1) Which of the fallawing deductions paid by bath employer and emplayee? a) Federal income taxes b) Federal unemployment taxes FICA Taxes d SUTA Taxes 2) A bond is issued at premium a) When a bond's stated interest rate is equal to the market interest rate b) When a bond's stated interest rate is less than the effective interest rate cl When a bond's stated interest rate is less than the market interest rate d) When a bond's stated interest rate is higher than the market interest rate 3) The reason investors buy bands is to: a) Earn interest b) Own contralling interest in the company Exercise voting rights in a company d) Receive dividend payments 4) Firewood, Inc. signed a three year note payable for 45000 at 13% annual interest, interest expense far 2017 if the nate was signed on August 1,2017 round the your final answer to the nearest dollar) a) 2,925 b) 2,438 17,550 d 5,580 ) Which of the fallawing is included in the entry to recard employer's payroll tax? al a debit to state unemployment tax payable b) a credit to payroll tax expense c) a credit to FICA-OASDI tax payable d) a credit to Salary payable to employees 6) sales revenue for a sporting goods store amounted to 539,000 far the current account and are subject to a sales tax af 11%. which of the follawing would be entry to record the sales transitions? a) a debit to sales revenue for $539,000 b) a debit to sales tax payable for $59,290 c) a debit to account receivable for $598,290 d) a credit to accounts receivable for $539,000 7) If bonds with a face value of $208,000 are issued at 97 the amaunt of cash proceeds i a. $207,903 b. $20B,000 c. $201,760 d. $195,520 8) The principal amount of a bond is $65,000 its stated rate is 7% and the term of the bonds is five years. The band pays interest semi-annually. At the time of issue, the market rate is 8%. Determine the percent value of the bands at a. $65,000 b. $44,265 c. $18,453 d. $62,393 9) The face value is $81,000, the stated rate is 10% and the term af band is eight years. The bond pays interest semi-annually. At the time of issue, the market rate is 8%, what is the present value of the band at the market rate? a. $90,445 b. $47,191 c. $43,141 d. $83,754