February 28 the payroll register contained the following

Assignment Help Accounting Basics
Reference no: EM13607250

February 28, the payroll register contained the following totals: gross wages $92,750; federal income taxes withheld, $23,721; state income taxes withheld, $3,909; social security tax withheld, $5,751; Medicare tax withheld, $1,345. Prepare entries to record the (a) monthly payroll and (b) the employer payroll expenses, assuming social security and Medicare taxes equal to the amount for employees, and a federal unemployment insurance tax of .8 percent, a state unemployment tax of 5.4 percent. Wages subject to unemployment were $57,240.

Reference no: EM13607250

Questions Cloud

What is included in the cost basis of a long-lived asset : what is included in the cost basis of a long-lived asset? explain for at least two types of such assets. what sources
Geena matheson owns and operates a successful florist shop : geena matheson owns and operates a successful florist shop in bloomington indiana. geena estimates that her variable
For this population find the probability that a randomly : a study found that foot lengths for japanese women are normally distributed with a mean of 24.9 and a standard
The customer service department of grand lakes technologies : the customer service department of grand lakes technologies asked the publications department to prepare a brochure
February 28 the payroll register contained the following : february 28 the payroll register contained the following totals gross wages 92750 federal income taxes withheld 23721
A model rocket is launched straight upward with an initial : a model rocket is launched straight upward with an initial speed of 55.0 ms. it accelerates with a constant upward
The university bookstore sells both new and used textbooks : the university bookstore sells both new and used textbooks. new textbooks are sold to students at the publishers
A real number x is drawn at random from the interval 01 a : a real number x is drawn at random from the interval 01. a rectangle is formed with sides x and 1-x. denote the area by
The following information pertains to tanzi company assume : the following information pertains to tanzi company. assume that all balance sheet amounts represent both average and

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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