In january gross earnings in vega company totaled 71100 all

Assignment Help Accounting Basics
Reference no: EM13597905

In January, gross earnings in Vega Company totaled $71,100. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2. Round answers to 0 decimal places, e.g. 125.)

Reference no: EM13597905

Questions Cloud

Aerotoy company makes toy airplanes one plane is an : aerotoy company makes toy airplanes. one plane is an excellent replica of a 737 it sells for 5. vacation airlines wants
Capital balances in midway co are messer 43780 isch 27110 : capital balances in midway co. are messer 43780 isch 27110 and denny 13630. messer and isch each agree to pay denny
Jennifer devine and stanley farrin decide to organize the : jennifer devine and stanley farrin decide to organize the all-star partnership. devine invests 14150 cash and farrin
Prior inc has decided to raise additional capital by : prior inc. has decided to raise additional capital by issuing 175000 face value of bonds with a coupon rate of 10. in
In january gross earnings in vega company totaled 71100 all : in january gross earnings in vega company totaled 71100. all earnings are subject to 8 fica taxes 5.4 state
Cindy neuers regular hourly wage rate is 16 and she : cindy neuers regular hourly wage rate is 16 and she receives an hourly rate of 23 for work in excess of 40 hours.
What is the amount of income tax that the company has paid : the following journal entry summarizes for the current year the income tax expense of wilsons software warehouse of the
The accountant at cedric company has determined that income : the accountant at cedric company has determined that income before income taxes amounted to 7000 using the fifo costing
Your roommate jill blalock purchased a new portable dvd : your roommate jill blalock purchased a new portable dvd player just before this school term for 80. shortly after the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare an income statement for the month of june

Prepare an income statement for the month of June, Prepare a balance sheet at June 30,2010 - Show the effects of the previous transactions on the accounting equation using the format.

  Which of the following is correct unearned revenues are

which of the following is correct? unearned revenues are considered increases to stockholders equity. working capital

  Soldner health care products inc expects to maintain the

soldner health care products inc. expects to maintain the same inventories at the end of 2014 as at the beginning of

  Computing variuos accounting measures

Sawaya Company had depreciation and amortization expenses of $522,311, interest expenses of $114,077, and an EBITDA of $1,521,087 for the year ended June 30, 2010. What is the Times Interest Earned for this company?

  Widgets for production

Kasten, Inc. budgeted 10,000 widgets for production during 2010. Kasten has capacity to produce 12,000 units. Fixed factory overhead is allocated to production. The following estimated costs were provided:

  Leeds architectural consultants uses a job-order costing

leeds architectural consultants uses a job-order costing system and applies studio overhead to jobs on the basis of

  Prepare baileys journal entry to correct depreciation

In 2010, Bailey Corporation discovered that equipment purchased on January 1, 2008, for $50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%.

  Gerard has a nltcg of 20000 and a nstcl of 30000 what is

1.on september 10 2010 an investor purchased 1000 shares of melon corporation for 10000. on july 2 2011 the stock

  Depreciation expense for the year

What will be the Book value of asset if its Original cost is Rs. 50,000; Accumulated depreciation is Rs. 20,000; and Depreciation expense for the year is

  Fantastic sounds corp an electric guitar retailer was

fantastic sounds corp. an electric guitar retailer was organized by pam mikhail jane lo and dale nadal. the charter

  The financial statements of abc co appear below using the

the financial statements of abc co. appear belowabc co.comparative balance sheetdecember 31

  Calculate advantage or disadvantage in dropping product c

Calculate the advantage or disadvantage in dropping Product C. (Input the amount as a positive value. Omit the "tiny_mce_markerquot; sign in your response.)

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