When creating a budget, it is important to save the amount you have left at the end of the month.

a. true
b. false

Ans: b. false

Business

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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

Business

Which message execution style depicts average people using a product in an everyday setting?

A) lifestyle B) scientific evidence C) slice of life D) personality symbol E) technical expertise

Business