Hannah orally agrees to sell her house to Brett for $175,000. If she delivers the deed to Brett with the expectation of payment in two weeks and he fails to pay, most courts will not enforce the contract since it was not in writing
Indicate whether the statement is true or false
False
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A hug, a pat on the back, or a slap on the face is a powerful form of communication called
A) haptics B) proxemics C) oculesics D) kinesics
Sample methods that embody random sampling are often termed probability sampling methods
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. David, an employee of Cecil, Inc., has gross salary for March of $5,900. The entire amount is under the OASDI limit of $118,500, and thus subject to FICA. He is also subject to federal income tax at a rate of 30%. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. The journal entry to record the employer's payroll tax expense includes a credit to FICA-OASDI Taxes Payable for $365.80. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) 2. Joel, an employee of Cruise Travel, Inc., has gross salary for March of $5,200. The entire amount is under the OASDI limit of $118,500, and thus subject to FICA. He is also subject to federal income tax at a rate of 29%. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. The journal entry to record employer's payroll tax expense includes a credit to FICA-Medicare Taxes Payable for $150.80. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) 3. The journal entry to record the employer's payroll tax expense will include a debit to Employee Income Taxes Payable. 4. Maywood Company withholds $720 from Steve's paycheck for federal income tax. This amount is part of the company's payroll tax expense.
When a pension plan satisfied all the government mandated requirements for it to receive a tax advantaged status, it is referred to as a
A) defined benefit plan. B) qualified retirement plan. C) normal retirement plan D) individual savings plan.