Business, 28.11.2019 00:31, prinxcess1206
On january 8, the end of the first weekly pay period of the year, regis company’s payroll register showed that its employees earned $22,760 of office salaries and $65,840 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,340 of medical insurance deductions, and $840 of union dues. no employee earned more than $7,000 in this first period.1. calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. the federal unemployment tax rate is 0.6%. (round your answers to 2 decimal places.)2. prepare the journal entry to record regis company’s january 8 (employee) payroll expenses and liabilities. (round your answers to 2 decimal places.)3. prepare the journal entry to record regis’s (employer) payroll taxes resulting from the january 8 payroll. regis’s merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. the federal unemployment tax rate is 0.6%.
Answers: 1
Business, 22.06.2019 10:30, abigail251
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
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Business, 22.06.2019 12:00, elianagilbert3p3hh63
Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening. a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number. include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i. e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?
Answers: 1
On january 8, the end of the first weekly pay period of the year, regis company’s payroll register s...
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