The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $14,000 Social security and Medicare taxes withheld 1,050 Income taxes withheld 2,600 Retirement savings 1,000 The entry to record the payment of net pay would include a
a. debit to salaries payable for $14,000
b. debit to salaries payable for $9,350
c. credit to salaries expense for $9,350
d. credit to salaries payable for $9,350
b
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An investor buys stock for $5,000 at the beginning of the year. She earns dividends of $200 during the course of the year. At the end of the year, the stock is worth $5,150. The tax rate on dividends and capital gains is 15 percent. The inflation rate is 2 percent. a.Calculate the investor's after-tax real return if she does not sell the stock at the end of the year. b.Calculate the investor's after-tax real return if she sells the stock at the end of the year.
What will be an ideal response?
In word association, responses are analyzed by calculating ________
A) the frequency with which any word is given as a response B) the amount of time that elapses before a response is given C) the number of respondents who do not respond at all to a test word within a reasonable period of time D) all of the above
A set of procedures and approvals for verifying, approving and recording liabilities for eventual cash payment, and for issuing checks for payment only of verified, approved, and recorded liabilities is referred to as a(n):
A. Cash disbursement system. B. Voucher system. C. Internal cash system. D. Petty cash system. E. Cash control system.
A court-appointed person who manages the estate of a person who died without making a will is called a(n)
a. legatee. b. administrator/administratrix. c. devisee. d. residuary legatee.