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FrozenT [24]
2 years ago
15

Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details:

Business
1 answer:
nikitadnepr [17]2 years ago
8 0

                                                                          Debit                     Credit

March 11

Salary and wage expense (+E, -SE)                    200,000

Liability for income taxes withheld-employees (+L)                        40,000

Liability for insurance premiums withheld-employees (+L)              1,000

FICA taxes payable - employees (+L)                                                 15,000

Cash (-A)                                                                                              144,000

Payroll for February including employee deductions.

Labor costs are the costs a business incurs to pay its hourly employees. This item may also include payroll taxes and benefits paid to employees. Wage costs can be recognized as a line item in the expense portion of the income statement. This is a type of variable cost.

Wage Expense is an expense account, but Payroll Payable is a current liability account. A current liability is a liability that a company has to pay within one year. Companies report expense accounts on the income statement and liability accounts on the balance sheet.

Learn more about wage expenses at

brainly.com/question/5541292

#SPJ4

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You need to lift a 100 lbmrock 300ft with an electric motor that is 60% efficient, how much will it cost if the electricity is 1
Dominik [7]

Answer:

0.066 cent

Explanation:

Efficiency (E) = Energy output (Eo)/Energy input (Ei)

Eo = E × Ei

E = 0.6

Ei = mass × acceleration due to gravity × height

mass = 100lbm = 100×0.45359kg = 45.359kg, height = 300ft = 300/3.2808 = 91.44m

Ei = 45.359×9.8×91.44 = 40646.7Ws = 40.6467kWs = 40.6467kWs × 1h/3600s = 0.011kWh

Eo = 0.6 × 0.011kWh = 0.0066kWh

1kWh = 10 cents

0.0066kWh = 0.0066×10 = 0.066 cent

5 0
3 years ago
A student got a $5000 grant per quarter and the opportunity to work on campus at a rate of $12 per hour, but no more than 15 hou
Strike441 [17]

Hi, you've asked an incomplete question. The options read;

a) E= 5000 (1-0.05) + 10 * 12 * H * (1 - 0.08).

b) E= 5000 (1-0.05) + 10 * 12 * H * (1 - 0.08) H≤15 (this reads: H less or equal to 15.

c) E= 5000 * (1 - 0.95) + 12 * H * (1 - 0.08) H≤15 [this reads: H less or equal to 15].

d) E= 5000 (1-0.05) + 12 * H * (1-0.08).

Answer:

<u>b) E= 5000 (1-0.05) + 10 * 12 * H * (1 - 0.08) H≤15 (this reads: H less or equal to 15.</u>

Explanation:

Using this model we note the following,

  • H is represented by  15 (hours)
  • 5% handling fee represented by 0.05
  • 8% income tax is represented by 0.08
  • rate is represented by 12 ($)

<u>Substituting this data into the model we have:</u>

⇒ 5000 (1-0.05) + 10 * 12 * 15 * (1 - 0.08)

⇒ 4750 + 1800 (1-0.08)

⇒ 4750+1656 <u>= $6406.</u>

4 0
3 years ago
When can a bank repossess someone's car?
Marysya12 [62]

Answer:

A. when the owner defaults on the loan payment

6 0
2 years ago
Read 2 more answers
A good way to let a pedestrian know that he or she can proceed is to __________ .a flash your headlights
MAXImum [283]

Answer:

make eye contact

Explanation:

because when you make eye contact then you can tell them that they can go

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The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the fund
Verizon [17]

Answer: the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

Explanation:

Repatriation simply means converting of foreign currencies into local ones. Earning of income in foreign currencies, by a comoany are typically subject to risk regarding foreign exchange which could bring about a loss.

It should be noted that the exchange gain or loss on repatriated funds from a foreign branch is calculated when the nominal amount of the funds is multiplied by the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

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