26 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 $12,300. What is the amount of total unemployment taxes the employer must pay on this employee's wages? Multiple Choice o . o . o $738.00. o . o O S664 20. 27 The chief executive officer earns $20,300 per month. As of May 31, her gross pay was $101,500. The tax rate for Social Security is 6.2% of the first $128.400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of FICA. Medicare withheld from this employee for the month of June? Multiple Choice 5745721 $629.30 $1258.60 $294.35 30 A company issues 8% bonds with a par value of $90,000 at par on January 1. The market rate on the date of issuance was 7%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1to the bond holders) is: Multiple Choice o . o 56, . o o 53,600. o $3,5. o . A company's board of directors votes to declare a cash dividend of $.95 per share of common stock. The company has 19,000 shares authorized, 14,000 Issued, and 13,500 shares outstanding. The total amount of the cash dividend is: 55 Multiple Choice $12,825 O $26,125