1,

An employee earned $60,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?

Multiple Choice

• $0.00

• $56.00

• $434.00

• $101.50

• $378.00

2,

Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company has no preferred stock. The company's earnings per share is:

Multiple Choice

• $1.71.

• $44.00.

• $1.59.

• $26.67.

• $1.65.