Gift basket company’s liabilities exceed its assets. gift basket hires hill & dale, an accounting firm, to prepare a balance sheet. through hill & dale’s negligent omissions, the sheet shows a net worth. investment bank relies on the balance sheet to make a loan to gift basket. when gift basket defaults, the bank files a suit against hill & dale. under the restatement (third) of torts, hill & dale is most likely

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60