One of the advantages of using secondary data is that it may enhance primary data
Indicate whether the statement is true or false
TRUE
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Which of the below processes would be found in the operations management department?
A. Creating production schedules B. Communicating marketing campaigns C. Hiring employees D. Processing sales
Jack, an employee of Desert Sky, Inc, has gross salary for May of $16,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 24%. Which of the following is a part of the journal entry for accrual of the employer payroll taxes? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Jack's income to date exceeds the FUTA and SUTA tax income limits. A) credit to Salaries Payable for $16,000 B) debit to Cash for $11,256.00 C) debit to Employee Income Taxes payable of $3,840.00 D) credit to FICA-Medicare Taxes Payable of $232.00