1) Katie Pereira and Ferro Schwartz are employees of Free Star, Inc. In February 2017, Katie's gross pay was $14,500, and Ferro's gross pay was $16,400. All earnings are subject to FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Which of the following would be included in the entry to record the salaries expense for February?

A. a debit to FICAlong dashMedicare Taxes Payable for $1,915.80

B. a credit to FICAlong dashOASDI Taxes Payable for $1,915.80

C. a debit to Salaries Payable to employees for $1,915.80

D. a credit to Salaries Expense for $1,915.80

2) Frank and Harry are partners. Frank has a capital balance of $49,000

and Harry has a capital balance of $40,000.

Bill invested a building worth $28,000

to the partnership for an ownership interest of 20%. CalculateBill's capital in the new partnership.

A. $23,400

B. $28,000

C. $12,000

D. $21,000

3) Maywood, Inc. has 5,000 shares of common stock outstanding. A stockholder has 100 shares. If the company distributes a 25% stock dividend, the stockholder now holds ________ shares of Maywood stock.

A. 25

B. 125

C. 100

D. 1,250