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Merger Co. has ten employees, each of whom earns $2,000 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $106,800 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.8% and SUTA taxes are 5.4% of the first $7,000 paid to each employee.
Prepare the March 31 journal entry to record the March payroll taxes expense.
micro products inc. has developed a very powerful electronic calculator. each calculator requires four small chips that
John recently came into a sum of money from an inheritance and is contemplating purchasing a small manufacturing facility in his home town. Not knowing much about running a business, he decided to have lunch with some of the other businesspeople i..
a. What is the probable role of the monthly report? b. What is the controller's responsibility with respect to a president who doesn't know much accounting?
folsom fashions sells a line of womens dresses. folsoms performance report for november is shown below. cma adapted the
If this expected level of production and sales occurs and plant expansion is not needed, how should this increase affect next year's total amounts for the following costs.
Non-Controlling interest in a selling subsidiary affects only the allocation of the eliminated unrealized gain or loss and not the amount eliminated?
what are the common errors and frauds in the personnel and payroll cycle? which control characteristic are auditors
the predetermined overhead application rate based on direct labor hours is computed as actual total overhead costs
Its taxable income in the first year is $300,000. It makes no distribution to its shareholders during that year of during the first 2.5 months of the 2nd year. The only adjustments to taxable income for purposes of the accumulated earnings tax if ..
Prepare Slaton's entry to record the exchange. (The exchange has commercial substance.)
procter amp gamble is a multinational corporation that manufactures and markets many products that you use every day.
Determine the amount of total dividends and dividends per share for preferred stockholders and common stockholders.
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