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Question - Main Street Restaurant incurred salaries expense of $60,000 for 2016. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $17,000 is subject to unemployment tax. The percentages for the taxes are as follows: OASDI-6.2%, Medicare 1.45%, Federal Unemployment .6%, and State Unemployment 5.6%.
Journalize the employer's payroll taxes.
the thomas supply company inc. is a distributor of gas-powered generators. as with any business the length of time
Petroleum Corporation received a $250,000 life insurance settlement when its CEO died. At that time, the cash surrender value was $16,000.
green golf accessories sells golf shoes gloves and a laser-guided range-finder that measures distance. shown below are
slopeside condominiums is a 100-unit condominium complex in north-central vermont situated near several major ski area.
The company raised $5,000 in new equity and Its tax rate is 35 percent and the retention ratio is 0.5, what was the cash flow to stockholders
Consider a bank where potential customers arrive at rate of 60 customers per hour. However, because of limited space, one out of every four arriving customers finds the bank full and leaves immediately (without entering the bank).
on april 30th2004 hackman corporation issued 1 million face value 12 bonds dated january 12004 for 1040000 plus accrued
The new FASB standard makes use of two classifications for leases
prior to june 1 a company has never had any treasury stock transactions. a company repurchased 100 shares of its common
After reading an article about activity-based costing in a trade journal for the furniture industry, Santana Rey wondered if it was time to critically analyze.
In a 1-2 page paper, please complete the following: Discuss the production costing method(s) used by your chosen company.
Record the entry to write-off specific accounts. Record the entry to adjust allowance for uncollectible accounts at the year-end.
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