Mrs. lincoln was employed by ggh inc. until october, when he accepted a new position with murdock inc. mrs. lincoln earned $145,000 compensation from ggh and $36,000 compensation from murdock. which of the following statements is false? multiple choice both ggh and murdock must pay the full amount of employer payroll tax on the compensation paid to mrs. lincoln. murdock must withhold medicare tax from mrs. lincoln's $36,000 compensation. mrs. lincoln is entitled to an income tax credit for both excess social security tax and excess medicare tax withheld by her employers this year. murdock must withhold social security tax from mrs. lincoln's $36,000 compensation.

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.