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Dixon Sales has five sales employees which receive weekly paychecks. Each earns $10.25 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in Federal Income Tax, 3% of gross in State Income Tax, 6% of gross in Social Security Tax, 1.5% of gross in Medicare Tax, and 1/2% in State Disability Insurance. Journalize the recognition of the pay period ending January 19th which will be paid to the employees January 26th.
stojko corporation had a net decrease in cash of 18000 for the current year. net cash used in investing activities was
actual raw materials used 26000 lbs at 2.80 per lb. actual factory payroll 2800 hours for a total of 26600 actual
the following data has been taken from the management accounting reports from spinnaker sales. div a -income from
on march 4 2013 hein corporation issues 1000 shares of 100 par preferred stock for 125 per share. the stock is not
panmar inc. is preparing a statement of stockholders equity for 2014. on january 1 2014 panmar started the year with a
daguio corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year the total
johnston co cleans and applies powder coat paint to metal items on a job-order basis. johnston has budgeted the
How much gain is recognized by Nathan? What is the character of the gain? What are the tax consequences and alternatives to Michelle? Is there a difference if Ben sold his entire interest?
If the machine has no salvage value at the end of seven years, and assuming the company's discount rate is 10%, what is the purchase price of the machine if the net present value of the investment is $17,000?
What journal entry would you make to dispose of the overhead variance using the proration approach based on account ending total dollar balances?
vantage company issued bonds with a 500000 face value and a 6 stated rate of interest on january 1 2013. the bonds
My mother owned 808 shares of gm stock that she had accumulated over many years being a gm employee. Now that the company went bankrupt we would like to claim a loss on the stock but dont have any record of what she paid over the years.
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