B)Health because its a doctor and he/she need your medial insursecane
Answer:
Debit Credit
July 2021
Cash 17,500
Loan payable 17,500
June 30, 2022
Loan Payable 17,500
Interest payable 2,100
Cash 19,600
Adjusting Entry's
Debit Credit
Interest expense 1050
Interest Payable 1050
Explanation:
Interest for the year = 0.12*17500=2100
Interest expense 2021= 6/12*2100= 1050
Answer:
For 2018, Social security wage limit is $128,400
Gross earning of the period = (40*40.50)+(2*60.75) = $1,741.50
a. Taxable income for federal income tax withholding = Gross Income = $1,741.50
b. Taxable income for social security tax = $128,400 - $127,800 = $600
c. Taxable income for medicare tax = $1,741.50
Answer:
C. $12,000
Explanation:
additional earnigns for active management:
800,000 x 0.02% = 16,000
<em><u>expected </u></em>active management cost:
800,000 x 0.5% = 4,000
net gain: 12,000
At most, we can spend 12,000 dollars.
Up to this point, the expense are cover by the additional return. bove this threshold the fund will incur in losses from the active management
