The lifestyle, which has enabled people to select products and services to meet their different needs without the traditional conformity to stereotypes, is<em> known as </em><em>component lifestyle</em>.
- Consumers' free choices are not based on military lifestyle, which is restricted to the military personnel.
- Free choice is not a factor of career lifestyle, which has more to do with the availability of resources.
- Consumers' free choices are not a result of fad lifestyle, which refers to the general conformity of the population to a particular style.
Thus, the only lifestyle, which has enabled people to select products and services to meet their specific needs and interests, is component lifestyle.
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Answer:
$387.40
Explanation:
FICA Taxes ($2,600 x 7.65%) $198.90
State Unemployment Taxes $162.50
Federal Unemployment Tax $26.00
Employer's payroll tax expense for the week $387.40
Social Security and Medicare are combined called as FICA taxes and employer made the same contribution as of employee.
State and Federal Unemployment Tax is solely for employer only.
The rest are employee related taxes.
Answer:
The correct entries would as follows:
Dr Organization/legal fees(3000*$4.5) $13,500
Cr Common stock($1*3000) $3,000
Cr paid in capital in excess of par($4.5-$1)*3000)) $10,500
Explanation:
The total cost incurred has increased to $13,500 since the stock needs to be recorded at its fair value on the date of the agreement and the approximate fair value is the market price.
As a result,legal fees expenses is debited with $13,500 while the common stock account is credited with par value of $1 per share and the excess over par value of $3.5 is credited to paid in capital in excess of par.