Business, 27.11.2019 22:31 briiiii7410

Mcloyd company completed the salaries and wages payroll for march. the payroll provided the following details: salaries and wages earned $ 440,000 employee income taxes withheld 40,700 fica taxes withheld 31,460 unemployment taxes 3,060 required: 1. considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for march. 2, & 3. prepare the journal entry to record the payroll for march, including employee deductions (but excluding employer payroll taxes) and record employer’s fica taxes and unemployment taxes. employees were paid in march but amounts withheld were not yet remitted

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:30, dezmondpowell

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

Answers: 1

continue

Business, 22.06.2019 20:10, spicee68003

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.

Answers: 1

continue

Business, 22.06.2019 23:10, najsha

Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.

Answers: 2

continue

Business, 22.06.2019 23:50, Izzyfizzy

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.

Answers: 2

continue

You know the right answer?

Mcloyd company completed the salaries and wages payroll for march. the payroll provided the followin...