. Calculate the amount of Social Security and Medicare taxes to be withheld and prepare the general journal entry to record the payroll. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations.

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Sports leave thousands of college athletes with little time for their studies. this is an example of

Imperfect markets: a. always result in supply exceeding demand. b. occur when the buyer or seller has an influence on the price. c. do not exist in democracies. d. can't occur if there are many buyers and many sellers. e. always result in demand exceeding supply.