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Reese works in Prince Edward Island and has 2019 payroll totals of regular earnings of $62,700.00, vacation pay of $2,680.00, overtime pay of $518.00, interest-free loan taxable benefit of $780.00, group term life insurance taxable benefit of $314.00, pension adjustment of $2,880.00 and employee contributions to a Registered Retirement Savings Plan of $1,890.00.
Problem 1: Calculate the total to be recorded in Box 14 of Reese's T4 information slip.
Purchased inventory that cost $2,200 on account from Blue Co. under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $110 were paid in cash
Stanco Inc. has two divisions, Electronics and Clocks. The Electronics Division (which is operating at capacity) , makes a specialized circuit borad called SA5 which it sells to its regular customers for $14 each. Suppose the total demand for the new..
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Martha, a single woman born in 1955, has worked her entire life. She has one daughter, Elizabeth, who is disabled to the extent eligible to receive SSDI benefits. Elizabeth was born in 1980. Please prepare an Excel spreadsheet calculating the present..
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Accounts receivable decreased by $25,000. Accounts payable decreased by $40,000. Dividends of $300,000 were paid to shareholders. Flimsy Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000.Prepare Flimsy Company's st..
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A shareholder, in an effort to persuade Vai to expand into that city, donated to the company a plot of land with an appraised value of $42,000.
Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate. Journalize the Quay Company's transactions.
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