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Sloan [31]
3 years ago
12

The payroll register of Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of Medicare tax withheld on total

salaries of $175,000 for the period. Earnings of $30,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. On December 31, provide the journal entry to record the payroll tax expense for the period.
Business
2 answers:
Anna [14]3 years ago
6 0

Answer:

From the information provided

Federal rate tax of earnings = 30000 × 0.6%

= 30000 × 0.006

= 180

State rate tax of earnings = 30000 × 5.4%

= 30000 × 0.054

= 1620

Medicare taxes = 2625

Social security taxes = 10500

Total payroll tax expenses = Medicare taxes + social security taxes + state rate tax on earnings + federal rate tax on earnings

= 10500 + 2625 + 180 +1620

= $ 14925

THUS,

JOURNAL ENTRY

___Accounts_______Debit ($)____Credit ($)

Payroll Tax Expense__ 14925

Social Security Payable___________ 10,500

Medicare Payable________________2625

FUTA Payable ___________________180

SUTA Payable ___________________1620

Helga [31]3 years ago
6 0

Answer:

DR: Payroll Tax Expense 14925

CR: Social Security Payable 10,500

CR: Medicare Payable. 2625

CR: FUTA Payable 180

CR: SUTA Payable 1620

Explanation:

DR: Payroll Tax Expense 14925

CR: Social Security Payable 10,500

CR: Medicare Payable. 2625

CR: FUTA Payable(30,000×0.006) 180

CR: SUTA Payable(30,000×0.054) 1620

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Answer:

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Explanation:

Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and concentrated targeting strategies. In micromarketing, we target each and every single customer individually which is also known as customization. In differentiated marketing, we try to differentiate our offerings and target particular market segment with it, whereas in undifferentiated which is also known as mass marketing, we target the whole market with one single offer. In concentrated marketing, we try to capture and target one small segment (niche) which has been ignored and overlooked by the competitors. The main aim here to sell profitably by meeting the needs of that small segment fully.

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Answer:

A

Explanation:

A is the answer to the question

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What was not a result of the economic policies of the irish government in the late 1990s?
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omeli [17]

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weighted average time until cash flow payment.

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