Business, 30.07.2021 02:20, limelight11
Payroll Entries Widmer Company had gross wages of $256,000 during the week ended June 17. The amount of wages subject to social security tax was $230,400, while the amount of wages subject to federal and state unemployment taxes was $32,000. Tax rates are as follows:
Social security 6.0%
Medicare 1.5%
State unemployment 5.4%
Federal unemployment 0.8%
The total amount withheld from employee wagen for federal taxes was $51,200.
a. Journalize the entry to record the payroll for the week of June 17. June 7
b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. June 7
Answers: 1
Business, 22.06.2019 19:50, alexdziob01
Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?
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Business, 22.06.2019 23:00, terrickaimani
Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers
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Payroll Entries Widmer Company had gross wages of $256,000 during the week ended June 17. The amount...
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