Which of the following transactions will not result in an increase in revenues?
a. Sale of goods on credit
b. Sale of services for cash
c. Accumulation of interest in bank account
d. Sale of stock to investors for cash
D
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An employee earns $5950 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. The employee has $200 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $168 and contributes $84 to a retirement plan each month. What is the amount the employer should record as payroll taxes expense for the employee for the month of January?
A. $499.18 B. $455.18 C. $664.18 D. $812.18 E. $902.93
Which of the following conditions inspired the establishment of the Federal Sentencing Guidelines for Organizations (FSG) in 1991?
a. disparity between CEO sentencing and upper management sentencing b. overly harsh sentencing by judges for work-related crimes to satisfy public outrage c. easy cover-ups by management of work-related crimes d. wide variation in sentencing decisions for work-related crimes
The collective bargaining process may include activities such as strikes and boycotts.
Answer the following statement true (T) or false (F)
Mc-Queen Chicken ? Lenny decided to open a local franchise of the well-known Mc-Queen Chicken, a fast-food restaurant. Before he took the initiative to open the franchise, he tried to weigh all the advantages and disadvantages. He decided, based on his research and understanding, that it would be beneficial to open a local fast-food restaurant. Refer to Mc-Queen Chicken. Which of the following would be an advantage for Lenny?
A. Guidance from the franchisor B. Franchise holders paying for their security C. Disagreements increasing D. Contract disputes E. The franchisor maintaining a great deal of control