@Amor, you were correct. Can you explain to me why we're increasing the liability by the income tax withheld of $1,200. I can understand the logic that the 7% of EE and ER portion of tax should be liability, but why the $1,200?
Remember when our employers deduct our wages for our taxes every payday? They withhold them and remit them to IRS later. These collections become their tax accountability.
@23K, sorry, my kids were crazy last night so I didnt get to respond last night… My scores are gradually getting better. I read a section then work on the MCQ's and then after I do another section go back and work more. We're pretty much on the same timeline, I notice you're sitting 5/25, I'm on the 3rd of May… We can get through it… are your scores getting better as you go through them?
I will be better after I can get home and study tonight. Taking most of Sunday and all of Monday off from studying has refreshed me and I am anxious to get back to it!
I took the weekend off and did the Warrior Dash down here in Texas. I got back into it last night with Cash and Cash Equivalents and Receivables (Exam Matrix breaks theirs up differently than Becker and WTB).
Let's just say that smarted a bit…There wasn't as much RTMFQ as I would have liked getting back into the swing of things. :O/
Using Ninja MCQ, NINJA Notes, Audio, Flashcards and BLITZ, and 2014 Wiley Text
FAR - (61,63)
AUD - (68)
Keep Calm and RTMFQ
Accountant, what is best in life? To crush your MCQs, see them driven before you, and hear the lamentation of their SIMS!
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