the payroll register of seaside architecture company indicates $880 of social security and $217 of medicare tax withheld on total salaries of $15,500 for the period. assume earnings subject to state and federal unemployment compensation taxes are $5,300 at the federal rate of 0.8% and state rate of 5.4%. prepare the journal entry to record the payroll tax expense for the period. if an amount box does not require an entry, leave it blank. if required, round your answers to two decimal places.
Answers
The journal entry for the series of accounting transactions given above will have a debit effect to the Payroll Tax Expenses Account and credit effects to the Social Security Taxes Payable, Medicare Taxes Payable, State Unemployment Tax Payable, and Federal Unemployment Tax Payable to their respective proportions totaling to $1412.50.
A journal entry can be referred to or considered as a primary entry made within the books of accounts. The accounting transactions are always recorded in the chronological order as and when they occur in the business operations. The journal entries are added below for better reference of the readers.
Journal Entries
Account Titles & Explanation Debit Credit
Payroll Tax Expense Ac........Dr. 1412.5
To, Social Security Taxes Payable Ac. 870
Medicare Taxes Payable Ac. 217
State Unemployment Tax Payable Ac. 283
Federal Unemployment Tax Payable Ac. 42
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Related Questions
Nearly all entrepreneurs operate home-based businesses.
Answers
Answer:
yes they do
Explanation:
Answer:
yes they do
Explanation:
Help on this question please
Answers
The answer is:
-A credit card can be used to pay for services, and the user agrees to pay these charges at a later time.
I hope this helped you!
how does tax increase cost of production?
Answers
Answer:
Tax incidence is the effect a particular tax has on the two parties of a transaction; the producer that makes the good and the consumer that buys it. The burden of the tax is not dependent on whether the state collects the revenue from the producer or consumer, but on the price elasticity of supply and the price elasticity of demand. To understand how elasticities influence tax incidence, it is important to consider the two extreme scenarios and how the tax burden is distributed between the two parties.
Answer:
As with the specific tax, the tax raises production costs, but the amount of tax varies with price level.
Explanation:
“Creditors do not actually have to worry about their dues in case the business fails.” In which form of business is this possible? Which special feature is highlighted in this statement ?
Answers
Answer:
sole proprietorship
Explanation:
In simple words, Unique property could be described as a business framework controlled and run by a single individual, therefore there is no separate legal entity and his corporation. It is a form of basic business framework, which is usually used for individuals who start up some sort of corporation.
This is therefore the greatest suitable form of business for the statement of the problem, because in this framework there is really only one proprietor in the corporation who ensures his ultimate responsibility with all earnings, debt obligations and failures underlying in the commercial enterprise.
Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answers
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
If the price of a dvd decreases by 50 percent and the quantity of dvds demanded increases by 75 percent, the price elasticity of demand is
Answers
If the price of DVD drops by 50%, demand will increase by 75%. The price elasticity of demand is: -1.5 is elastic.
Price elasticity of demand 75 (that is, 3/4), which means that the rate of change in quantity demanded is less than or less than the rate of change in price (demand is inelastic or less than 1).
In other words, the quantity demanded is less responsive to changes in the price of that good. Inelastic demand occurs when a change in price causes a small change in the imbalance of quantity demanded. For example, the price of a good with inelastic demand increases by 30%, but the resulting demand decreases by only 10%.
If the elasticity of supply is 0.5, then a 10% increase in price will result in a 5% increase in quantity supplied.
If the price increases by 2%, the quantity demanded increases by 4%, then (c) demand is elastic and the total quantity received decreases. If the demand for a product changes dramatically and the price changes minimally, the demand for that product is said to be elastic.
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These activities on the statement of cash flows represent the cash flows that arise out of the purchase and sale of plant and equipment.
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These transactions on the cash flow statement correspond to the cash flows from the purchase and sale of machinery and equipment (d) Investing Activities.
What cash flows result from actions involving the purchase and sale of assets and investment securities?Capital purchases, loans, and the sale of investment securities are all included in cash flow from investing operations. Additionally, since they constitute an investment for the long run, expenses for property, plant, and equipment fall under this category.
Which of the following appears in a statement of cash flows' operating activity section?This metric, which gauges a company's profitability, is calculated directly from the net profit displayed in the income statement of the business for the relevant period.
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The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
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Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
Management at work you are the proud owner of a small vintage clothing store. your store, fantastic 40s, specializes in clothing from the 1940s. you have four great employees, rebecca, rachel, roberto, and rafael. at first, business was good, but, recently, you have noticed that sales are slipping. puzzled, you turn to your management textbook for some ideas on how to turn things around.
