Larry, an employee of Ramsay's, Inc, has gross salary for March of $4,000
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 18%. Larry has a deduction of $320 for health insurance and $80 for United Way. Which of the following is included in the entry to record the liability of payroll withholding deductions?
A) debit to Salaries Payable
B) credit to United Way Payable
C) debit to FICA Taxes Payable
D) debit to Cash
B
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When considering sharing bad news within an organization, managers must commit to
A) determining what an employee may be implying, but not saying. B) responding only when each detail has been researched thoroughly. C) punishing those employees who spread bad news in the workplace. D) limiting the communication channels. E) listening when employees have negative information to share.
Identify and describe the measures retailers use to assess their financial performance.
What will be an ideal response?
The party that has the right to exercise a call option on callable bonds is:
A. The bond trustee. B. The bond issuer. C. The bondholder. D. The bond indenture. E. The bond underwriter.
Consumption ratios are useful in determining the existence of product-line diversity.
Answer the following statement true (T) or false (F)