Answer:
this is not a disadvantage
Explanation:
Answer:
The answer is: B) FICA taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.
Explanation:
FICA taxes (or payroll taxes) are based on an employee's salary. Both employees and employer pay FICA taxes for Social Security and Medicare. Employers withhold these taxes from their employees' paychecks, and then pays them to the Internal Revenue Service (IRS).
Answer:
Therefore retained earnings at December 31 is $273,000
Explanation:
Items that increase retail earnings include:
Beginning balance
Net income
Cash dividends
Beginning balance as at January 1,2020 = $ 230,000
Net income = $ 133,000
Cash dividends = ($90,000)
Therefore, retained earnings = Beginning balance + Net income -Cash dividends
= $230,000 + $133,000 - $90,000
= $ 273,000
Answer 94 districts.
In the federal court system's present form, 94 district level trial courts and 13 courts of appeals sit below the Supreme Court.