If, prior to the last weekly payroll period of the calendar year, the cumulative earnings for an employee are $98,800, earnings subject to social security tax are $100,000, and the tax rate is 6.0%, the employer's social security tax on the $2,000 gross earnings paid on the last day of the year is $120
Indicate whether the statement is true or false
False
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The totaling of each side of a T account is known as_____________
Fill in the blank(s) with correct word
Select the action that matches the category of internal control procedures. (Select all that apply.) Independent review and appraisal
a. One department should check on another b. Internal audit staff ensure all is working as intended c. Accounting and cash collection is properly separated d. Blank checks are locked at all times when not in use e. Origination of initial entry into accounting system f. Specific authority is given by management for the performance of activities
In response to charges of ________, marketers point out that because of ads, many television and radio sites are free to users and also keep down the cost of magazines and newspapers
A) deceptive pricing B) creating false wants C) creating materialism D) high promotion costs E) cultural pollution
Thanks to social media, it is no longer important to network when you are trying to get a jump on the competition for a job
Indicate whether the statement is true or false