Electronics Service Co. pays salaries monthly on the last day of the month. The following information is available from Electronics for the month ended December 31, Year 1: Administrative salaries Sales salaries Office salaries $96,000 57,000 38,000 Assume the Social Security tax rate is 6 percent on the first $130,000 of salaries. Duke reached the $130,000 amount in December. His salary is $11,500 per month and is included in the $96,000. No one else will reach the $130,000 amount for the year. None of the employee salaries are subject to unemployment tax in December. Other amounts withheld from salaries in December were as follows: Federal income tax State income tax $21, 500 11,200 4,000 Employee savings plan Required a. Determine the net pay for employee salary expenses on December 31, Year 1. Net pay b. Determine the amount of payroll tax expense for Electronics Service Co. for December, Year 1. Payroll tax expense

For VAT and Percentage transactions, state when will be the deadline for the remittances?

What notice given to the customer explains that we may report ingormation to the credit bureaus

How would a business record a bill received in QuickBooks?

do all charts have to have live item that state Total Revenue?

Define Permanent accounts

Explain and define deeply the three (3) types of electronic payment. Cite some situational examples.

If a credit is issued to a customer, how will this affect the General Ledger Account?

What is a credit memo? When is it used?

Show a journal entry writing off an account using both the allowance method and the direct write-off method. NOTE: YOU CAN INCLUDE ANY AMOUNTS AS LONG AS THEY MAKE SENSE, BUT DO NOT FORGET TO INCLUDE ACTUAL NUMBERS FOR THIS JOURNAL SHOWING BOTH METHODS AS STATED ABOVE. THIS CAN BE MADE UP BUT DO NOT FORGET THE NUMBERS.