Question 9: The Social Security wage base for 2021 is $142,800. Answer: A. O True В. False

Q: The real property tax of Ms. Ere would be?

A: As per our protocol we provide solution to the one question only but as you have asked two multiple ...

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A: Information for Everett Evacuators for 2018 and 2017 is presented below. Everett uses the straight-l...

Q: In our opinion, except for the effects of capitalizing lease obligations, as discussed in the follow...

A:

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A: Note: "Since you have posted a question with multiple sub-parts, we will solve first three subparts ...

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A: Depreciation is the reduction in the value of asset due to its normal use and tear and wear. It is c...

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Q: What would each receive if they chose to 'assign' their pensions?

A: Pension is the amount of money which the employee or the person who has contributed into the pension...

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A: Introduction:- The following Accounting or Balance sheet equation used for preparation of balance sh...

Q: 1.Which of the following is not true about FICA?

A: GIVEN   the following is not true about FICA

Q: the partnership. 5 for a 25 per cent share de:

A: Total Capital of Partnerships after admission of Tyler as, = $20+$15+$25 = $60 Tyler Capital in part...

Q: 10. On July 1, 20x6, Entity A leased a delivery truck from Entity B under a 3-year operating lease. ...

A: Given that entity A leased the delivery truck on July 1st, 20X6 and rent payment need to be done ann...

Q: 10 In July, TPM Co. incurred total costs of $60,000 and made 6000 units. In December it produced 400...

A: Formula: Variable cost per unit = Total variable cost / Number of units produced

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A: Notes receivable have been received in exchange for accounts receivable. Notes receivable (asset) h...

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Q: Jerome's Fashion Dezigns sells a variety of items of clothing including footwear for men and uses a ...

A: FIFO Method of inventory valuation considers the goods purchased first are issued first, most of thi...

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A: GIVEN    Beginning stockholder's Equity=$301,000 Revenues  = $386,000 Expense  =$289,000  Dividends ...

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A: "Since You have multiple question we will be solving first question for you,If you want any specific...

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A:   Gross Profit Ending Inventory a. First-in, first-out (FIFO) $77 $383 b. Last-in, first-out (LI...

Q: ap please

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A: Answer to the above is point C = $ 16/hour  Normal costing uses indirect materials and labor costs t...

Q: Noncurrent Asset Held for Sale The statement of financial position of an entity on December 31, 20x...

A: An asset is considered to be as a asset held for sale when the management decides to sell such asset...

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A: Calculation of actual depletion expenses are as follows.

Q: On January 2, 20x5 Felix paid P4,500,000 cash for a 80% interest in Rivera at a price of P150,000 le...

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Q: What is the % of t

A: In this question, we have to answer according to the Philippine government data. 

Q: Phil purchases some music equipment for $5680. He pays a 15% deposit, with the balance to be paid in...

A: The answer is stated below:

Q: On January 1, 2019, a company acquired transportation equipment by paying cash of P400,000 and issui...

A: calculation of installment value of note Payable= P 4000000 PV of payment=  4000000*3.037349 = P 303...

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A: Given information, Face amount =P9,000,000 Discount rate=15% Interest rate =12%

Q: 10 In July, TPM Co. incurred total costs of $60,000 and made 6000 units. In December it produced 400...

A: Fixed cost is the cost which do not change or remains same at all activity level. Variable cost per ...

Q: The assets of J&R Associates consist entirely'of current assets and net plant and Problem 1 (Stateme...

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Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.