Why are deductions from employees' earnings classified as liabilities for the employer? LO10
Question:
Why are deductions from employees' earnings classified as liabilities for the employer?
LO10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Business questions
-
Why are deductions from employees earnings classified as liabilities for the employer?
-
Part 1 Please examine the current liabilities on the Balance Sheet and identify those that are definitely determinable and those that are probably estimates. Does the corporation have any liabilities...
-
Differentiate between and provide examples of voluntary versus involuntary payroll deductions. Why are deductions from employees' earnings classified as liabilities for the employer? What is the...
-
The toroid of FIGURE P29.55 is a coil of wire wrapped around a doughnut-shaped ring (a torus). Toroidal magnetic fields are used to confine fusion plasmas. a. From symmetry, what must be the shape of...
-
Use the Maclaurin series for cos x to compute cos 5O correct to five decimal places?
-
EOQMultiple-Choice: a. The following information relates to the Henry Company Assuming that the units will be required evenly throughout the year, what is the EOQ? (1) 200. (2) 300. (3) 400. (4) 500....
-
StatCrunch was used to fit the model E1y2 = b0 + b1x1 + b2x2 to n = 20 data points, and the printout shown below was obtained. a. What are the sample estimates of b0, b1, and b2? b. What is the least...
-
Presented below are the financial statements of Rajesh Company Ltd. RAJESH COMPANY LTD. Income Statement For the Year Ended December 31, 2017 Sales...
-
Chemy During the year, a company has the following inventory transactions bate Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 55 135 205 115...
-
What are the principal reasons for using a special payroll checking account? LO10
-
For each of the following payroll-related taxes, indicate whether there is a ceiling on the annual earnings subject to the tax: (a) federal income tax, (b) Medicare tax, (c) social security tax, (d)...
-
Find f'(x) and f''(x). f(x) x/x 2 - 1
-
From the following electrochemical cells write: (a) the electrode half reactions for oxidation and reduction (b) the overall cell reaction (c) the NERNST equation for the emf for each of the cells...
-
Use the range rule of thumb to identify the values that are significantly low, the values that are signficantly high, and the values that are neither significantly low nor significantly high. A test...
-
On January 1, Year 1, Handy Company (Handy) purchased 70% of the outstanding common shares of Dandy Limited (Dandy) for $11,900. On that date, Dandys shareholders equity consisted of common shares of...
-
CarFind Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; 4,900,000 shares issued and outstanding Retained earnings $1,045,000 1,385,000...
-
Cell Phone Radiation Listed below are the measured radiation rates (in W/kg) corresponding to these cell phones: iPhone X, iPhone 7, Google Pixel, Samsung Galaxy 58, OnePlus 5, Motorola VE465, LG G3,...
-
Presented below is financial information for two different companies (amounts in thousands). Instructions (a) Determine the miss amounts. (b) Determine the gross profit rates. (Round to one decimal...
-
What is beacon marketing? What are digital wallets?
-
The payroll register of Ruggerio Co. indicates $13,800 of social security withheld and $3,450 of Medicare tax withheld on total salaries of $230,000 for the period. Federal withholding for the period...
-
All of the following are included on Form 1040, page 1, EXCEPT: The determination of filing status. The Presidential Election Campaign check box. The income section. The paid preparer signature line.
-
Question One: (25 marks) (X) Inc. purchased 80% of the outstanding voting shares of (Y) for $360,000 on July 1, 2017. On that date, (Y) had common shares and retained earnings worth $180,000 and...
Study smarter with the SolutionInn App