Jenny Company reported gross payroll of $800,000 for the month of January. The entity paid the payroll net of the following deductions:
Income tax – 70,000,
Social Securities tax – 15,000,
Health Insurance tax  – 8,000,
federal unemployment tax   – 7,000,
Total = 100,000
In addition, the entity recognized its additional contributions for the following in relation to January payroll:
Social Securities tax  -20,000, Health Insurance tax – 9,000, federal unemployment tax – 6,000, Total = 35,000. What amount should be reported as total payroll tax liability? with solution please thank you so much :>

On December 31, 2019, an entity has a machinery with the following cost and accumulated depreciation:

Machinery 60,000,000
Accumulated depreciation 20,000,000
Carrying amount 40,000,000

The fair value of the machinery is determined to be 33,000,000 and the estimated cost of disposal of the machinery is 500,000. The future net cash flows of the from the continued use of the machinery over the remaining useful life of 4 years are:
2020: 14,000,000
2021: 11,000,000
2022: 10,000,000
2023: 4,000,000

The discounted rate for the net cash flows is 10%. On December 31, 2021, the recoverable amount of the
machinery is determined to be 20,500,000 indicating reversal of impairment loss.

What amount should be reported as impairment loss on December 31, 2019?

What is the carrying amount of the machinery on December 31, 2020?

What amount should be recorded as gain on reversal of impairment on December 31, 2021?

Use the information for the next three (3) questions. On December 31, 2020, Ross Company provided the following information:

What amount should be reported as current liabilities?

What amount should be reported as noncurrent liabilities?

What amount should be disclosed as contingent liabilities?

Problem 4-12 (IAA) Von Company provided the following data for the current year in relation to accounts receivable: Debits January 1 balance after deducting credit balance P30,000 530,000 Charge sales 5,250,000 Charge for goods out on consignment 50,000 Shareholders’ subscriptions 1,000,000 Accounts written off but recovered 10,000 Cash paid to customer for January 1 credit balance 25,000 Goods shipped to cover January 1 credit balance 5,000 Deposit on long-term contract 500,000 Claim against common carrier 400,000 Advances to supplier 300,000 Credits Collections from customers, including overpayment of P50,000 5,200,000 Writeoff 35,000 Merchandise returns 25,000 Allowances to customers for shipping damages 15,000 Collection on carrier claim 50,000 Collection on subscription 200,000 1. What amount should be reported as accounts receivable on December 31? a. 565,000 b. 595,000 c. 545,000 d. 495,000 2. What total amount of trade and other receivables should be reported under current assets? a. 1,745,000 b. 2,045,000 c. 1,245,000 d. 1,195,000 3. What total amount of other receivables should be reported under noncurrent assets? a. 1,650,000 b. 1,150,000 c. 1,300,000 d. 1,600,000

On December 31, 2021, Omar Company revealed a balance of P 9, 750, 000 in the accounts receivable control account. An analysis of the accounts receivable provided the following information:

1.   Accounts receivable known to be worthless

      200, 000

2.   Trade accounts receivable- assigned (equity in assigned account is P 350,000)

      1, 900, 000

3.   Advance payments to creditors on purchase orders

      600, 000

4.   Advance to affiliated companies

      1, 500, 000

5.   Trade accounts on which postdated checks are held ( no entries were made on receipts of checks)

      345, 000

6.   Trade accounts receivable from officers, currently due

      250, 000

7.   Interest receivable on bonds

      350, 000

8.   Subscription receivable due in 30 days

      2, 200, 000

9.   Costumer’s accounts reporting credit balances arising from sales returns

      700, 000

10. Trade accounts receivables- unassigned

      2, 190, 000

11. Trade installment receivable due 1- 18 months, including unearned finance charge Of P 67, 000

      775, 000

What amount should be reported as “trade accounts receivable” on December 31, 2021?

a.

5, 000, 000

b.

5, 530, 000

c.

5, 900, 000

d.

5, 393, 000