Answer:
See below
Explanation:
Assembled product
Cost = $24 + $20 = $44
Selling price = $69
Profit = $69 - $44 = $25
Unassembled product
Cost = $24
Selling price = $56
Profit = $56 - $24 = $32
Therefore, Swifty corporation should sell before assembly, the company will be better off by $7
O A. It removes debts that a person or business cannot repay.
Answer:
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
Explanation:
In order to calculate The journal entry to record payroll for the January 2013 pay period we would have to calculate the payroll tax expense as follows:
payroll tax expense=Federal unemployment tax rate+(Social security tax rate+medicare tax rate)*Salaries
Federal unemployment tax rate=$80,000*0.80%
Federal unemployment tax rate=$640
(Social security tax rate+medicare tax rate)*Salaries= (6.2%+ 1.45%)*$80,000
(Social security tax rate+medicare tax rate)*Salaries=$6,120
Therefore, payroll tax expense=$640+$6,120
payroll tax expense=$6,760
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