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Answer:
You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you ask two of your sales clerks if they would be willing to work part-time during those months. Management Science.
Management science refers solving problems and making decisions in a company in order to move it forward. By preferring solutions to the problem of slow sales over some months, you have engaged in management science.
You make sure that when you hire new people, you get input from each of the existing team members. if they're happy with the new hire, they're more likely to make that person part of the team, and the team will sell more. Humanistic Management Theory.
With Humanistic Management, the needs, wants and thoughts of employees are taken into account when making decisions because employees are not viewed as simple assets to the company but as humans who are complex. By finding out what your employees think of a new hire you are engaging in the Humanistic theory.
You notice that when customers have too many choices, they are less likely to make a decision about what to buy, so you tell all of your employees to bring out only three things at one time. In addition, you start to pay your employees a commission for every item they sell. Classical Management theory.
Classical management is based on certain premises such as the needs of employees being either physical or economic as well as profit maximization. By offering commissions as incentives you are appealing to the economic need of your employees. By engaging in practices aimed at getting people to buy more, you are engaging in profit maximization.
A customer survey shows that the men who come into the store would prefer to be left alone while they shop, but the women who come into the store want to be asked if they need assistance. you tell your employees to leave men alone and ask women if they want help. Contingency Theory.
Contingent Theory shows that for each situation in a company, it is best to manage it based on the internal and external factors affecting it. In this case men don't need help but women prefer it. Offer help to women but not to men. You are therefore basing actions on the factors affecting this situation.
by taking an airplane one can go from dallas to houston in one hour. the same trip takes 5 hours by bus. of the airfare is $90 and the bus far is $30 which would be the cheapest mode of transportation for someone who could earn $6 per hour during this time?
Answers
The cheapest mode of transport would be to travel by bus.
What determines the choiceThe choice between airplane and the bus would depend on the total income the individual would earn. This is known as opportunity cost.
If the individual travels by plane, it would cost $90. The income the individual would lose would be ($6 x 1) = $6.
If the individual travels by bus, it would cost $30. The income the individual would lose would be ($6 x 5) = $30. Thus, the person would choose to travel by bus.
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Your business uses instant messaging to enable technical support personnel to communicate easily with customers. What should you do to secure technical support computers against potential instant messaging security risks
Answers
Answer:
You should install an antivirus software.
Explanation:
An antivirus can be defined as a software application or program designed to avail end users the ability to prevent, protect, scan, detect, quarantine (move) and even to delete various viruses and malicious programs (malwares) such as rootkit, adware, spyware, etc., from a computer system.
Some examples of antivirus softwares are Avast, Kaspersky, Norton, Eset 360 etc.
In this scenario, your business uses instant messaging to enable technical support personnel to communicate easily with customers.
Hence, what you should do to secure technical support computers against potential instant messaging security risks is to install an antivirus software.
Select all that apply.
Learning styles include all of the following:
bodily/kinesthetic
verbal/linguistic
naturalistic
personal
Answers
Answer:
bodily/kinesthetic
verbal/linguistic
Explanation:
Learning styles can be regarded as range of competing as well as contested theories which analyse
differences that exist learning of in individuals. It should be noted that the Learning styles includes
✓bodily/kinesthetic
✓verbal/linguistic
Answer:
verbal/linguistic
bodily/kinesthetic
naturalistic
Explanation:
checked answer on Odyssey
A(n) _____ example is choosing to get a job right out of high school instead of going to college.
fixed cost
opportunity cost
variable cost
none of the above
Answers
Answer:
none of the above
Explanation:
Fixed costs describe business expenses that remain constant throughout a financial period. They are costs that are not influenced by the level of productions.Opportunity cost refers to the forfeited benefits of choosing one option over the others. It is calculated as the cost of the next best alternative.Variable costs are business costs that vary with the production level. An increase in output increases the variable costs, while a decrease in production means lower variable costs.An apprenticeship is an example of choosing to get a job right out of high school instead of going to college.
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
What are common characteristics of jobs in the Recreation, Amusements, and Attractions pathway? Check all that apply. part-time travel-related self-employed entry-level food service cleaning service
Answers
Answer part time,self employed,entry level
Explanation:
Within a career cluster, a career pathway is a smaller collection of occupations that employ similar abilities. There are various job paths in each career cluster.
The options, part-time, self-employed, entry-level is the common characteristics.
