The bullwhip effect occurs when companies order more supplies than are needed due to a sudden change in demand

Mike's Door Service's payroll data for the second week of June included the following:

Employees' gross earnings $4,500 Taxable earnings for FICA: OASDI 2,500 Medicare 4,500 Taxable earnings for state unemployment taxes: $2,000 Assume the following tax rates: FICA-OASDI 6.2% FICA-Medicare 1.45% State unemployment 1.5% Federal unemployment 0.06% Required: Prepare the payroll tax expense entry. What will be an ideal response?

Paul incurred circulation expenditures of $180,000 in 2017 and deducted that amount for regular income tax purposes. Paul has a $60,000 negative AMT adjustment for each of 2018, 2019, and for 2020

a. True b. False Indicate whether the statement is true or false