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| In Scenario 4.01 B, calculate the adjusted checkbook balance. |
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Term
| In Scenario 4.01 D, what is the adjusted checkbook balance? |
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Term
| In Scenario 4.01 F, what is the adjusted bank balance? |
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Term
| WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of the unemployment taxes? |
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Definition
| Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00 |
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Term
| Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax $125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes? |
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Definition
| Debit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00 |
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Term
| In FIGURE 4.03 E, what is the employer's federal unemployment tax for the pay period? |
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Term
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In FIGURE 4.03 E, what is the employer's Social Security tax amount for the pay period?
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| In FIGURE 4.03 E, what is the employer's Medicare tax amount for the pay period? |
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Term
| John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. What is the correct entry for recording the company's payroll? |
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Definition
| Debit Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25 |
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Term
| Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55, federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total deductions? |
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Term
| what is the state income tax withholding for Kevin? |
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Definition
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Term
| what is the Social Security withholding for Kevin? |
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Term
| what are Alison's gross earnings for the pay period? |
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Definition
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Term
| what are Daniel's gross earnings for the pay period? |
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Definition
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Term
| what are Nick's gross earnings for the pay period? |
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Definition
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Term
| what are Mark's gross earnings for the pay period? |
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Term
| WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment of the unemployment taxes? |
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Definition
| Debit State Unemployment Tax Payable $95.00; credit Cash $95.00 |
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Term
| Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the payment of the unemployment taxes? |
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Definition
| Debit State Unemployment Tax Payable $168.00, credit Cash $168.00 |
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Term
| Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal Income Tax $250.00. What is the entry to journalize the payment of the payroll taxes |
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Definition
| Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00 |
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Term
| Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax $125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes? |
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Definition
| Debit Payroll Tax Expense $405.00; credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00 |
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Term
| Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55, federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total deductions? |
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Definition
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Term
| what is the Medicare withholding for Kevin? |
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Definition
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Term
| what is the state income tax withholding for Sally? |
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Term
| Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10 hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour. Calculate Brandon's regular, overtime and total hours for the week. |
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Definition
| 40 Regular Hours, 8 Overtime Hours, and 48 Total Hours |
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Term
| Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay? |
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Definition
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Term
| what is the Social Security withholding for Sally? |
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Term
| Jessica wants to replenish the $200 petty cash fund. She has receipts for the following total payments: supplies, $85; and repairs, $55. A cash count shows $75 in the petty cash box. What is the correct journal entry to record the transaction? |
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Definition
| Debit Repair Expense $55, debit Supplies $85, and credit Cash $125, credit Cash Short and Over $15 |
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Term
| Joseph wants to replenish the $150 petty cash fund. He has receipts for the following total payments: supplies, $75; and repairs, $43. A cash count shows $40 in the petty cash box. What is the correct journal entry to record the transaction? |
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Definition
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Debit Repair Expense $43, debit Supplies $75, and credit cash $110, credit Cash Short and Over $8
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Term
| Daniel wants to replenish the $250 petty cash fund. He has receipts for the following total payments: postage, $34; and repairs, $76. A cash count shows $100 in the petty cash box. What is the correct journal entry to record the transaction? |
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Definition
| Debit Repair Expense $76, debit Office Expense $34, debit Cash Short and Over $40, and credit Cash $150 |
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Term
| Steve wants to replenish the $200 petty cash fund. He has receipts for the following total payments: supplies, $18; and repairs, $32. A cash count shows $145 in the petty cash box. What is the correct journal entry to record the transaction? |
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Definition
| Debit Repair Expense $32, debit Supplies $18, debit Cash Short and Over $5, and credit Cash $55 |
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