Karen kluster opened lube and wash

Assignment Help Accounting Basics
Reference no: EM131116543

Karen Kluster opened Lube and Wash on January 1, 2013. The business is subject to FICA taxes. At the end of the first quarter of 2013, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Using Form 941(Parts 1 through 5), reproduced on pages 3-42 and 3-43, prepare, sign, and date the return on the basis of the information shown below.

Employer's address:

234 Oak, Austin, TX 78711-0234

Employer's ID number:

00-0005874

Phone number:

(512) 555-1111

Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 2013. All pay periods were the same.

Reference no: EM131116543

Questions Cloud

Calculate the breakeven point : Maverick Backpacks makes backpacks. They have a monthly fixed cost level of $50,000 and marginal costs of $3.00 per backpack. They wholesale their backpacks for $10.00 each. Calculate the breakeven point. What is their profitability at the following ..
Performance management system is strategic congruence : WD-40 is a company headquartered in San Diego, California and whose products are found under the sink, in the garage, and in toolboxes of customers all over the world. The company produces lubricants, heavy-duty hand cleaners, toilet bowl cleaners, b..
The total dividends and the per-share dividends : Da Show Inc. owns and operates movie theaters throughout Texas and California. Da Show has declared the following annual dividends over a six-year period: 2003, $18,000; 2004, $54,000; 2005, $70,000; 2006, $75,000; 2007, $80,000; and 2008, $90,000..
About social responsibility-sustainability and ethics : How can BP prove to its stakeholders that it is serious about social responsibility, sustainability, and ethics, and that its efforts are not just a public relations ploy? What strategic issues would you focus on in trying to repair the company's rep..
Karen kluster opened lube and wash : Karen Kluster opened Lube and Wash on January 1, 2013. The business is subject to FICA taxes. At the end of the first quarter of 2013, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Using Form 94..
Discuss common work related concerns pertaining to wage : Should employees be allowed to use company e-mail systems to discuss common work related concerns pertaining to their wages, benefits, and other terms and conditions of employment? How about to discuss unionizing? If not, what types of restrictions s..
Company began selling magazine subscriptions : A review of the ledger of Obi Company at December 31, 2010, produces the following data pertaining to the preparation of annual adjusting entries.
Large corporation announces to the shareholders company : Imagine a CEO of a large corporation announces to the shareholders company made $1B in profits in the year that has just ended, which is much as what they made in the previous year. How will the market react. such news? In other words, how will the s..
How is performance measured in your current job : How is performance measured in your current job? What leadership performance does your organization employ?

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