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2 years ago

Under the Federal Insurance Contributions Act, where do the funds for Social

Business

1 answer:

emmasim [6.3K]2 years ago

6 0

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

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Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when

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The total revenue they earned from selling the football tickets is $1,200,000. As a result, they should debit cash for $1,200,000 and credit for unearned revenue for the same amount.

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3 years ago

A(n) _____ is a service offered by mutual funds that helps an investor earn compound interest on their investments

nordsb [41]

An automatic reinvestment plan is a service offered by mutual funds that helps an investor earn compound interest on their investments

Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.

They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.

To know more about automatic reinvestment plan refer to the link brainly.com/question/15850134?referrer=searchResults.

To know more about Automatic Investment Plan refer to the link brainly.com/question/3463363?referrer=searchResults.

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1 year ago

Shortly after World War II, John Jackson developed and began selling a machine lubricant that was superior to anything currently

o-na [289]

The given scenario is an example of marketing behavior that would occur during the sales era of U.S. business history.

<h3>What is Marketing?</h3>

This refers to the creation of awareness for a particular product by making promotions.

Hence, we can see that based on the given scenario of the machine lubricant that was sold after the WWII, there was the introduction of strong competitors and a sales force had to be hired and this is an example of marketing behavior that would occur during the sales era of U.S. business history.

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1 year ago

On January 1, 2018, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year

LiRa [457]

Answer:

Answer to the question :

On January 1, 2018, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $13,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $90,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semi-annually.

Required:

1. Prepare the appropriate entries for both the lessee and the lessor from the beginning of the lease through the end of 2018.

is explained in the attachment.

Explanation:

Download pdf

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2 years ago

A company purchased land for $350, 000 cash. Real estate brokers commission was $25,000 and $35,000 was spent for demolishing an

docker41 [41]

Under the historical cost principle the cost of land would be recorded at: d. $410,000 .

Explanation:

Given:

Purchase cost of land = $350,000

Brokers commission = $25,000

Cost for demolishing old building = $35,000

Principle cost of land = ?

Principle cost of land= Purchase cost of land+ Brokers commission+ Cost for demolishing old building

= $350,000+$25,000+$35,000

= $410,000

Principle cost of land= $410,000

The correct option is d.$410,000.

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2 years ago