The entry to record the Social security and Medicare taxes paid by a business includes a debit to Payroll Taxes Expense.
Answer the following statement true (T) or false (F)
True
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Silvia is a single individual who has an income of $80,000. Todd is a single individual who has an income of $35,000. Neither of them itemizes their deductions. Both taxpayers will take a standard deduction of $12,200 in 2019. The concept that allows both Silvia and Todd to take this deduction is the:
A. capital recovery concept. B. administrative convenience concept. C. entity concept. D. wherewithal-to-pay concept. E. pay-as-you-go concept.
It is appropriate to use a sequential file structure when
a. records are routinely inserted. b. single records need to be retrieved. c. records need to be scanned using secondary keys. d. a large portion of the file will be processed in one operation.
Explain, briefly, why the larger number of periods included in a moving average forecast, the less well the forecast identifies rapid changes in the variable of interest
What will be an ideal response?
Sweet Company's outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declaredyear 1$2,000year 2$6,000year 3$32,000The amount of dividends paid to preferred and common shareholders in year 3 is:
A. $7,000 preferred; $25,000 common. B. $32,000 preferred; $0 common. C. $15,000 preferred; $17,000 common. D. $5,000 preferred; $27,000 common. E. $0 preferred; $32,000 common.