Make entries to the journal related to the debts

Assignment Help Financial Accounting
Reference no: EM133171008

Question - Determine the amounts that must be reported on the employee's W2.

Calculate the Social Security and Medicare payment that the employer must make.

Calculate the state unemployment that the employer must pay at the rate of 6% of the first $10,000 that the employee earns.

Make entries to the journal related to the debts contracted with the different agencies in contributions by the employer.

Employee Name Weekly Salary Retirement Pay

Town John $1,250.00 $21.93

Ramonita Ramírez 950.00 37.12

Brenda Montalvo 1,100.00 88.00

Camilo Monge 590.00 23.02

Jorge Emmanueli 860.00 92.00

Mariel Estrada 1,020.00 48.00

Emmanuel Reyes 750.00 25.60

Ernesto Ramírez 640.00 26.40

Daniela Morales 1,000.00 32.68

Angel Carrasquillo 860.00 68.80

Reference no: EM133171008

Questions Cloud

Increased trust for IT organization : What is likely to have led to increased trust for the IT organization? 3. What maturity level did KLM appear to exhibit (a) in 2000 and (b) in 2011? Why?
Calculate the internal rate of return on the weaving machine : The machine under consideration costs $113,004 and will save the company $20,000 in direct labor costs. Calculate internal rate of return on the weaving machine
Prepare carissa cola soda company journal entries : The bonds are issued at 103. Prepare Carissa Cola Soda Company's journal entries for (a) January 1, (b) July 1, and (c) December 31
Develop a risk management and contingency plan : Develop a risk management and contingency plan for all your proposed financial plans; along with a policy and procedure to be followed when implementing these
Make entries to the journal related to the debts : Make entries to the journal related to the debts contracted with the different agencies in contributions by the employer
Do you agree with the change and recognize gains : The J Company has zero net income in 2021, but its stock price has increased to $21.4 million. Do you agree with the change and recognize gains
Calculate your monthly mortgage payment : Assume current interest rates are approximately 3.35% on a 5 year fixed term, amortized over 25 years. Calculate your monthly mortgage payment
Prepare ben journal entries for the january issuance : The Ben Baseball Company issued $366,000 of 10% bonds on January 1, 2013. Prepare Ben journal entries for the January issuance
Develop and submit your annual budget : Develop and submit your annual budget as outlined above - completed budget and arrange an appointment with your trainer, who will role- play finance specialist

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the fair value of the debentures

ACC204 - Advanced Financial Accounting Assignment. On 1 July 2015 Kruger Ltd privately issues $900 000 million in six-year debentures, which pay interest each six months at a coupon rate of 6 per cent per annum. Determine the fair value of the debe..

  Prepare the reversing entry for each item where appropriate

The Accounts Receivable Balance as at 31/12/X0 before the write-off is $1,030,000, Prepare the reversing entry for each item where appropriate

  Determine what will current liability in fire ltd statement

Determine What will be the current liability in fire Ltd's statement of financial position as at 30 September 2020 in respect of this lease?

  Rule in their mortgage decisions

Mortgage lenders have the "36/28" rule in their mortgage decisions. The "36/28" rule suggests that a borrow's monthly mortgage payment does not exceed 28% of his/her gross monthly income and that the total monthly payment does not exceed 36% of the g..

  What is expected return and standard deviation of portfolio

You form a portfolio with 60% of your investment in company 1 and remaining 40% in company 2. What is the expected return and standard deviation of portfolio

  How human behavior has affected financial outcomes

How human behavior has affected financial outcomes during a pandemic and the new developments that are being reviewed in behavioural financial space?

  Which shall not be presented in the current asset section

Which shall not be presented in the current asset section of Statement of Financial Position? Which is a minimum line item in Income Statement?

  Using the predetermined overhead rate

Dacosta Company had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overh..

  Apply indirect costs to goods and services

How is cost accounting information used to control a business organization

  Find what is the operating cash flow for year two

A company is considering a new 6-year project, The company has a tax rate of 40 percent. What is the operating cash flow for Year 2?

  What tax factors should bridgette consider

Bridgette is known as the “doll lady.” She started collecting dolls as a child, always received one or more dolls as gifts on her birthday, never sold any dolls, and eventually owned 600 dolls. She is retiring and moving to a small apartment and has ..

  Find what amount of the costs should be capitalized

Installation of attachment £5,000. Labor and overhead in connection with renovation of press £7,000. What amount of the costs should be capitalized?

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