Kolinchak companys expected gross payroll for the period

Assignment Help Accounting Basics
Reference no: EM13581032

Kolinchak Company's expected gross payroll for the period is $300,000. Assuming that its FICA rate is 7.65%, its FUTA rate is 0.8% and its SUTA rate is 5.4%, what is the expected payroll tax for the period?

Reference no: EM13581032

Questions Cloud

Kolinchak inc expects its gross payroll for the period to : kolinchak inc. expects its gross payroll for the period to be 100000. it expects to withhold 7.65 of gross payroll for
Griffin corp is evaluating its piquette division an : griffin corp. is evaluating its piquette division an investment center. the division has a 60000 controllable margin
Barton corporation has provided the budgeting information : barton corporation has provided the budgeting information for you to determine its expected bonus payments. bartons
Given the current economic conditions in canada discuss any : a company is considering three separate mutually exclusive projects a b and c. project a requires a 10000 cash outlay
Kolinchak companys expected gross payroll for the period : kolinchak companys expected gross payroll for the period is 300000. assuming that its fica rate is 7.65 its futa rate
Dreary days inc sells raincoats at a selling price of 2500 : dreary days inc. sells raincoats at a selling price of 25.00 for each raincoat. the variable cost per raincoat is
Agazzi company purchased equipment for 384600 on october 1 : agazzi company purchased equipment for 384600 on october 1 2012. it is estimated that the equipment will have a useful
Lockard company purchased machinery on january 1 2012 for : lockard company purchased machinery on january 1 2012 for 138560. the machinery is estimated to have a salvage value of
Prepare a statement of cash flows for 2012 using the : muldur corporations comparative balance sheets are presented below.muldur corporationcomparative balance sheetsdecember

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the following lists the components of master

which of the following lists the components of the master budget in correct chronological order?a. direct labor budget

  Prepare the journal entry to record the replenishment

Prepare the journal entry to record the replenishment of the petty cash fund.

  Accounting engagement for acme company

CPA Smith completed an accounting engagement for the ACME Company on December 20, 20X1, and sent ACME a bill for $5,000 which ACME paid on January 25, 20X2. CPA Smith uses the cash basis of accounting

  Determine the profit generated by the estimator

Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors.

  Compute fica taxes

During 2013, Rachel Parkins, president of Mathieson Company, was paid a semimonthly salary of $6,800. Compute the amount of FICA taxes that should be withheld from her:

  Computational and record-keeping costs

If computational and record-keeping costs are regarding the same under both FIFO and weighted average, which of the following techniques will generally be preferred?

  Prepare journal entries to record the following retirement

Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.)The December 31, 2010 balance sheet of Wolfe Co. included the following items: 7.5% bonds payable due December 31, 2018 $1,200,000

  Excuses formissed appointments

Randy has been asked to develope an estimate of the perunit selling price (the price that each unit will be sold for) on a new line of hand crafted booklets that offer excuses formissed appointments.

  Rule 203-accounting principles and then conduct research

rule 203-accounting principles analysis of accounting principles and then conduct research and determine at least two

  Pension data for sterling properties include the following

pension data for sterling properties include the followingrequiredservice cost

  Which machine should mercil buy and why

Annual depreciation is $9,000, and the machine has no salvage value.Machine B: Costs $50,000 to acquire and $24,600 a year to operate in each year of its 10-year life. Annual depreciation is $5,000, and the machine has no salvage value.

  Determining selling and administrative expense budget

The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be:

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