CONTINUING PAYROLL PROBLEM
Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.
Olney Company is a small manufacturing firm located in Allentown, Pennsylvania. The company has a
workforce of both hourly and
( 1+ x )n=1+ nx +
n ( n1 ) x
The sample standard deviation formula is:
s = sample standard deviation
= sum of.
= sample mean
n = number of scores in sample.
The population standard deviation formula is:
= population standard deviatio
Selected transactions completed by Equinox Products Inc. during the fiscal year ended
December 31, 2014, were as follows:
a. Issued 15,000 shares of $20 par common stock at $30, receiving cash.
b. Issued 4,000 shares of $80 par preferred 5% stock at $100,