Stone's gross pay for the week is $1600. Stone's year-to-date pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Stone's year-to-date pay has not yet exceeded the $7000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments?
A) $225.84
B) $215.20
C) $119.20
D) $96.00
D) $96.00
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The payee of a note recognizes_____________on its income statement
Fill in the blank(s) with correct word
On January 1, 2019, Commercial Equipment Sales issued $28,000 in bonds for $15,700. These are six-year bonds with a stated interest rate of 10%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straight-line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2019?
A) $1400 B) $2425 C) $1025 D) $25,067
The creation of a limited partnership is formal and requires public disclosure
Indicate whether the statement is true or false
Tyron purchased a $2900 promissory note from Jared for the discounted amount of $2500 . Tyron paid value, in good faith and without notice of any outstanding claims against this promissory note that read, "Pay to the order of Jared $2900 on July 1, 2009, for the purchase of a 2001 Ford Taurus provided no major problems with the car arise prior to said payment date." Tyron is a holder in due
course of a negotiable note. a. True b. False Indicate whether the statement is true or false