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Question 20 1 pts Use this information for Harris Company to answer the following questions. Assuming no employees are subject to ceilings for their earnings,
Question 20 1 pts Use this information for Harris Company to answer the following questions. Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 15-31. Gross payroll $10,000 Federal income tax withheld $1,800 Social security rate 6.0% Federal unemployment tax rate 0.8% Medicare rate 1.5% State unemployment tax rate 5.4% Salaries Payable would be recorded for $8,200 $6,830 $8,630 $7,450 Question 21 1 pts When a limited liability company is formed, o the members activities are limited all members have limited liability some of the members have limited liability none of the members has limited liability Question 22 1 pts Scott Company sells merchandise with a one-year warranty. Sales consisted of 2,500 units in Year 1 and 2,000 units in Year 2. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in Year 1 and 70% in Year 2 for the Year 1 sales. Similarly, 30% of repairs will be made in Year 2 and 70% in Year 3 for the Year 2 sales. In the Year 3 income statement, how much of the warranty expense shown will be due to Year 1 sales? $0 $20,000 $14,000 $6,000
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