An example to describe characteristicsSteve works for a modest hotel chain as a generic maintenance worker. When a guest has a problem with their air conditioner or television, he is summoned. Steve works in the Recreation, Amusements, and Attractions route of the Hospitality and Tourism cluster.For more information about job characteristics, refer below
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My career is a traveling nurse
Answers
Answer:
Step by step explanation
How can a diverse economy like the United States, satisfy the needs of its consumers?
Answers
Answer:
Supply and Demand
Explanation:
The level of the Syldavian market index is 21,000 at the start of the year and 25,500 at the end. The dividend yield on the index is 4.2%. a. What is the return on the index over the year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Return % b. If the interest rate is 6%, what is the risk premium over the year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Risk Premium % c. If the inflation rate is 8%, what is the real return on the index over the year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real Return %
Answers
The return on the Syldavian market index over the year is 21.43%.
What is the calculation for determining the return on the index?To calculate the return on the index, we can use the following formula:
Return = ((Ending Value - Beginning Value) + Dividends) / Beginning Value
In this case, the beginning value is 21,000 and the ending value is 25,500. The dividend yield is given as 4.2%. To convert this percentage into a decimal, we divide it by 100.
Using the formula, the return on the index is calculated as:
Return = ((25,500 - 21,000) + (0.042 * 21,000)) / 21,000
Simplifying the equation, we get:
Return = (4,500 + 882) / 21,000
Return = 5,382 / 21,000
Return ≈ 0.256
Converting this decimal into a percentage, we find that the return on the index over the year is approximately 25.60%.
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In zombia, it takes 10 resources to produce 1 ton of cocoa and 13. 5 resources to produce 1 ton of rice. In south curmudgea, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Zombia has a comparative advantage over south curmedgea in.
Answers
The theory of comparative cost advantage is based on many assumptions and one of those assumptions is that "the production of commodities is done under the law of constant costs or returns".
It is presumable that constant returns to scale will make computations easier and produce useful generalizations that may be applied to the economy. Diminishing returns to scale is a more sensible assumption that is not made in the theory of comparative cost advantage, meaning that when inputs are employed more and more, their marginal product or contribution to production decreases. Furthermore, according to the comparative cost advantage theory, once a nation has determined its comparative advantage, all of its resources are put toward producing that good; as a result, the production process should reflect diminishing returns to scale rather than assuming constant returns to scale.
Any item that is readily available to us in our environment, is commercially viable, has access to modern technology, is culturally sustainable, and helps us to meet our requirements and fulfill our wants is referred to as a resource. Based on their availability, resources can be roughly classified into categories that are renewable and non-renewable.
They can also be divided into real and potential categories based on their level of development and use, biotic and abiotic categories based on their origin, and localized and omnipresent classifications depending on their dispersal (private, community-owned, national, and international resources). An item might develop into a resource over time as technology develops. Utilizing resources effectively can lead to increased income, efficient system operation, or improved well-being.
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What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Answers
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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why do economists believe that our free enterprise system depends on the protection of private property rights?
Answers
Private ownership encourages people to develop their property in ways that benefit others.
Why do economists think private ownership helps improve property?
Private property encourages efficiency by providing the resource owner with an incentive to increase the value of their holdings. The more trading power a resource gives its owner, the more valuable it is. This is so that property owners in a capitalist system are entitled to any value attached to their property.
Private property ownership stimulates land development for the good of others. Property owners frequently make the best use of their properties.
It is advantageous because owners are motivated to maintain the property. What does market regulation serve in terms of economics? to have an impact on people's and businesses' economic behavior.
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List the sourcesvof obtaining inform related to foriegn employment ..
Answers
Answer:
not having any idea.........
Explanation:
⚘ Correction :List the sources of obtaining information related to foreign employment.⚘ Answer :Different sources of information are available for foreign employment. The institutions and individuals involved in foreign employment - related work and their web sites and training institutions and their publications provide information on foreign employment. Some of the sources of obtaining information related to foreign employment are mentioned below with description :
✎ Noticeboards : Manpower companies put vacancy announcement notice on the noticeboards as demanded by foreign employers. The following details are included in the demand paper and the same are stated in the notice.
Name of a countryName of companyNumber of vacancyMinimum qualificationMonthly salaryContract periodFacilitiesRequired skills✎ Booklets : Information can be obtained from booklets published by concerned authorities and institutions. Required skills , qualification , training , ability , post etc. are published in the booklets.
✎ Institutions or individuals involved in foreign employment : Foreign employment may directly contact the government offices to demand required workers. Therefore , we can contact such offices to obtain information.
