Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Rand Company's payroll on December 31 of the current year is as follows:
total payroll, $500,000
payroll in excess of $100,000 to each employee, $350,000
payroll in excess of $7,000 to each employee, $400,000
income taxes withheld, $85,000
union dues withheld, $10,000
tax rates: State unemployment tax, 5.4%; F.I.C.A. tax, 6% for employees and 8% for employers for any amounts over $100,000; federal unemployment tax, 0.6% . How would you find out the FICA Taxes Payable.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945690

Have any Question? 


Related Questions in Accounting Basics

Final project budget variance reportintroduction-in your

Final Project Budget Variance Report Introduction- In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the operating budget and variance analysis as explained i ...

Fbl5030 fundamentals of vlaue creation in business

FBL5030 FUNDAMENTALS OF VLAUE CREATION IN BUSINESS ASSIGNMENT ASSIGNMENT REQUIREMENTS- 1. The following is a list of 10 organisations/companies, one of which will be the subject of your analysis. CODE                   C ...

Practice questionswhat problems might arise in recording

Practice questions: What problems might arise in recording direct labour costs and how would you attempt to remedy them?

Calculate and provide an interpretation of the financial

Calculate and provide an interpretation of the financial results of an organisation listed on the FTSE 100 using ratio analysis. Assignment Task: Choose two of the UK'S Top three Telecoms companies from the list provided ...

Case study-nbsp pc problems plcpc problems plc is a

Case Study-  PC Problems plc PC Problems plc is a (fictitious) company engaged in the servicing of personal computers on a carry-in basis. The company started out several years ago as a small shop working on household ap ...

Accounting falcons incorporated in Accounting FALCONS INCORPORATED (IN MILLIONS)- Assets

Accounting FALCONS INCORPORATED (IN MILLIONS)- Assets 2013 2012 Cash and Marketable Securities 10 80 Accounts Receivable 375 315 Inventories 615 415 Total Current Assets 1,000 810 Net plant and equipment 1,000 870 TOTAL ...

Assignment - review of current accounting issuestask -in

Assignment - Review of Current Accounting Issues Task - In your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues a ...

The howard leasing company is a private held medium-size

The Howard Leasing Company is a private held, medium-size business that purchases school busses and leases them to school districts, curses, charitable organizations, and other businesses. to better serve its customers a ...

Provide a three page discussion in pdf to address the

Provide a three page discussion in PDF to address the following: • Changes to Rev Rec since initial issuance propose impact • Changes to IFRS 9 since initial issuance propose impact • Summary of the latest IFRS since 8 e ...

Do the following assignment using microsoft excel

Do the following assignment using Microsoft Excel (handwritten projects will not be accepted) This is an individual assignment, make sure you have included your name, Id and Section no on the printout. Submit in class on ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate