Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company: Salaries expense $24,000 Social security and Medicare taxes withheld 1,100 Income taxes withheld 5,000 Medical insurance deductions 500 Life insurance deductions 400 Salaries subject to federal and state unemployment taxes of 6.2 percent
8,000 The entry to record the accrual of federal unemployment tax (assume FUTA tax of 0.8 percent) would include a
A) credit to Federal Unemployment Tax Payable for $64.
B) debit to Federal Unemployment Tax Payable for $64.
C) debit to FUTA Tax Expense for $64.
D) credit to Payroll Taxes and Benefits Expense for $64.
A
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Johan steals Krispin's car and sells it to Lemar. Krispin can recover the car from Lemar
a. only if Lemardid not know that the car was stolen. b. only if Krispin pays to Lemar the amount that Lemar paid to Johan for the car. c. only if Lemarknew that the car was stolen. d. under any circumstances.
When a company sells a piece of equipment or land, any gain (sales price less the book value of the
asset or residual value) is thought to be a capital gain. Indicate whether the statement is true or false
Define biometric system. Identify four common biometrics
What will be an ideal response?
One example of complementary goods is ________
A) cheese and crackers B) cable television and Internet service C) dog food and a dog bowl D) a cell phone and wireless phone service E) magazines and newspapers