✎ Publication of training institutions : Publications of training institutions , which provide employment - oriented training can be reliable sources of information for foreign employment.
✎ Web sites : Web sites of employers are reliable sources of information for foreign employment. Interested candidates can apply for the job through the Internet or web sites. Physical contact is not necessary for selection procedures.
✎ Newspapers and magazines : Newspapers are very popular means of communication. They are published daily , weekly , fortnightly and monthly basis. Notices on foreign employment are published in such newspapers and magazines. Clear details are included in the notices .
✎ Radio , F.M and Television : Radio , F.M and television disseminate information immediately to public. These are very popular and important means of communication. They broadcast different entertaining programmes , news , information etc. They also broadcast information on foreign employment.
✎ Public relation : Public relation is another source of information on foreign employment. We can obtain information through individuals , symposiums , meetings , interaction programmes etc.
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What features should you present when demonstrating 2022 murano’s confident cornering?
Answers
Based on the automobile analysis, the features one should present when demonstrating 2022 Murano's confident cornering include "4-wheel independent suspension."
What is Cornering in a vehicle?Cornering is a term that describes the extent of the force wielded on the vehicle's center of gravity.
Other features one should present when demonstrating 2022 Murano's confident cornering Intelligent All-Wheel DriveElectrically driven hydraulic power steering2022 Murano is a modern vehicle produced by Nissan Manufacturer. It comes with the latest design, swift navigation component, and easy-to-handle features.
Hence, in this case, it is concluded that the 2022 Murano is one of the latest vehicles to possess.
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one important reason to review your credit report, at least annually, is to guard against:
Answers
One important reason to review your credit report at least annually is to guard against identity theft or fraud.
To protect yourself against fraud or identity theft, reviewing your credit report at least once a year is crucial. You can keep an eye out for any unusual behaviour, such as accounts you didn't start, inaccurate personal information, or fraudulent transactions, by checking your credit report frequently.
You can take action to fix any mistakes or unauthorised activities if you find them to keep your credit score from declining further. Additionally, looking over your credit report may help you spot areas where your credit history needs work and allow you to take proactive measures to raise your credit score.
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A cover letter accompanies_____?
A. a college application
B. the FAFSA
C. a letter of recommendation
D. a résumé
Answers
Answer:
B brainliest?
Explanation:
An economy that using its resources to produce the maximum number of goods and services is described as? A. Efficient B.underutilized C.growing. D.trading off
Answers
Answer:
underutilized
Explanation:
Lena is a salesperson. As part of negotiation with her prospect during the sales process, Lena finds out what other competitors' products or services the prospect is considering. Thus, she gains insight into what the prospect is looking for and willing to pay. In this scenario, Lena is most likely in the _____ phase of negotiation.
Answers
Lena is most likely in the Investigative phase of negotiation.
In business, negotiation refers to the strategic discussion that takes place between the potential buyer and sellers who are trying to reach an agreement which favors both party.
The phase of Negotiation includes;
The investigation phase is the phase whereby both party are deciding the best price for themselves.The phase of determining the Best Alternative to a Negotiated Agreement (BANA)The presentation phaseThe bargaining phase is the phase of stating price from both partyThe closure phase.is the phase where conclusion have been reached.Therefore, in this case, Lena is most likely in the Investigative phase of negotiation.
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Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?
Answers
It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business
~It has created employment
~It has reduced rural-urban migration since some businesses have been set up in Rural areas.
~Saving imports since goods can be locally produced reducing the cost of importing them
~It has raised people's standard of living since one can acquire goods he/she can't produce
~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs
The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft
in 1898, bayer laboratories marketed diacetylmorphine tablets under the brand name:_____
Answers
The brand name under which Bayer Laboratories marketed diacetylmorphine tablets in 1898 was "Heroin."
In 1898, Bayer Laboratories, a pharmaceutical company, introduced diacetylmorphine tablets to the market under the brand name "Heroin." At that time, diacetylmorphine was marketed as a non-addictive alternative to morphine and was initially promoted as a cough suppressant and a remedy for respiratory ailments. The name "Heroin" was derived from the German word "heroisch," which means "heroic" or "strong," indicating the perceived potency and effectiveness of the drug.
In 1898, Bayer Laboratories marketed diacetylmorphine tablets under the brand name "Heroin." However, it later became evident that diacetylmorphine, now known as heroin, is a highly addictive substance with significant health risks, leading to its prohibition and control as a controlled substance in many countries.
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Why is it a good idea to be organized in the workplace?
Answers
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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