According to a summary of the payroll of kirby co., $700,000 in earnings were subject to the 7.6% fica tax. also, $108,500 in earnings were subject to state and federal unemployment taxes. round your answers to the nearest cent. a. calculate the employer's payroll taxes, using the following rates: state unemployment, 4.6%; federal unemployment, 0.9%. $ b. illustrate the effects on the accounts and financial statements of recording the accrual of payroll taxes. if no account or activity is affected, select "no effect" from the dropdown list and leave the corresponding number entry box blank. enter account decreases and cash outflows as negative amounts. statement of cash flows balance sheet income statement assets = liabilities + stockholders' equity + = + + + statement of cash flows

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

Bond j has a coupon rate of 6 percent and bond k has a coupon rate of 12 percent. both bonds have 14 years to maturity, make semiannual payments, and have a ytm of 9 percent. a. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?