The federal portion of the 6.2% federal unemployment tax rate is:

a. 1.0%.
b. 0.8%.
c. 5.4%.
d. 0.08%.
e. 6.0%.


b

Business

You might also like to view...

On December 31, Carmack Company's Prepaid Insurance account had a balance before adjustment of $6,000. The insurance was purchased on July 1 of the same year for one year of insurance coverage, with coverage beginning on that date. The adjusting entry needed on December 31 is:

A. Debit Insurance Expense $3,000; credit Prepaid Insurance $3,000. B. Debit Prepaid Insurance $6,000; credit Cash $6,000. C. Debit Insurance Expense $6,000; credit Accounts Payable $6,000. D. Debit Cash $6,000; credit Prepaid Insurance $6,000. E. Debit Insurance Expense $3,000; credit Accounts Payable $3,000.

Business

The following transactions for the month of March have been journalized and posted to the proper accounts

Mar. 1 The business received $9,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $900. Mar 3 Purchased equipment by paying $3,000 cash and executing a note payable for $7,000. Mar. 4 Purchased office supplies for $730 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $7,900 on account for the services previously recorded. What is the balance in Cash? A) $13,170 B) $12,270 C) $15,270 D) $13,900

Business

In a tenancy in common, the interests are undivided

Indicate whether the statement is true or false

Business

An easement that is appurtenant passes to the new owner of the land

Indicate whether the statement is true or false

Business