Business, 26.08.2020 18:01 kevenluna10oytivm
All of the following statements regarding FICA taxes are true except:.
a. FICA taxes are deducted from the employee.
b. Employers must pay withheld FICA taxes to the IRS.
c. The amount of FICA deducted from the employee is credited to a liability account.
d. A self-employed person is exempt from FICA taxes.
e. An employer must pay FICA taxes equal to the amount withheld from the employee.
Answers: 2
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
Business, 22.06.2019 14:30
Your own record of all your transactions. a. check register b. account statement
Answers: 1
Business, 22.06.2019 19:40
Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?
Answers: 1
Business, 22.06.2019 20:30
Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear
Answers: 3
All of the following statements regarding FICA taxes are true except:.
a. FICA taxes are deducted f...
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