Exam (elaborations)
D102 - Unit 9 WGU exam(48 questions and answers)
- Course
- Institution
D102 - Unit 9 WGU exam(48 questions and answers)
[Show more]
Content preview
D102 - Unit 9WGU exam(48
questions and
answers)
Social Security (FICA) Taxes
Federal Insurance Contributions Act taxes
imposed on the employee and the employer;
used mainly to provide retirement benefits
Bonus
Additional compensation beyond the regular
compensation that is paid to employees if
certain objectives are achieved.
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
,Unmute
0:01
/
0:15
Full screen
Brainpower
Read More
In the journal entry to record salary
payments to employees, why is the amount
of Salary Expense not equal to the amount of
Salaries Payable?
Because of property taxes
Because of payroll taxes
Because of sales taxes
Because of company income taxes
Because of payroll taxes
Why do companies sometimes pay managers
with a combination of a fixed salary plus an
earnings-based bonus rather than just pay a
higher fixed salary?
The earnings-based bonus plan causes the
managers to work harder to increase the net
income of the company.
The earnings-based bonus plan is a way to
reduce the amount of annual interest
, payments to banks.
The earnings-based bonus plan is a way for
shareholders to receive extra cash dividends
from the company.
The earnings-based bonus plan reduces the
amount of property taxes that the company
must pay.
The earnings-based bonus plan causes the
managers to work harder to increase the net
income of the company.
In an accounting context, what is a
contingency?
An amount received in advance from a
customer to help pay for the construction of
a specially ordered item
A loss or a gain on the sale of an item of
property, plant, or equipment
A bank loan that a company has arranged in
advance, but which has not yet been taken
An uncertain circumstance that will not be
resolved until a future event occurs
An uncertain circumstance that will not be
resolved until a future event occurs
During Year 1, it is claimed that Synesthor
Company's operations caused some damage
to the air and water in its community. This
claim is currently under government
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now