The total is $1,437.
Before June she had already paid social security on $100,000 in earnings. So, in June she only needs to pay social security on $18,500.
$18,500 x .062 = $1,147
She pays Medicare on all of June’s earnings = $20,000 x .0145 = $290
The total amount of FICA -social security withheld from this employee in June is $290 + $1,147 = $1,437
Answer:
double declining balance method
Explanation:
Depreciation is an accounting tool to allocate the cost of a long-term asset over time. The reasoning behind is the matching principle. If we associate the entire purchase value at the very first moment, then, one accounting period is taking a hit for an asset that will be use over several accounting periods.
The double declining method applies a rate twice as the straight-line method.
This is applied at the carrying value of the assets (book value) every year for each year of useful life.
Answer:
Follows are the solution to this question:
Explanation:
In point A:
The estimated amount of uncollectible allowance =
In point B Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts ![\$ \ 2,526,700](https://tex.z-dn.net/?f=%5C%24%20%5C%202%2C526%2C700)
Doubted debt allowance ![\$ \ 2,526,700 \ \ (\$ \ 2,540,000 - \$ \ 13,300)](https://tex.z-dn.net/?f=%5C%24%20%5C%202%2C526%2C700%20%5C%20%20%5C%20%20%20%28%5C%24%20%5C%202%2C540%2C000%20-%20%5C%24%20%5C%2013%2C300%29)
(Bad Debts Expense recorded)
In point C Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts ![\$ \ 2,553, 300](https://tex.z-dn.net/?f=%5C%24%20%5C%202%2C553%2C%20300)
Doubted debt allowance
(Bad Debts Expense recorded)
First-line managers most likely have (d). a more narrow span of control than top-level managers. First line managers directly supervise non-managerial workers and employees who are assigned and who belong to a specific field of work or duty. These first-line managers are the ones that manage them, thus having a more narrow span of control compared to the managers at the top of the hierarchy.
For every choice you make, you are sacrificing something else. For example, when you choose to buy a new phone, you are sacrificing buying a new laptop. The opportunity cost of buying the phone, is the cost of the laptop. Therefore, evey choice has a cost, because in every choice, there is a sacrifice