Answer:
$360
Explanation:
We can compute net income to be
The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.
Where,
Dividend = $482
Change in retained earnings = $122
Hence,
Net income = Dividend - Change in retained earnings
= $482 - $122
Net income = $360
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
The educational path that will help him realize that goal is: C. 1,200 hour certificate course at a beauty college.
<h3>What is goals?</h3>
Goals can be defined as what a person have the plan to achieve and work towards achieving the set goals.
If his dream was to have his own hair styling salon, 1,200 hour certificate course at a beauty college will be the best choice as it is the educational path that will enable him to achieve his set goal.
Therefore the correct option is c.
Learn more about goals here:brainly.com/question/1512442
#SPJ1
John Kenneth Galbraith is an economist, most widely read economists and is considered to be the most well known economist. In the past, he had said that all societies had an economy of scarcity. In the present, the united states had acquired what Galbraith said, calling an economy of abundance.
Answer:
B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.
Explanation:
Cost Centers are functions where costs are accumulated.
Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.
Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.