Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 8.00

leaf blowers

 

A company sells leaf blowers for $1,200 each. Each unit has a three-year warranty that covers replacement of defective parts. It is estimated that 4% of all leaf blowers sold will be returned under the warranty at an average cost of $58 each. During October, the company sold 414,000 leaf blowers; 940 leaf blowers were serviced under the warranty during October at a total cost of $39,000. The balance in the Estimated Warranty Liability account on October 1 was $19,500. What is the company's warranty expense for the month of October?

  $58,500
  $39,000
  $960,480
  $54,520
  $940,980
Mission Company has three employees:
   Gross pay through July Gross pay for August
  Smith $3,800 $1,600
  Cain 27,000 4,100  
  Clark 95,200 13,700  
The company is subject to the following taxes:
  Tax Rate Applied to
  FICA Ac€?o Social security 6.2% First $106,800
  FICA Ac€?o Medicare 1.45% All gross pay
  FUTA .80% First $7,000  
  SUTA 5.40% First $7,000  
What are Mission Company's total August payroll taxes for Cain?
  $567.85
  $2,379.15
  $1,751.85
  $313.65
  $2,065.50

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 06:08 PM My Price 8.00

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