subject
Business, 17.04.2020 15:49 lorenaandreahjimenez

Grant, an employee of Fitzgerald, Inc., has gross salary for March of $4,000. The entire amount is under the OASDI limit of$117,000, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Which of the following is a part of the journal entry to record the employer's payroll taxes?

A. credit to FICAlong dash—Medicare Taxes Payable
B. debit to Cash
C. debit to FICA Taxes Payable
D. credit to Payroll Tax Expense

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 21:30
What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)
Answers: 1
question
Business, 22.06.2019 23:10
Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.
Answers: 1
question
Business, 23.06.2019 00:10
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
Answers: 2
question
Business, 23.06.2019 04:00
If a transformational leader is supposed to be so smart and visionary, why would he or she emphasize empowerment in his or her leadership approach?
Answers: 3
You know the right answer?
Grant, an employee of Fitzgerald, Inc., has gross salary for March of $4,000. The entire amount is u...
Questions
question
Mathematics, 18.02.2021 21:00
question
Mathematics, 18.02.2021 21:00
question
Mathematics, 18.02.2021 21:00
question
Mathematics, 18.02.2021 21:00
question
Mathematics, 18.02.2021 21:00
Questions on the website: 13722360