Urban Window Company had gross wages of $309,000 during the week ended July 15. The amount of wages subject to social security tax was $278,100, while the amount of wages subject to federal and state unemployment taxes was $39,000. Tax rates are as follows:
Social security 6.0%
Medicare 1.5%
State unemployment 5.4%
Federal unemployment 0.6%
The total amount withheld from employee wages for federal taxes was $61,800.
Required:
a. Journalize the entry to record the payroll for the week of July 15.
b. Journalize the entry to record the payroll tax expense incurred for the week of July 15.
Answers: 2
Business, 22.06.2019 18:00
When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?
Answers: 1
Business, 23.06.2019 01:10
Atariff on avocadoes the price of avocadoes, consumers' surplus for avocado buyers, producers' surplus of avocado growers and tariff revenue. because the loss to is more than the gain to there is a net loss to society.raises; decreases; increases; generates; consumers; producers and government raises; increases; decreases; does not generate; producers and government; consumers lowers; increases; decreases; does not generate; producers and government; consumers raises; increases; decreases; generates; producers; consumers and government
Answers: 2
Business, 23.06.2019 07:50
To record a 6% stock dividend, accountants use to record a 55% stock dividend, accountants use a. par value per share; market price per share b. par value per share; par value per share c. market price per share; market price per share d. market price per share; par value per share
Answers: 1
Business, 23.06.2019 12:40
On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds of $393,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is:
Answers: 2
Urban Window Company had gross wages of $309,000 during the week ended July 15. The amount of wages...
Engineering, 02.03.2020 04:25
Mathematics, 02.03.2020 04:25
Mathematics, 02.03.2020 04:26
Chemistry, 02.03.2020 04:26
Mathematics, 02.03.2020 04:26
Geography, 02.03.2020 04:27
Mathematics, 02.03.2020 04:27
Mathematics, 02.03.2020 04:27
History, 02.03.2020 04:27
English, 02.03.2020 04:27
Physics, 02.03.2020 04:28
Mathematics, 02.03.2020 04:28
Mathematics, 02.03.2020 04:28