Stone’s gross pay for the week is $2000. Stone’s year-to-date pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Stone’s year-to-date pay has not yet exceeded the $7000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments?
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Refer to the following list of liability balances at Decembe…
Refer to the following list of liability balances at December 31, 2025.Accounts Payable$16,000Employee Health Insurance Payable850Employee Income Tax Payable600Estimated Warranty Payable (Due 2026)1200Long-Term Notes Payable (Due 2028)38,000FICA—OASDI Taxes Payable660Sales Tax Payable570Mortgage Payable (Due 2029)16,000Bonds Payable (Due 2030)57,000Current Portion of Long-Term Notes Payable3500What is the total amount of long-term liabilities?
Tipton Manufacturing has a machine that cost $115,000 when n…
Tipton Manufacturing has a machine that cost $115,000 when new and has accumulated depreciation of $102,000, which it sold for $9000. The amount of gain or loss from this sale is:
A $40,000, three-month, 7% note payable was issued on Decemb…
A $40,000, three-month, 7% note payable was issued on December 1, 2024. What is the amount of accrued interest on December 31, 2024? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
Masterpiece Sales Corporation offers warranties on all their…
Masterpiece Sales Corporation offers warranties on all their electronic goods. Warranty expense is estimated at 4% of sales revenue. In 2025, the company had $614,000 in sales. In the same year, Masterpiece Sales replaced defective goods with goods that had a cost of $16,000. Which of the following is the entry needed to record the replacement of the defective goods?
On March 1, 2024, Barker Services issued a 2% long-term note…
On March 1, 2024, Barker Services issued a 2% long-term notes payable for $16,000. It is payable over a 4-year term in $4000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2025. How will the notes payable be shown on the balance sheet dated December 31, 2024?
Which statement about Phylum Nematoda is false?
Which statement about Phylum Nematoda is false?
Which of the following re-colorizes Gram (-) bacteria during…
Which of the following re-colorizes Gram (-) bacteria during a Gram stain so they can be viewed under the microscope?
_______ methods of bacterial quantification are the most acc…
_______ methods of bacterial quantification are the most accurate but potentially more time-consuming.
Viruses cannot produce their own energy and must enter host…
Viruses cannot produce their own energy and must enter host cells to reproduce.