CHAPTER 10 PAYROLL TAXES Discussion Questions 1. What type of compensation is subject to employer withholding? Answer: Wages subject to withholding include all pay given to employees for services performed. The wages include salaries‚ vacation allowances‚ bonuses‚ commissions‚ and possibly fringe benefits. 2. Who completes Form W-4 and what is its purpose? What information does it provide to employers? Answer: The Form W-4 is completed by the employee at the beginning
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13-11‚ 13-19 December 10‚ 2012 DR CR Salaries and Wages Expense $480‚ 000 Withholding Taxes Payable $80‚000 FICA Taxes Payable $28‚040 Union Dues Payable $9‚000 Cash [($480‚000 – $140‚000) X 7.65% = $26‚010] $362‚960 Payroll Tax Expense $29‚440 FICA Taxes Payable $140‚000 X 1.45% = $2‚030; $26‚010 + $2‚030 = $28‚040 $28‚040 FUTA Taxes Payable [($480‚000 – $410‚000) X .8%) $560 SUTA Taxes Payable [$70‚000 X (3.5% – 2.3%)] $840
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for the disabled and unemployed elderly. This act gave people more determination to find a job‚ knowing that if they became unemployed afterwards‚ they could cash in on unemployment insurance (Historical Background). In January of 1937‚ the first payroll taxes‚ meaning taxes out of a worker’s salary‚ for Social Security were collected‚ and the first monthly payments were made in 1942 (Historical Background). In 1939‚ two amendments to Social Security were made to supply payments to the spouse and
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The Art of the Conclusion The conclusion of an essay should establish a sense of closure or completeness that leaves the reader with lingering thoughts about the topic. Each writer has their own approach in composing a conclusion that they feel solidifies their argument; every approach makes different demands of a reader because of the moves the writer chooses to make. The essays “How to Tame a Wild Tongue” by Gloria Anzaldua‚ “Translating Translation” by Alberto Alvaro Rios‚ and “Joyas Voladoras”
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could help people. This could also help with learning new things. Listening to their opinion of their argument can even change the earlier opinions someone had. Seeing from another person’s point of view can help people with thoughts‚ understanding‚ conclusion. Someone’s point of view can make people’s thoughts work more. Trying to see from someone’s view will make people think of different ways to view what the other person sees. The thoughts would be why‚ when and where. With so many thoughts someone
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Conclusion Worksheet Instructions: Copy and paste the following text into a document or create a document that contains the same information. Respond to the following with complete sentences. 1. Copy and paste the introduction to your essay in the space below. King’s famous “Letter from Birmingham Jail‚” was written in response to a public statement of concern and caution issued by eight white religious leaders of the south. Even though King felt that they were men of “genuine good will‚” he didn’t
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Introductions and Conclusions Introductions and conclusions play a special role in the academic essay‚ and they frequently demand much of your attention as a writer. A good introduction should identify your topic‚ provide essential context‚ and indicate your particular focus in the essay. It also needs to engage your readers’ interest. A strong conclusion will provide a sense of closure to the essay while again placing your concepts in a somewhat wider context. It will also‚ in some instances
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well written. What kind of conclusion does the writer use? The conclusion was very well written. I think his intentions were to leave you wondering‚ because it left me wondering. What is the effect of that kind of conclusion on this essay? He knew exactly what and how he wanted to write. The simple question from the beginning just attracts your attention. Very well written and powerful essay‚ this is just a very touching essay he wrote this from experience. Conclusion Essay What article did
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Social Security and the Economy John Damon McCulley COM/156 – University Composition and Communication II 10/27/10 Laurie Ryan Axia College of University of Phoenix Even though according to the government‚ Social Security will be funded until the year 2040 (Social Security Administration‚ 2010)‚ Social Security will not subsidize all of American taxpayer’s retirement because the Baby Boomer generation began retiring in 2008‚ by 2030‚ there will be 34 million more Americans drawing
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History: More Than 85 Years of Philippine Partnership Caltex gained its foothold in the Philippines in 1917 when Texas Company (as Texaco was then known) began marketing the products in the Philippines through a local distributor‚ Wise and Co. Four years later‚ Texaco (Philippines) was formally established and opened its office in Binondo‚ Manila. Eleven years later‚ its Pandacan warehouse depot was converted into a key distribution terminal to bring products by barge to nearby provinces. By 1936
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