The Following Information Relates to Blinds R Us' Payroll for the Month

question 69

Multiple Choice

The following information relates to Blinds R Us' payroll for the month of January: $$\begin{array} { l r } \text { Total wages } & \$ 15,000 \\\text { Income tax withheld } & 3,000 \\\text { Employees' CPP contributions } & 500 \\\text { Employees' El contributions } & 225 \\\text { Company contributions for CPP } & 500 \\\text { Company contributions for EI } & 315\end{array}$$
The total wage expense for Blinds R Us for the month of January is closest to:

• A)$14,185
• B)$15,000
• C)$15,185
• D)$18,815

Understand the principles and effects of McDonaldization in organizational settings.

Recognize the adaptability of secondary groups during stressful situations.

Grasp the influential role of social class and race within organizational promotions and roles.

Understand patterns of discrimination within organizations and how they persist despite formal equality.

---

Definitions:

December 31

The last day of the calendar year, often used as the end date for annual financial reporting.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the net worth and financial health of the business.

Cash Register

A machine or device at a point of sale used to calculate and register transactions and to store money.

Cash Over and Short

An account used to report the discrepancies between the actual amount of cash received and the expected amount in a cash transaction.