The following totals for the month of June were taken from the payroll register of Marigold...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following totals for the month of June were taken from the payroll register of Marigold Company. Salaries and wages $79900 FICA taxes withheld 6145 Incorme taxes withheld 16800 Medical insurance deductions 2900 Federal unemployment taxes 600 State unemployment taxes 3800 The entry to record the federal unemployment taxes would include a O credit to Federal Unemployment Taxes Payable for $600. O credit to Federal Unemployment Taxes Expense for $600. credit to Payroll Tax Expense for $600. O debit to Federal Unemployment Taxes Payable for $600. The following totals for the month of June were taken from the payroll register of Marigold Company. Salaries and wages $79900 FICA taxes withheld 6145 Incorme taxes withheld 16800 Medical insurance deductions 2900 Federal unemployment taxes 600 State unemployment taxes 3800 The entry to record the federal unemployment taxes would include a O credit to Federal Unemployment Taxes Payable for $600. O credit to Federal Unemployment Taxes Expense for $600. credit to Payroll Tax Expense for $600. O debit to Federal Unemployment Taxes Payable for $600.
Expert Answer:
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Posted Date:
Students also viewed these accounting questions
-
The following totals for the month of June were taken from the payroll register of Sheridan Company. The following totals for the month of June were taken from the payroll register of Sheridan...
-
The following data were taken from the payroll register of Eastcoastal Company: Gross Salary ............................................................. xxx Employees Income Tax Deductions...
-
The following payroll totals for the month of April are from the payroll register of Myth Corporation: salaries, $446,000; federal income taxes withheld, $62,880; Social Security tax withheld,...
-
1. Using a diagram of utility maximization, show: a. The income effect of price change b. The substitution effect of price change
-
A 6 year bond with a 7 percent coupon is selling to yield 8 percent. If interest rates remain constant, one year from now will the price of this bond be lower or higher? Prove your answer.
-
A capital asset pricing model (CAPM) for Johnson & Johnson (J&J) was discussed in Example 12.10 in Chapter 12. The model uses the risk-adjusted stock return R - Rf for J&J as the response variable...
-
In a 1975 contract, Eureka was given the exclusive right to sell spring water and other products under the Ozarka trade name in 60 Oklahoma counties in exchange for \($9,000\) paid to Arrowhead,...
-
Mammoth Corporation is considering a 3-for-2 stock split. It currently has the stockholders equity position shown. The current stock price is $120 per share. The most recent periods earnings...
-
8. *A 2-kg block of copper is heated to 400 C and dropped into an insulated bucket that contains a mixture of ice and water at 0 C. The final temperature of the copper is 0 C. How much ice melted in...
-
A pipe-pump assembly is being considered by a farmer for use in irrigating a field during summer. There is an underground water well that is 75 m deep. The well is an open-hole type in which the free...
-
Matt acquired a main residence in 2010. On 1 October 2015, Matt accepted a posting in Dubai for 5 years. As a result, Matt rented his main residence, located in Bondi. Matt returned in October 2020...
-
Final interest rate George Muoz, owner of Muoz Meat Products (MMP), is interested in a new project that will produce specialty microwave meat products. The project is estimated to last 5 years before...
-
Would you consider Adobe a high-performance organization? Why or why not? How do the practices in this case relate to the principles of empowerment, knowledge sharing, and employee engagement?
-
The theorists associated with EET have not formally defined communication. Where do you think "communication" occurs in this theory ? Provide evidence from the theory that might indicate how the...
-
Problem 7: Suppose a motor connected to a 130 V source draws 19 A when it first starts. Randomized Variables V=130 V 1 = 19 A Part (a) What is its resistance in Q? Numeric A numeric value is expected...
-
On January 1, 2018, Minimal, Inc., paid $80,000 for a 15% interest in Harrington Corporations common stock. This investee had assets with a book value of $225,000 and liabilities of $55,000. A...
-
y=5 1. void Foo(int \( A[])\{ \) 2. let \( \mathrm{n}=\mathrm{A} . \mathrm{size}() \); 3. for ( \( i=1 \) to \( n \) ) \{ 4. \( \quad \) if \( (i==7)\{ \) 5. Boo(i); \}//endif 6. \( \} / / \) end for...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
The July 31, 2017, unadjusted trial balance for Daimler Tours after its first month of operations is shown below: Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the...
-
Information from the March 31, 2017, year-end, unadjusted trial balance of The Online Store is as follows: Additional Information a. Supplies inventory at year-end, $920. b. The balance in the...
-
Assume it costs a manufacturer $80 to produce a pair of sunglasses. The manufacturer sells the sun-glasses to a fashion designer for $100. The fashion designer puts its brand name on the sunglasses...
-
Show that the positive and negative real integers (including 0) form a group under the operation of addition.
-
Express the inverse \((\mathbf{A B})^{-1}\) of the product \(\mathbf{A B}\) in terms of \(\mathbf{A}\) and \(\mathbf{B}\).
-
Evaluate \(\mathbf{T} \cos x\) for the transformation \(\mathbf{T} x=-x\).
Study smarter with the SolutionInn App