According to a Summary of the Payroll of Scotland Company

question 73

Essay

According to a summary of the payroll of Scotland Company, salaries for the period were $500,000. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (5.4%) and federal (0.8%) unemployment taxes. All earnings are subject to social security tax of 6.0% and Medicare tax of 1.5%.​
(a)Journalize the entry to record the accrual of payroll. If required, round your answers to the nearest cent.(b)Journalize the entry to record the accrual of payroll taxes. If required, round your answers to the nearest cent.​

Grasp the role and process of how crime is measured and reported in the United States.

Discern the difference between white-collar crime and other forms of crime, and understand its implications on societal perception of crime.

Comprehend the motivational factors and societal impact behind crimes through the perspective of criminological theories, especially Jack Katz's work.

Recognize the distinctions and categorizations of crimes (e.g., property crime, cybercrime) and the biases in crime reporting.

---

Definitions:

Revenue Variance

The difference between the actual revenue earned and the budgeted or forecasted revenue.

Client-Visits

The number of times clients go to a business or service provider's location within a specified period.

Planning Budget

An estimate of the income and expenditure for a set period of time, used for setting financial targets and objectives.

Wages and Salaries

Regular payments made by employers to employees in exchange for their work or services.