Answer:
Dr Interest receivable 21,780
Cr Interest revenue 21,780
Explanation:
Preparation of the appropriate interest Journal entry on December 31, 2021
Based on the information given we were told that the company paid the amount of $280,000 for the machine in which the company will be leasing the machine to Zone for the amount of $38,000 per year while 9% of the amount will be return to Calloway which means that the interest entry on December 31, 2021 will be recorded as:
Dr Interest receivable 21,780
Cr Interest revenue 21,780
Calculated as :
Cost of machine $280,000
Less lease amount per year $38,000
=$242,000
Hence,
$242,000*9%
=$21,780
You need to write out your mission statement.
Answer:
Me encantaría ayudar pero mi español es muy limitado.
Explanation:
lo siento
Answer:
Explanation:
According to the wage bracket method used for tax withholding in 2016;
For a married individual and a situation whereby the number of withholding allowances claimed is four, no federal taxes have to be withheld since the salary is $930.
Also, the OASDI insurance rate = 6.2%
∴
The wages Table for Dec 31, 2016 is as follows:
Particulars Calculation Total in $
Gross Pay 930.00
<em>Less:</em>
HSA Contributions 50.00
401(k) deductions 100.00
OASDI tax (930 - 100) × 6.2% 51.46
HI tax as given -
FIT -
<em>Net Pay 728.54</em>
