Answer:
The journal entries are as follows:
(i) On January 1,
Cash A/c Dr. $1,800,000
To Bonds payable A/c $1,800,000
(To record the issuance of bonds for cash)
(ii) On June 30th,
Interest expense A/c Dr. $90,000
To cash A/c $90,000
(To record the semiannual interest payment)
(iii) On December 31st,
Interest expense A/c Dr. $90,000
To cash A/c $90,000
(To record the semiannual interest payment)
Workings:
Interest expense:
= $1,800,000 × 10% × (6/12)
= $1,800,000 × 0.1 × 0.5
= $90,000
Answer:
The founding fathers of the United States did a very good job in shaping the laws of the country, this can be seen in the fact that the U.S. Constitution is the oldest constitution still in place.
The founding fathers shaped the constitution inspired from the ideas of liberal philosophers like John Locke, Montesquieu, and Edmund Burke. They defended the idea of a federal republic, in which several states voluntarilly joined in a republican form of government with separation of powers.
The constitution did have some flaws though, for example, the issue of slavery was not properly established, and this led to the American Civil War decades later.
Besides, twenty seven admendments have been added to the original document in order to meet the national demands of a changing world.
In conclusion, while not a perfect document, the founding fathers did a very good job at writing the constitution.
I feel like no..because not all people want Obama care and should not be forced to get and may not be able to afford it.
Answer:
a. What is Joe’s Medicare tax deduction?
b. What is Joe’s Social Security deduction?
c. What is Joe’s Medicare tax deduction?
d. Joe’s other deductions are: federal tax 21.03, city tax 4.12, disability insurance 13.05, and dental insurance $5.46.
What are Joe’s total deductions for this pay period?
- $23.85 + $5.58 + $21.03 + $4.12 + $13.05 + $5.46 = $73.09
e. What is Joe’s net pay for this pay period?
- $384.75 - $73.09 = $311.66
f. If Joe pays the same amount for medical insurance each weekly pay period, what is his annual premium?
g. Does Joe receive time-and-a-half, double-time, or triple-time for each hour of overtime?
Explanation:
total gross salary = (40 x $8.10) + (5 x $12.15) = $384.75
