Payroll taxes payable. neumann consulting group reports a $1,200,000 bi-weekly payroll. neumann and its employees must pay social security taxes at a rate of 6.2%. both are also responsible for medicare taxes at a rate of 1.45%. payroll income taxes average 20% for federal and 4% for state and local taxes. the company is also responsible for federal and state unemployment taxes. the federal unemployment tax rate is 1.6%. the state unemployment tax rate is 4.4% on a wage base of $7,000, but neumann gets a 3.2% credit. neumann has not paid any employee more than $7,000. none of the employees have exceeded the income base for fica tax.
prepare the journal record the bi weekly payroll.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases. b. the marginal cost of going to ft. lauderdale decreases. c. the marginal benefit of going to cancun increases. d. the marginal benefit of going to ft. lauderdale decreases.