1.Thomas Martin receives an hourly wage rate of $17, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 43; federal income tax withheld, $326; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?

a.$731

b.$1,097

c.$757

d.$1,462

2.On January 1 of the current year, the Barton Corporation issued 6% bonds with a face value of $97,000. The bonds are sold for $94,090. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is

a.$2,910

b.$5,820

c.$6,402

d.$485

3.

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:

Year 1:	$10,000
Year 2:	45,000
Year 3:	90,000

Determine the dividends in arrears for preferred stock for the second year.

a.$0

b.$10,000

c.$25,000

d.$30,000

3.