Answer:
employer payroll taxes:
- FICA taxes (social security and medicare) = $39,325 ⇒ employer's FICA taxes are identical to the withheld FICA taxes from employees
- unemployment taxes = $3,825
- total = $39,325 + $3,825 = $43,150
1) total labor cost = total wages + total employer payroll taxes = $550,000 + $43,150 = $593,150
2)
March 31, wages and salaries
Dr Wage expense 550,000
Cr Cash 459,800
Cr Federal income tax withholding payable 50,875
Cr FICA taxes withholding payable (employees) 39,325
3)
March 31, employer payroll taxes
Dr FICA taxes expense 39,325
Dr Unemployment tax expense 3,825
Cr FICA taxes payable 39,325
Cr Unemployment taxes payable 3,825
Answer: Earned Media
Explanation:
Decor decorating company has gained earned media, if they are able to get an online word of mouth positive remark about their design services.
Earned Media is a form of advertising where publicity is gained by a brand without payments being made for advertisement.
The positive response by customers shows that, some level of popularity has been gained by their constant posts on their web page.
True because they need more staff in order to run their corporation and will be able to afford them.
