Answer:
A. N0
B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021
C. NO
Explanation:
a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that
is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.
b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021
c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.
Recruiting.
Recruiting is the process of attracting, screening, selecting, and retaining top talent for jobs.
Answer:
March 31, 202x, payroll tax expenses
Dr FICA tax (OASDI) expense 961
Dr FICA tax (Medicare) expense 224.75
Dr FUTA tax expense 93
Dr SUTA tax expense 837
Cr FICA tax (OASDI) payable 961
Cr FICA tax (Medicare) payable 224.75
Cr FUTA tax payable 93
Cr SUTA tax payable 837
Explanation:
Since we are calculating only payroll taxes, the wages expense is not included in this journal entry.
total payroll for the 10 employees = 10 x $1,550 = $15,500
each employee has accumulated earnings of $1,550 x 3 = $4,650
In pursuing operation management, the organization that is
best to engage to or join in is the APICS, it is an organization of where
operation management are helpful and useful as they are base on providing
supply and into having to manage researches regarding about operations and
logistics which operational management are best or is involved of doing.
Answer:
Jay Pembroke Company
Balance Sheet as of April 30
Assets:
Cash $12,950
Accounts Receivable 2,000
Office Supplies 4,600
Prepaid Insurance 1,200
Total assets $20,750
Liabilities:
Accounts Payable $300
Jay Pembroke, Capital 20,450
Total liabilities + equity $20,750
Explanation:
a) Data and Calculations:
Assets:
Cash $12,950
Accounts Receivable 2,000
Office Supplies 4,600
Prepaid Insurance 1,200
Liabilities:
Accounts Payable $300
Statement of Owner's Equity:
Jay Pembroke, Capital 18,000
Net income 2,550
Jay Pembroke, Drawing (100)
Ending Capital 20,450
Income Statement for the month ended April 30
Service Fees 3,300
Rent Expense 750
Net income 2,550
