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3 years ago

IN YOUR OWN WORDS PLEASE!!!!!!!!!!!!!!!!!!! WILL MARK YOU BRAINLIEST

1 answer:

6 0

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

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Urban Window Company had gross wages of $320,000 during the week ended July 15. The number of wages subject to social security t

marshall27 [118]

Answer:

wages expense 320,000 debit

cash 218,400 credit

FICA tax payable 2,160 credit

SUTA tax payable 240 credit

Social security payable 24,000 credit

wages income tax payable 75,200 credit

--to record July 15th payment to employees wages--

payroll tax expenses 26,400 debit

FICA tax payable 2,160 credit

SUTA tax payable 240 credit

Social security payable 24,000 credit

---to record the payroll tax for the week ended July 15th--

Explanation:

We multiply the wages subjet to taxation by each rate:

social security:

320,000 x 7.5% = 24,000

SUTA

40,000 x 5.4% = 2,160

FICA

40,000 x 0.6% = 240

For this three concepts, the employee will have liability for the same amount for payroll taxes

Income tax 75,200

net wages: 320,000 - 24,000 - 2,160 - 240 - 75,200 = 218,400

4 0

3 years ago

Describe an example of a company that manufactures a product.

dexar [7]

General Motor Company(GMC) is a manufacturing company that manufactures automobiles in U.S.A.

3 0

3 years ago

ycow [4]

Answer and explanation:

Labor is one of the main factors that can drive a company to success or failure. When deciding where to locate production the labor-related factors to take into account are labor skills (employees' knowledge), labor costs and productivity (wages and how their levels can affect employees' performance), and labor laws (employees' benefits according to where they work).

5 0

3 years ago

The following data were gathered to use in reconciling the bank account of Savannah Company: Balance per bank $16,750 Balance pe

Reika [66]

Answer:

Adjusted Balance as per bank statement = $15,095

Adjusted Balance as per book = $15,095

Explanation:

given data

Balance per bank = $16,750

Balance per company records = 16,125

Bank service charges = 80

Deposit in transit = 2,195

NSF check = 950

Outstanding checks = 3,850

to find out

What is the adjusted balance on the bank reconciliation

solution

first we get here Adjusted Balance as per bank statement that is express as

Adjusted Balance as per bank statement = Balance per bank + Deposit in transit Outstanding checks .......................1

put here value

Adjusted Balance as per bank statement = $16,750 + $2,195 - $3,850

Adjusted Balance as per bank statement = $15,095

and

Adjusted Balance as per book will be here as

Adjusted Balance as per book = Balance per company record - Bank Service charges - NSF checks ......................2

put here value

Adjusted Balance as per book = $16,125 - $80 - $950

Adjusted Balance as per book = $15,095

6 0

3 years ago

Discusses four types of perceptual distortions: stereotyping, halo effects, selective perception, and projection. Define each of

Mkey [24]

Answer:

Four different types of perceptual distortion are

Explanation:

Four different types of perceptual distortion are

Stereotyping - it is referred to as the idea and thinking about someone that one took due to a misunderstanding. This mistaken can be partly true or untrue.

Example of stereotype - Indians are good at math, Africans have better athletic ability.

Halo effects - it is referred to the someone's impression influences how one feels about the character of others.

for example - when someone finds that particular person is smart enough to carry out his won work efficiently

Perception - is the process of interpreting, and organizing information that is sent through the sense organs.

Example - perception is awareness which decides which activity is needed at a particular time to gain maximum benefit

projection - it is a sense of defense mechanism that someone employs to get rid of emotion and difficulty,

for example - when someone defends his/her own ideas and then you interrupt.

5 0

3 years ago