry is needed on 05/29to pay the 941 taxes assuming that we pay 941 taxes weekly onFriday.
posters.com is a small internet retailer of high-quality posters. the company has 1000000 in operating assets and fixed
carefully consider the following information before answering the questions that followquarter foods began its
lopez company has been approached by a new customer to provide 2000 units of its regular product at a special price of
LaSalle Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1 and July 1 with the following results.
Prepare the sales revenues section of the income statement based on this information.
stanton inc. makes unfinished bookcases that it sells for 60. production costs are 30 variable and 10 fixed. because it
du pont system of analysis the king card company has a return-on-assets investment ratio of 12 percent. a. if the
sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as
ab and c were sharing profit and losses in the ratio of 532. the firm had insured the partners lives severally. the
Materials costs of $200,000 and conversion costs of $214,200 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the proce..
net cash flow is the difference between a firms operating cash flow and its financing cash flow. is the difference
over the past 2 decades business schools have added required courses on organizational design to many of their
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd