Quirk Corp.'s payroll for the pay period ended October 31, 2008 is summarized as follows:
What amount should Quirk accrue as its share of payroll taxes in its October 31, 2008 balance sheet?

Name: Quirk Corp.'s payroll for the pay period ended October 31, 2008 is summarized as follows: What amount should Quirk accrue as its share of payroll taxes in its October 31, 2008 balance sheet?
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quirk Corp.'s payroll for the pay period ended October 31, 2008 is summarized as follows:
 What amount should Quirk accrue as its share of payroll taxes in its October 31, 2008 balance sheet?

Quizplus · Accepted Answer

($94,000 × .07) + ($24,000 × .03) = $7,300