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The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co:
1) Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries:a.) December 30, to record the payrollb.) December 30, to recored the employers payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $30,000 is subjectto unemployment compensation taxes.
2) Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the following entries:a.) December 30, to record the payrollb.) January 4, to recored the employers payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $1,185,000 in salaries is subject to
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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