Employers payroll taxes on the payroll

Assignment Help Accounting Basics
Reference no: EM13123768

Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $25,000 is subject to unemployment compensation taxes.

Reference no: EM13123768

Questions Cloud

Question regarding lipschitz functions : Show that if f:A->R is Lipschitz then it is uniformly continuous on A. Is the converse statement true? Are all uniformly continuous functions necessarily Lipschitz?
What is the molarity of zncl2 : What is the molarity of ZnCl2 that forms when 30.0 grams of zinc completely reacts with CuCl according to the following reaction? Assume a final volume of 275.
Evaluate the binomial coefficient : Evaluate the combination or binomial function in the completion 48 factorial over 37 factorial. The answer should equal to 22595200368.
Briefly describe other methods of obtaining the cash : Prepare a brief memo (no more than 120 words) giving the arguments for and against offering this preferred stock. In the memo also briefly describe other methods of obtaining the cash.
Employers payroll taxes on the payroll : Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31.
Fed and the money supply : Calculate the percent change in the MM as well as the percent change in the MB during this period. Then calculate the percent change in the money supply during this same five year period.
Taking a position on controversial issue- persuasive report : Taking a Position on a Controversial Issue- The Persuasive Research Report
Exponentials-graphs and usefulness : Give an example of an exponential function. Convert this exponential function to a logarithmic function. Plot the graph of both the functions and post to the discussion forum. Discuss these functions and their graphs with your classmates.
Find point estimate of true proportion of people : In a clinical study of an allergy drug, 114 of 203 subjects reported experiencing significant relief from their symptoms. What is the point estimate of the true proportion of people who reported relief in the population.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What does incremental analysis mean

Describe what is meant by Incremental Analysis? Briefly describe an example from a situation you know or have read about?

  Annual coupon rate-maturity and price

Which of the following 3 bonds should I invest in assuming a 7% interst rate? Please show how you manually calculated this.

  Preparing correcting entries for springer company

Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the company accounts:

  Differences between taxable and financial income

Why are there differences between taxable and financial income? What are some examples of permanent and temporary differences? Why do these differences exist? How do they affect the financial statements?

  Blue niles strategy for success in the marketplace

What is Blue Nile's strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value proposition? What evidence from the 10-K supports your conclusion?

  Product versus period costs-fixed versus variable costs

Write a memo to your partner covering all of the following: Write a description of the difference between product and period costs and examples of each. Explain how the financial results of a business would be reported differently if costs were not..

  Prepare the adjusting entries for independent case

Make the required end-of-period adjusting entries for each independent case listed below.

  Involuntary conversions

Which of the following statements is false regarding involuntary conversions?

  Designate the best answer for each of following questions

Designate the best answer for each of the following questions, Statement of Cash Flows The comparative balance sheets for Logan Company appear below:

  Unifying concepts-high-low method-scatterplot

You have been hired as a consultant for Jones Inc. The company manufactures high-density compact disks and sells them to a wide variety of business clients.

  Physical units-nrv-constant

Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II. To be ready for sale, both products must be processed further, incurring separable co..

  Business question-journal entries

During the current year, the Yellow Rose Company completed construction of a new assembly facility in Ocala, Florida. The facility will receive components from Yellow Rose other facilities and assemble them for shipment to distributors. The follow..

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