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 taxes expense would
include a credit to
A) Salaries Payable.
B) Federal Income Taxes Payable.
C) Social Security Tax Payable.
D) Cash.
C
You might also like to view...
A policy for term life insurance is also called ordinary or straight life insurance.
Answer the following statement true (T) or false (F)
Drive Safe, Inc. a leading manufacturer of car spare parts, divided its manufacturing process into two Departments - Production and Packing. The estimated overhead costs for the Production and Packing departments amounted to $14,000,000 and $20,000,000, respectively. The company produces two types of parts - Part 1 and Part 2. The total estimated labor hours for the year were 40,000, and estimated machine hours were 35,000. The Production department is mechanized, whereas the Packing department is labor oriented. Calculate the amount of manufacturing overhead costs allocated to Part 1.
Although active voice is usually preferred over passive in business writing, its main advantage is that it is ______.
A. diplomatic B. shorter C. direct D. emphatic
What is the cardinal rule for public relations practitioners?
A) to never, ever lie B) don't get caught C) spin the issue to sway public opinion D) be mindful of how your words can sway the public