An employee earned $37,000 during the year working for an employer when the maximum limit for Social Security was $118,500 each calendar year. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee’s annual FICA taxes amount is:

All of the following are external users of financial statements except:  

A company bills one of its customers, on account, $900 for inventory sold, $100 for freight to ship the inventory and 8% sales tax on both of these items.  Which of the following is the correct journal entry to record this sales transaction?

When Anders took out his first two-year membership with Maxima Gym in 2004, the fee was $540.00.  He renewed his membership three times; in 2006 for $580.00, in 2008, for $600.00, and again in 2010, for $640.00. What is the overall rate of inflation for Anders’ gym membership?

Why do economists care so much about wages rising in step with labor productivity?

What is the formula for the ionic compound formed when potassium and bromine combine?  

Which of the following molecules is the only one that does NOT contain a polar bond? The electronegativities are provided in the following table:  H 2.1 C 2.5 O 3.5 Cl 3.0 (a)     (b)    (c)

Which atom fits the electron-dot symbol shown below?  

What is another name for an unshared pair of electrons in a covalent compound?

When magnesium forms magnesium ion, it ________ two electrons.