According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (5.4%) and federal (0.8%) unemployment taxes. The journal entry to record accrued payroll taxes would include a
A. debit to SUTA Payable of $810
B. debit to SUTA Payable of $18,900
C. credit to SUTA Payable of $810
D. credit to SUTA Payable of $18,900

Answers

Answer 1
Answer:

Answer: C. credit to SUTA Payable of $810

Explanation:

The SUTA tax is a certain percentage expected of employers to pay to the state so as to provide palliative or benefit to displaced workers.

The state unemployment tax rate = 5.4% = 0.054

Taxable amount = $15,000

Tax fee = SUTA rate × taxable amount

SUTA tax amount = $15,000 × 0.054

SUTA tax fee = $810.

Therefore accrued payroll taxes will be feature a journal entry to credit the State Unemployment Tax payable of $810.


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The goods a company has available to sell to customers are calleda. supplies.
b. sales.
c. cost of goods sold.
d. merchandise inventory.

Answers

I think the most appropriate answer would A.

I hope it helped you!

Answer:

sales

Explanation:

Which statement explains why people benefit from making a budget?A)competition holds prices down
B)surpluses are less desirable than deficits
C)people have scare resources and must make choices
D) the government allows freedom of choice

Answers

C)people have scare resources and must make choices

Nadine just turned 21 years old and will begin her junior year of college in the fall. Money that she is saving for which of these purposes is not good to put in a certificate of deposit?

Answers

Based on my research here are the choices given:
  A. A trip during spring break of her senior year
   B. Gas for her car
   C. Tuition for a master's degree program
   D. Books for her senior thesis

- The answer would be B. Gas for her car.

Answer:

This is an incomplete question as it has shown us the choices. So, the complete question is as follow:

Nadine just turned 21 years old and will begin her junior year of college in the fall. Money that she is saving for which of these purposes is not good to put in a certificate of deposit?

  A. trip during spring break of her senior year

  B. Gas for her car

  C. Tuition for a master's degree program

  D. Books for her senior thesis

Answer:

The correct answer is B (Gas for her car)

Explanation:

Nadine is going to start her junior year of college in the fall so the money she is saving is not good to put in certificate of deposit for the purpose of gas for her car. Because gas is daily commodity so she will have to require money for gas frequently. The money for all other things like trip during spring break of her senior year, tuition fee for a master's degree program and books for her senior year will require at least 12 months.

Find the payment necessary to amortize the loan. Round the answer to nearest cent. $12,000; 12% compounded monthly; 48 monthly payments ..... O A. $316.23 O B. $316.01 O C. $1,446.27 O D. $310.98

Answers

Answer:

To find the payment necessary to amortize the loan, you can use the formula for calculating the monthly payment on a loan. For this loan amount of $12,000, an interest rate of 12% compounded monthly, and 48 monthly payments, the payment amount would be approximately $316.23. So, the correct answer is option A. $316.23.

Which country has a Gross Domestic Product of about 8.5 trillion dollars?A) Japan

B) China

C) United States

D) Russia

Answers

The answer would be : B. China

Japan has a  4.92 trillion Dollars of Gross Domestic Products
United states has a 16.77 trillion dollars worth of Gross Domestic Products
and
Russia has a 2.097 trillion dollars of Gross Domestic Products

That leave China as the correct answer

There are two movie theaters in the town of harkinsville: modern multi- plex, which shows first-run movies, and sticky shoe, which shows movies that have been out for a while at a cheaper price. the demand for movies at modern multiplex is given by qmm 14 pmm pss, while the de- mand for movies at sticky shoe is qss 8 2pss + pmm, where prices are in dollars and quantities are measured in hundreds of moviegoers. mod- ern multiplex has a per-customer cost of $4, while sticky shoe has a per- customer cost of only $2.

Answers

Final answer:

The question applies the principles of demand, supply, and pricing in the context of two movie theaters - The Modern Multiplex and The Sticky Shoe. By understanding the relationship between price, demand, and the cost to serve each customer, we can analyze the probable outcomes of price regulations, like the imposition of a price floor, on the businesses.

Explanation:

The question pertains to the economic concept of demand curves and consumer behavior using two movie theaters as examples. The Modern Multiplex and the Sticky Shoe operate at different prices and attract different numbers of customers. The demand for movies at the multiplex is given by the equation qmm = 14 - pmm + pss, while the demand at Sticky Shoe is given by qss = 8 + 2pss - pmm. Here, 'q' represents the quantity of movies demanded and 'p' represents the respective price in dollars.

Given that Multiplex has higher expenses per customer at $4, their ticket prices would naturally be higher than Sticky Shoe, which has a lower cost per customer at $2. This translates to their demand equations; the negative sign in front of pmm in Multiplex's demand equation suggests that as prices increase, their demand decreases because more people start favoring Sticky Shoe. Similarly, the positive sign in front of pss in Sticky Shoe's demand equation indicates that as their prices decrease, more customers prefer it over Multiplex.

This problem demonstrates how price floors can create surpluses and shortages, leading to inefficiencies in the market. For instance, if a minimum price (price floor) is set above the equilibrium price, the quantity supplied at this higher price will exceed the quantity demanded, thus leading to a surplus. If not managed carefully, these surplus situations can indeed lead to losses and business closures, as shown in the movie theater example.

Learn more about Price Floors & Demand here:

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