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23 25 The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of
23 25 The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9.900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? Multiple Choice O $336.00 0 $420.00 0 $534.60 $594.00 $0 00 On April 12, Hong Company agrees to accept a 60-day, 10%, $4,500 note from Indigo Company to extend the due date on an overdue account payable. What is the journal entry made by Indigo Company to record the transaction? Multiple Choice Debit Notes Payable $4.500: credit Accounts Payable $4,500. Debit Accounts Payable $4,500; credit Notes Payable $4,500. Debit Accounts Receivable $4,500, credit Notes Payable $4,500. Debit Cash $4,500; credit Notes Payable $4,500 O Debit Notes Payable $4,500; credit Accounts Payable $4,500. Debit Accounts Payable $4,500, credit Notes Payable $4,500 Debit Accounts Receivable $4,500, credit Notes Payable $4,500. Debit Cash $4,500; credit Notes Payable $4,500 Debit Sales $4,500: credit Notes Payable $4,500
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