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Question: Alex operates a small café restaurant and pays his employees monthly. The total gross pay is $8,000, employment insurance is $126, pension plan is $420 and taxes withheld are $2,160. Alex pays $500 for their health plan as well. Assuming the employer's contribution is 100% for CPP and 140% for employment insurance, what account(s) will be debited and by how much in recording the journal entry for Alex's contributions?
the city of cherokee hills is adjacent to a freeway leading to anearby metropolitan area na has grown rapidly from a
On the basis of the information above, compute the total amount to be reported by Langrova for intangible assets on its balance sheet at December
What amount of gain or loss will be reported in Dundee's 20X8 income statement on the retirement of bonds?
Accounting standards are now awash with principles of ‘fair value' and tiers of determining how to calculate such. Auditors sign off that the accounts comply with the appropriate accounting standards.
The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales
Earl Massey, director of marketing, wants to reduce the selling price of his company's products by 15% to increase market share.
Bear Island Ltd has a weekly payroll of $300 000. Calculate the expected annual sick-leave expense for Bear Island Ltd (on the basis of average salaries)
How would you paraphrase the definition of equilibrium price?Equilibrium price occurs when supply and demand quantities meet.Equilibrium price occurs when price and demand are consistent.Equilibrium price is established when buyers' and sellers' pric..
Winters Company uses a standard cost system. Prepare an income statement for management for the month ended January 31, 2011
HV Resources Ltd is proposing a 1 for 5 pro-rata renounceable rights issue. Calculate the value of a right in HV Resources Ltd
An employee's share of both FICA taxes was $4,054.50.Given that this employee did not exceed the FICA earnings limitation, compute gross pay
carlos consulting inc. provides financial consulting and has collected the following data for the next years budgeted
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