1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRissso [65]
3 years ago
14

The journal entry to record employer payroll taxes owed affects ______.

Business
1 answer:
weeeeeb [17]3 years ago
5 0

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

     To Social security tax payable A/c

     To Medicate tax payable A/c

     To State Unemployment tax payable A/c

     To Federal Unemployment tax payable A/c

(Being the payroll tax expense is recorded)

The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet

You might be interested in
What does software alone enable a computer to do?
photoshop1234 [79]
Connect the internet
3 0
3 years ago
Read 2 more answers
Cyber Security Systems had sales of 4,600 units at $65 per unit last year. The marketing manager projects a 30 percent increase
scoray [572]

Answer:

Net dollar sales projection for this year =   516,971.00

Explanation:

<em>Projected sales volume </em>

130%× 4,600= 5,980units

<em>Project selling price</em>

=140% × $65

= $91

<em>Total sales value </em>

= $91 × 5980units

=  $ 544,180.00

<em>Net dollar sales projection</em>

=  Total sales value -  Returned merchandise

= 544,180.00 - (5%  × 544,180.00 )

=  $ 516,971.00

Net dollar sales projection for this year =   516,971.00

3 0
3 years ago
Why is it important to look at external sources of information when exploring product and service information?
kolbaska11 [484]

Internal data is from within the company, like operations and sales figures. External data comes from looking at the market, such as consumer trends, and marketing research. It is important to consider external data because it gives companies a better picture of their customers and competitors.

5 0
2 years ago
A company offered one half of its employees a bonus if the production of light bulbs increased by 30%. The other half of the emp
ZanzabumX [31]
Based on the statement above their need to separate the employee first because there is an employee get bonus and dont. so the correct order of steps to determine the significant result are: c. B,E,D,C,A

hope this help
8 0
2 years ago
What is ROI and why does it matter?
Stels [109]
<span>ROI stands for Return On Investment. This is very important when you are making an investment whether it is in terms of training, capital or equipment</span>
8 0
2 years ago
Read 2 more answers
Other questions:
  • Price controls on goods can be set by
    6·2 answers
  • Two 20-year corporate bonds are issued at par, with stated interest rates of 10%. One issue is puttable at par in 5 years, while
    7·1 answer
  • Where should a declared but unpaid cash dividend be reported on the balance sheet?
    7·1 answer
  • Chloe and Tamara start a vintage fashion boutique. While both invest equally in the store and are entitled to equal profits, it
    15·1 answer
  • Explain in your own words why "deep kissing" is considered a risk behavior for contracting hiv.
    9·1 answer
  • 2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
    6·1 answer
  • Sexual Violence Awareness (Campus SaVE Act):
    7·1 answer
  • According to the video, what do many Accountants and Auditors decide to do?
    14·1 answer
  • A. decide tenure of the loan
    5·2 answers
  • A(n) _______ is about transforming how a business interacts with its customers on the world wide web.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!