Jack, an employee of Desert Sky, Inc., has gross salary for May of $9000. 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 21%. 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 $9000
B) debit to Cash for $6601.50
C) debit to Employee Income Taxes payable of $1890.00
D) credit to FICA-Medicare Taxes Payable of $130.50
D) credit to FICA-Medicare Taxes Payable of $130.50
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Disclosure frauds occur through misrepresentations about the company or through what other intentional act?
a. omissions in the footnotes to the financial statements b. falsely increasing sales c. creating off-balance sheet accounts d. conducting related-party transactions
Which of the following would be a good final question during the interview process?
A) Did I get the job? B) When can I expect an offer? C) When will a decision be made? D) How much does this job pay? E) Is there anything I can work on to do better on the next interview?
Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$233,000Cash dividends declared for the year 50,000Proceeds from the sale of equipment 85,000Gain on the sale of equipment 4,500Cash dividends payable at the beginning of the year 22,000Cash dividends payable at the end of the year 30,000Net income for the year 110,000The amount of cash paid for dividends was:
A. $42,000. B. $58,000. C. $50,000. D. $60,000. E. $52,000.
Parameters are
A. numerical characteristics of a sample. B. numerical characteristics of a population. C. the averages taken from a sample. D. numerical characteristics of either a sample or a population.