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Will FUTA be withheld?

What should be withheld from a bonus in the year it is paid?

In my opinion only FICA and FIT should be withheld.Am I right or no?

I am not sure yet what kind of accountant I want to be I am right now just doing basic accounting course.Can you give me some career advice for growing in field of accounting?

Employer work week is 38-hour .Under Federal law , employee should not be paid for hours worked between 39 and 40 hours provided that his pay for the week divided by the hours he worked at least...

I want to be accountant and not with numbers and don't have any other problem just want to reconfirm few answers.This is ask me help desk and I am asking for help.Are you here to discourage students....

On August 10,2012 Chen is paid a weekly gross of $300 for a 38 hour work week.If he works 39 hours in week 1 and 38 hours in week 2, how much pay is he due for the two weeks?

a. $600 b.$...

The half year convention generally applies to

a. Assets other than building being depreciated under MACRS.
b. Assets other than building and passenger autos being depreciated under MACRS.

My...

When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation...

a. may be taken by extending the MACRS recovery period for...

When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation...

a. may be taken by extending the MACRS recovery period for...

The half year convention generally applies to

a. Assets other than building being depreciated under MACRS.
b. Assets other than building and passenger autos being depreciated under MACRS.

My...

During 2011, your firm acquires a 5,000-lb SUV for $30,000 and a 6,200-lb. SUV for $35,000.How much a Section 179 deduction will your firm take one each vehicle in 2011?

a. $25,000 and $25,000
b....

On July 1, 2011, a calendar year corporation purchases a new passenger auto for $25,000.The maximum tax depreciation allowed on the auto in 2011 is?

For the asset , maximum depreciation in Year 6...

I want to start career in accounting or Finance.What kind of course I should start after that I can find job easily?Any advice?

I did MBA ten years earlier but never got a job relevant to that.I have mostly Admin assistant job experience.Now I want to start my new career at age of 35, can any one advice how to start career...

It means option a.$55,000 is correct.

Thanks for your help.

My answer is d. $5,000

Your company pays expenses of $50,000 during the year and accrues expense of $5,000 at year end.what is your company's total expenses for the year?

a.$55,000 b. $50,000 c.$45,000 d.$5,000

Yes, My exam will be next week.

Which of the following might produce an account balance that is normal? And why please explain?

a. Underpayment of an account payable
b. Over payment of an account receivable by a customer
c....

Your company accrued $20,000 of salary expense at the end of Year 1, then paid $30,000 of salaries early in Year 2.How much salary expense applies to Years 1 and 2 respectively?
a. $30,000 and $0...

I think option C is correct.

Thanks very much Pready, you explain in a good way.Is this possible you can reply my few other accounting questions?

Which of the following might produce an account balance that is normal? And why please explain?

a. Underpayment of an account payable
b. Over payment of an account receivable by a customer
c....

Which of these errors is easiest to find and correct?

a. Failure to record a transaction
b. crediting Sales Revenue instead of Accounts Receivable for a payment
c. the Accumulated depreciation...

Can you please explain, why Accumulated depreciation should be debit and C option is correct?

On July 1, 2001, a machine is purchased at a cost of $ 20,000.Before the 2001 books are closed you discover that an error caused by using an in correct residual value resulted in depreciation for...

At year end, a physical count of office supplies reveals that $7000 of supplies were used up but no adjusting entry was made to account for this.If this error is found, it will most likely be because...

A comparison of this year's trial balance with last year's may be a good way to discover...
a. Whether normal accruals were made this year
b. Whether normal deferrals were made this year
c....

Failure to record depreciation on machinery will effect income statement, balance sheet , or both?