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chubhunter [2.5K]
3 years ago
7

In double-entry accounting, what kinds of transactions are recorded in the left debits column?

Business
2 answers:
yaroslaw [1]3 years ago
6 0
Asset debits are recorded in the left debits column.
AnnyKZ [126]3 years ago
6 0

Answer:

This will get you a 100 just copy and past it

"Asset debits are recorded in the left debits column."

Explanation:

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Mester Company has 10 employees. FICA Social Security taxes are 6.2% of the first $117,000 paid to each employee, and FICA Medic
Aneli [31]

Answer:

\left[\begin{array}{CCCccc}&accumulated&OASDI&HI&SUTA&FUTA\\KEN&6000&360&90&324&36\\ANN&146500&7020&1755&378&42\\LORI&119500&7020&1755&378&42\\TIM&60200&3612&903&378&42\\KATHLEEN&106900&6414&1603.5&378&42\\KITTY&36900&2214&553.5&378&42\\STEVE&89000&5340&1335&378&42\\MICHELLE&117000&7020&1755&378&42\\JHON&4000&240&60&216&24\\\end{array}\right]

                  HI        OASDI SUTA FUTA TOTAL

Employer 9810 39240 3186 354         52590

Employee 9810 39240                   49050

TOTAL        19620 78480 3186 354         101640

Explanation:

We will compare the accumulated wages with the celling of each tax and apply the tax-rate oto the lower amount.

Then FUTA and SUTA will only be paid by the employeer.

Also, the employeer contributes the same amount for Hi and OASDI as the employees

5 0
3 years ago
Identify and explainthe benefits and problems associated with high economic growth
frozen [14]

Answer:

Kindly check explanation

Explanation:

High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;

Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :

Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees

Other benefits include ; Trade and investment opportunities ; Increase in foreign direct investment and employment level will increase.

High economic growth also has it's drawbacks which include ;

Higj Immigration level ; Businesses and individuals are always on the lookout for areas with good investment opportunity in which an high income society is usually a main target. With increasing immigration, overcrowding may result.

Also, Investment cost may begin to rise, coupled with increase in foreign investment influx, the local market may be at risk of being able to compete.

5 0
3 years ago
True or false Five out of seven members of the Board of Cosmetology must have been licensed cosmetologists for at least five yea
sertanlavr [38]

Five members of the board must hold valid cosmetology licenses and shall have been working as cosmetologists for at least five years in this state. This statement is TRUE.

  • A seven-member Board of Cosmetology is established inside the department. Its members will be selected by the governor and confirmed by the Senate, and its job will be to carry out the terms of this act.
  • The rest of the unexpired terms on the board may be filled by the Governor at any time.
  • Each appointee must take the constitutional oath of office and submit it to the Department of State before beginning their duties as board members.
  • The board will choose a chair and vice chair from among its members in the month of January.
  • The board will hold as many meetings as it considers necessary throughout the year, one of which will be the annual meeting.

To know more about Cosmetology refer:

brainly.com/question/14069988

#SPJ9

5 0
10 months ago
In a small, closed economy, national income (GDP) is $750.00 million for the current year. Individuals have spent $300.00 millio
andrew-mc [135]

Answer:

1. $50 million

2. $50 million

3. In a closed economy, national savings equals investment

Explanation:

For a closed economy, the formula for calculating GDP = C + I + G

Where C - Consumption

I - investment

G - Government Spending

To find investment ,

750 = 300 + I + 400

I = $ 50 million

National savings = private saving + Government saving

Private saving = Y − T − C

750 - 300 - 250 = $200 million

Public savings = T - G

250 - 400 = $-150 million

National savings = $200 - $ 150 million = $ 50 million

Nb - All numerical values are in $ millions

6 0
3 years ago
Pick a product of your choice and to trace the channel(s) of distribution for that product as far back as is feasibly possible.
Sergeu [11.5K]
It will the participants candidates
5 0
3 years ago
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