Ask question

Ask question

All categories

3 years ago

13

Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's earnings. For the year, Garr

ison Shops had FUTA taxable wages of $67,700 and SUTA taxable wages of $84,900. Compute_____________.

1 answer:

Ierofanga [76]3 years ago

7 0

Answer:

Detailed solution is given below:

You might be interested in

People who want to buy a house typically ask the bank for a ___ over a 10-to-30 year period

jok3333 [9.3K]

The answer is mortage according to edgnuity i just took the test and got a 100

5 0

3 years ago

Read 2 more answers

Goldman Inc. was organized on June 1, 2014. It was authorized to issue 500,000 shares of $10 par common stock and 100,000 shares

sdas [7]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

6 0

3 years ago

The presence of media hubs, coalitions focusing on specific environmental challenges, and headquarters for multinational corpora

I am Lyosha [343]

Answer: B

Explanation: Are linked globally in ways that transcend national political boundaries

4 0

2 years ago

Read 2 more answers

Slack Inc. borrowed $400,000 on July 1, 2020. The note requires interest at 12% and principal to be paid in one year. Which acco

ale4655 [162]

Answer:

The account is debited on December 31, 2020: Interest expense by the entry:

Debit Interest expense $24,000

Credit Interest Payable $24,000

Explanation:

Slack Inc. borrowed $400,000 on July 1, 2020. The note requires interest at 12%.

The amount of interest Slack Inc. pays per year = $400,000 x 12% = $48,000

On December 31, 2020, the company has borrowed $400,000 for 6 months. Following the Accrual basis, Slack Inc. would report on December 31, 2020 the interest expense for 6 months:

$48,000/12 x 6 = $24,000

The adjustment entry:

Debit Interest expense $24,000

Credit Interest Payable $24,000

7 0

3 years ago

The community of Desertville traditionally produces a large number of tires and a small amount of kiwi fruit. Kiwis are become i

viktelen [127]

Answer:

The answer is TRUE.

According to the law of increasing costs, the cost of producing kiwis will increase.

Explanation:

The law of increasing costs states that as more factors of production are shifted from making one product or service to a second product or service, the cost of producing the second item increases.

As we can see in the scenario given above, the community of Desertville initially produced a small amount of Kiwi fruit. But as kiwis became more popular, its cultivation had to be expanded, therefore, increased costs would be incurred in the process of this expansion.

8 0

2 years ago