subject
Business, 01.04.2021 16:10 veikkoaval

Great Lakes Tutoring had the following payroll information on February 28: Employee Gross Pay for this pay period was $4,000 Assume: FICA tax rates are: Social Security 6.2% on a limit of $118,500 and Medicare 1.45%; State Unemployment tax rate is 5.4% on the first $7,000.; Federal Unemployment tax rate is 0.6% on the first $7,000. (No one had earned over the limit as of this calendar date) Using the information above, the journal entry to record the Payroll Tax Expense for Great Lakes Tutoring would include:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:00
Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left
Answers: 1
question
Business, 21.06.2019 21:30
Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)
Answers: 2
question
Business, 22.06.2019 11:00
How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b
Answers: 1
question
Business, 22.06.2019 21:20
Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)
Answers: 2
You know the right answer?
Great Lakes Tutoring had the following payroll information on February 28: Employee Gross Pay for th...
Questions
question
Mathematics, 20.08.2019 19:50
question
English, 20.08.2019 19:50
question
Geography, 20.08.2019 19:50
question
Mathematics, 20.08.2019 19:50
Questions on the website: 13722363