Author Question: The date on which an employer must pay Social Security and Medicare taxes is a. January 1 of each ... (Read 68 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
The date on which an employer must pay Social Security and Medicare taxes is
 a. January 1 of each year.
   b. December 31 of each year.
   c. June 30 of each year.
   d. dependent on the amount of the taxes.

Question 2

Enoch, Inc. began operations on July 1, 2011. On August 1, it received 12,000 in advance for services to be performed evenly over the next 12 months. How much unearned revenue should the company report on its balance sheet at August 31, 2011?
 
  A) 12,000
  B) 1,000
  C) 11,000
  D) 5,000



pratush dev

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

d

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

For a complete list of videos, visit our video library