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According to a summary of the payroll of Scotland Company, $450,000 was subject to the 7.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record accrued salaries would include:
A. a debit to Salary Payable of $450,000
B. a credit to Salary Payable of $500,000
C. a debit to Salary Expense of $500,000
D. a credit to Salary Expense of $450,000
Given the following demand function: Q = 2.0 P?1.33 Y2.0 A.50 where Q = quantity demanded (thousands of units) P = price ($/unit) Y = disposable income per capita ($ thousands) A = advertising expenditures ($ thousands) The approximate percentage inc..
Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270. What is cost of the equipment?
What is Accumulated depreciation of PP&E sold Cost of PP&E sold Cost of PP&E purchased
Budgeting involves computation of budgeted purchase - Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.
Assuming that Mark's adjusted gross income was $60,000, how much of a medical-expense deduction may Mark claim on his return?
Need some assistance with a group international business assignment QUESTION- Any references you would make for creating greater international business achievement between Russia and the United States?
What would be the effect on the monthly contribution margin if the sales price was reduced to $14, resulting in a 10 percent increase in sales volume?
question1. the given selected transactions relate to liabilities of united insulation corporation. uniteds fiscal year
An extensive consultation paper has been provided to you related to the Conceptual Framework from the International Public Sector Accounting Standards Board.
question 1 the subsequent information is availablestarting raw materials inventory 10000ending raw materials inventory
land buildings and machinery.a company made the following expenditures in connection with the construction of its new
Perpetual Inventory Using FIFO August 1 Inventory 50 units at $80 9 Sale 30 units 13 Purchase 40 units at $85 28 Sale 25 units Beginning inventory, purchases, and sales
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