Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15, 2014. Payment occurs on January 20. Gross payroll $32,000 Federal income taxes withheld $3,600 Social security and Medicare rate 7.65% Federal unemployment tax rate 0.8% State unemployment tax rate 5.4% The entry to record the payroll would include a
A) debit to Salaries Payable for the net amount.
B) credit to State Unemployment Tax Payable.
C) debit to Salaries Expense for the amount paid to the employees.
D) debit to Salaries Expense for the gross payroll.
D
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In a multiperiod scheduling problem, the production constraint usually takes the form of:
A) beginning inventory + demand - production = ending inventory. B) beginning inventory - demand + production = ending inventory. C) beginning inventory - ending inventory + demand = production. D) beginning inventory + demand + production = ending inventory.
When determining the date of maturity of a note, omit the date the note was issued
Indicate whether the statement is true or false
Under a finance lease, the lessee can stop performing and making lease payments if the leased equipment turns out to be defective.
Answer the following statement true (T) or false (F)
Learning curves were first applied to the aircraft industry in ______.
A. 1916 B. 1926 C. 1936 D. 1946