On November 1, Alan Company signed a 120-day, 10% note payable, with a face value...
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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $57,000. Alan made the appropriate year-end accrual What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year) An employee eamed $61100 during the year working for an employer, The FICA tax rate for Social Security is 6.2% of the first $128,400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4% Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay
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