The carrying value of a bond issued at a premium is calculated at any given point in time by deducting the balance of the unamortized premium from the bond's face value

Indicate whether the statement is true or false

F

Business

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Molly Company has a monthly gross payroll of $6,000, which is subject to unemployment taxes (federal at 0.8% and state at 5.4%). All earnings are subject to 6.2% FICA taxes for Social Security, and 1.45% FICA Taxes for Medicare. Income tax withholdings (Federal and State combined) are 25% of total earnings. The entry to record the monthly payroll tax expense will include:

A) credit to Accrued Salaries Payable of $4,041 B) credit to FICA- Social Security Taxes Payable of $372 C) credit to Income Taxes Payable of $1,500 D) credit to Accrued Salaries Payable of $4,041 E) credit to Payroll Taxes Expense of $831

Business

Give an example of a cultural shift that may impact the marketing of products or services

What will be an ideal response?

Business