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
False , higher the risk higher the return
Answer:
democracy
Explanation:
Former communist nations of Asia and Europe tend to share the same purpose of committing to free market economics and democratic politics. Even though they are somewhat undeveloped, it is important to note that because of their belief on democratic politics, they show continuous support to Western International businesses for the nation's commitment to democracy.
Answer:
If the fall in price of good Y causes demand for good X to fall as well, the goods Y and X are complementary.
Explanation:
Complementary goods are those goods that people tend to buy together, since, as the word implies, they fulfill complementary purposes.
An example of two complementary goods are BBQ Sauce and Meat.
Meat is often used to grill/roast, and it is accompanied with BBQ Sauce. If BBQ Sauce price goes down, it is likely that more of it will be bought as well as more meat. The opposite occurs if the price of either good goes up. Hence, both goods are complementary.
Answer:
Fixed cost per units= $2.14
Explanation:
Giving the following information:
Rent= $5,000
Direct labor= $2,500
Usually, direct labor is a variable cost that varies with production.<u> In this case, I will consider it a fixed cost.</u>
F<u>irst, we need to calculate the total fixed costs:</u>
Total fixed cost= 5,000 + 2,5000= 7,500
<u>Now, the fixed cost per unit:</u>
Fixed cost per units= 7,500/3,500
Fixed cost per units= $2.14
