According to a summary of the payroll of scotland company, total salaries were $500,000. assume that social security taxes are payable at a 6% rate and medicare taxes are payable at a 1.5% rate with no maximum earnings. federal income tax withheld was $98,000. also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. the journal entry to record accrued salaries would include a:

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

Which of the following is least likely to a team solve problems together

What role do business cycles play in a market economy