Dan Jones and Pat Smith Are the Only Two Employees

question 142

Multiple Choice

Dan Jones and Pat Smith are the only two employees of Lone Star Company.In January,2012,Dan's gross pay was $4,400 and Pat's gross pay was $5,200.All earnings are subject to FICA taxes of 7.65%. Which of the following would be included in the entry to record the salary expense for January?

• A) A debit to Salary payable to employees for $734.40
• B) A debit to FICA tax payable for $734.40
• C) A credit to FICA tax payable for $734.40
• D) A credit to Salary expense for $734.40

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Understand the attributes and behaviors that contribute to effective team leadership.

Identify the strategies for creating high-performance teams.

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Definitions:

Internal Processes

Internal Processes refer to the operations and activities that occur within an organization to ensure its effective functioning and to meet its goals.

Outside Contact

Interaction or communication between members of an organization and individuals or groups external to it.

Status In Groups

The relative position or standing of an individual within a group, often determined by contributions, leadership, or esteem among group members.

Enhance Status

Strategies or actions taken to improve one's social or professional position or standing within a group or society.