Which of the following statements is correct?
A. Bonds with lower coupon payments will have very little interest rate risk.
B. Bonds with higher credit ratings will have very little interest rate risk.
C. Bonds with short-term maturities will have very little interest rate risk.
D. All of these choices are correct.
Answer: C
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The employee/payroll master data is the central repository of data about people who work for an organization
Indicate whether the statement is true or false
A(n) _____ is a business event such as a sale, a purchase, the hiring of a new employee, and the like.
A. encryption B. allocation C. decryption D. transaction
In a brief essay, explain the major benefits of direct marketing
What will be an ideal response?
Jack, an employee of Desert Sky, Inc, has gross salary for May of $16,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 24%. Which of the following is a part of the journal entry for accrual of the employer payroll taxes? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Jack's income to date exceeds the FUTA and SUTA tax income limits. A) credit to Salaries Payable for $16,000 B) debit to Cash for $11,256.00 C) debit to Employee Income Taxes payable of $3,840.00 D) credit to FICA-Medicare Taxes Payable of $232.00