## (Solution Download) A company sells leaf blowers for \$1,200 each. Each unit has a three-year warranty that covers replac

 A company sells leaf blowers for \$1,200 each. Each unit has a three-year warranty that covers replacement of defective parts. It is estimated that 4% of all leaf blowers sold will be returned under the warranty at an average cost of \$58 each. During October, the company sold 414,000 leaf blowers; 940 leaf blowers were serviced under the warranty during October at a total cost of \$39,000. The balance in the Estimated Warranty Liability account on October 1 was \$19,500. What is the company's warranty expense for the month of October?

 \$58,500 \$39,000 \$960,480 \$54,520 \$940,980

 Mission Company has three employees:

 Gross pay through July Gross pay for August Smith \$3,800 \$1,600 Cain 27,000 4,100 Clark 95,200 13,700

 The company is subject to the following taxes:

 Tax Rate Applied to FICA Ac??o Social security 6.2% First \$106,800 FICA Ac??o Medicare 1.45% All gross pay FUTA .80% First \$7,000 SUTA 5.40% First \$7,000

 What are Mission Company's total August payroll taxes for Cain?

 \$567.85 \$2,379.15 \$1,751.85 \$313.65 \$2,065.50

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