Supermeg Dry Cleaners Had the Following Payroll Data for Its

question 47

Multiple Choice

Supermeg Dry Cleaners had the following payroll data for its May 14 pay date: $$\begin{array} { | l | l | l | r | r | r | } \hline \text { May } & 14 & \text { Wages and salaries expense } & 522 & \$ 187,327.54 & \\\hline & & \text { Federal withholding tax payable } & 220 & & \$ 31,845.68 \\\hline & & \text { Social Sec urity tax payable } & 221 & & 10,769.95 \\\hline & & \text { Medicare tax payable } & 222 & & 2,518.78 \\\hline & & 401 ( \text { k) contributions payable } & 223 & & 6,656.46 \\\hline & & \text { Health Insurance pay able } & 224 & & 13,618.71 \\\hline & & \text { Union Dues payable } & 227 & & 4,683.19 \\\hline & & \text { Wages and salaries payable } & 226 & & 117,334.77 \\\hline &&&\\\hline \text { May } & 14 & \text { Wages and salaries payable } & 226&117,334.77 & \\\hline & & \text { Cash } & 101& &117,334.77 \\\hline\end{array}$$ When the firm remits its health insurance premium for this pay date,what is the General Journal entry?

• A) Debit Cash $13,618.71; Credit Health Insurance Payable $13,618.71
• B) Debit Cash $27,237.42; Credit Health Insurance Payable $27,237.42
• C) Debit Health Insurance Payable $13,618.71; Credit Cash $13,618.71
• D) Debit Health Insurance Payable $27,237.42; Credit Cash $27,237.42

Recognize the implications of rejecting or not rejecting the null hypothesis.

Understand the different types of incentive pay programs and their objectives.

Differentiate between employee stock ownership plans (ESOPs) and stock options.

Understand the concept and implications of the balanced scorecard method in incentive pay.

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Definitions:

Stereognosis

The ability to recognize objects by touch alone, without the aid of vision, indicating intact sensory and cognitive functions.

Positive Romberg

A neurological test result indicating a loss of balance when the eyes are closed, suggesting issues with proprioception or the inner ear.

Ataxia

A neurological sign consisting of lack of voluntary coordination of muscle movements that can include gait abnormality, speech changes, and abnormalities in eye movements.

Homan Sign

A clinical sign often used in the diagnosis of deep vein thrombosis (DVT), identified by pain in the calf or popliteal region upon dorsiflexion of the patient's foot.