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The summary of the payroll for the monthly pay period ending July 15 indicated the following: sales salaries 115000 federal income tax withheld 32000 Office Salaries 30000 medical insurance withheld 7370 social secuirty tax withheld 10200 medicare tax withheld 2250 Journalize the entries to record the payroll and the employer's payroll tax for the month. The state unemployment tax rate 3.1% and the federal unemployment tax rate .8%. Only $30,000 of salaries are subject to unemployment taxes.
use the following data from a company using a process costing system to answer the question below. beginning work in
Write a memo to Frank discussing these issues.
on the basis of your knowledge of costing systems described which other methodss might the company consider to measure
cactus construction sells 1000000 of 8 bonds on january 1 of the current year. the bonds are unsecured but registered
Brazilia Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The realis Brazil's national monetary unit. On the day of this exercise was written, the realwas equivalent in value to .5092 U.S. dollar.)
Explain why are companies with small levels of inventory usually unconcerned with the choice of variable or absorption costing?
Reef Office Supplies is interested in estimating the cost involved in hiring new employees. The following information is available regarding the costs of operating the Human Resource department at Reef Office Supplies in May when there were 60 new..
What role does GAAP play in how firms determine transfer prices?
alvarez company produces various parts used in the automotive industry. the sales budget for the first eight months of
the topic for your research is based on current literature and you are to identify the basic provisions of the
The program itself, which is accounted for in a special revenue fund, is funded by both direct contributions and the income from the permanent fund. At the start of the year, the special revenue fund had assets (all invested) of $26,000.
Sarah transfers property with an $80,000 adjusted basis and a $100,000 FMV to Super Corporation in a Sec. 351 transaction. Sarah receives stock with an $85,000 FMV and a short-term note with a $15,000 FMV. Sarah's basis in the stock is:
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