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faltersainse [42]
3 years ago
11

Lee Company has the following information for the pay period of December 15–31: ​ Gross payroll $16,000 Federal income tax withh

eld $4,000 Social security rate 6% Federal unemployment tax rate 0.8% Medicare rate 1.5% State unemployment tax rate 5.4% ​ Assuming no employees are subject to ceilings for taxes on their earnings, Salaries Payable would be recorded for a. ​$16,000 b. ​$11,040 c. ​$9,808 d. ​$10,800
Business
1 answer:
vodomira [7]3 years ago
8 0

Answer: $10,800

Explanation:

In the above scenario it is worthy of note that the company is the one that pays for Federal and State Unemployment tax.

That means that the employees pay for Federal income tax withheld at $4,000, Social security at 6% and Medicare at 1.5%.

Calculating salaries payable therefore would be,

= 16,000 - 4,000 - (16,000 * 6%) - (16,000 * 1.5%)

= $10,800

Salaries Payable would be recorded at $10,800.

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How many people can fit into the pentagon, which was once the largest office building in the world? assume that everybody must b
ioda

The Pentagon is the world's largest office building, with about 6,500,000 sq ft (600,000 m2) of space, of which 3,700,000 sq ft (340,000 m2) are used as offices. Some23,000 military and civilian employees, and another 3,000 non-defense support personnel, work in the Pentagon.

Further Explanation:

5 sides to the Pentagon:

The structure was initially intended to fit onto a tract of land with fringes on five sides. At last, it was constructed somewhere else, at a site where a pentagonal shape was never again basic. Be that as it may, when of this area change, it was past the point where it is possible to think of another plan. So it stayed a pentagon.  

What occurs at the Pentagon:  

The Pentagon is the central command of the United States Department of Defense. As an image of the U.S. military, the expression The Pentagon is frequently utilized as a metonym for the Department of Defense and its administration.  

Pentagon without a visit:  

You needn't bother with a ticket to enter the remembrance and there is no security check, however officials of the Pentagon Police power are on obligation and can do spot checks whenever.

Subject: business

Level: High School

Keywords:  5 sides to the Pentagon, What occurs at the Pentagon, Pentagon without a visit.  

Learn more about evolution on:

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3 0
3 years ago
Read 2 more answers
For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an
STatiana [176]

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

<u>At 1.4% growth rate;</u>

Number of years = 70 / 1.4 = 50

<u>At 3.2% growth rate;</u>

Number of years = 70 / 3.2 = 21.88

<u>At 4.9% growth rate;</u>

Number of years = 70 / 4.9 = 14.29

<u>At 6.4% growth rate;</u>

Number of years = 70 / 6.4 = 10.94

<u>At 7.5% growth rate;</u>

Number of years = 70 / 7.5 = 9.33

4 0
3 years ago
The function of media advertising is to support the economy, provide information about products, and underwrite media costs asso
Lynna [10]
<span>The function of media advertising is to support the economy, provide information about products, and underwrite media costs associated with: Promotion of consumption
By using media advertising, a company will be able to obtain larger reach to inform potential customers about the existence of their product, which will persuade the potential buyers to spend their saving to consume their products.</span>
6 0
3 years ago
General Mills and Nestlé work together to distribute General Mills products in about 140 international markets from Mexico to Ch
Flura [38]

Answer: a strategic channel alliance

                                   

Explanation: In simple words, strategic alliance refers to a business arrangement in which two organisations combine their resources for their mutual benefits.

Under such an arrangement two organisation agrees to combine their activities and efforts for a particular objective but still remain independent as two separate entities.

Such alliances are generally evident in situation where companies wants to exploit foreign markets. Hence from the above we can conclude that the arrangement between general mills and nestle is a strategic alliance.

5 0
3 years ago
Which 3 types of customer statements can QuickBooks Online generate?
Phantasy [73]

Answer:

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