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Art Parrish,the sole employee of Parrish Sales,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $106,800,and thus subject to FICA.He is also subject to federal income tax at a rate of 18%.His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA.The fifth journal entry in the payroll cycle to record the payment by the company of payroll taxes to the government includes a debit to FICA payable of $306.
2.4 GHz
A common frequency used for 802.11 wireless networks.
Docking Station
A part that has connections for a monitor, printer, keyboard, and mouse that allows a laptop computer to be more like a desktop system. Sometimes called a mobile docking station or a laptop docking station.
BitLocker
A Microsoft utility that encrypts an entire disk volume, including operating system files, user files, and paging files. The utility requires two disk partitions at a minimum.
NFC Chip
Near Field Communication (NFC) chip is a small electronic device embedded in objects like smartphones and credit cards to enable close-range wireless communication, facilitating transactions and data exchanges.
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