1)

The law requires ________ to pay FICA taxes.

		a) the employee
		b) both employee and employer
		c) only retailers
		d) the employer

2)

The entry to record the initial borrowing of cash by issuing a promissory note will include a debit to ________ and a credit to ________:

a)		Notes Payable Cash
b)		Cash Interest Expense
c)		Interest Expense Cash
d)		Cash Notes Payable

3)

Sales taxes are recorded by the retailer as:

		a. Sales Revenue.
		b. Sales Tax Payable.
		c. Sales Returns and Allowances.
		d. Sales Tax Expense.