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35. Mission Company has three employees: Pay through July Gross Pay for August Smith Cain Clark $3,200 25,800 94.600 $1,000 3,500 13.100 FICA -Social Security

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35. Mission Company has three employees: Pay through July Gross Pay for August Smith Cain Clark $3,200 25,800 94.600 $1,000 3,500 13.100 FICA -Social Security FICA-Medicare FUTA SUTA 6.20 % 1.45 80 5.40 First $106,800 All gross pay First $7,000 First $7,000 The ceiling on taxing Social Security is $106,800 as noted above. What is the amount that Mission Company will withhold from Clark's gross pay in August? (2 points) A. $946.35 B. $1,002.15 C. $1,814.35 D. $6,234.75 E. $812.20 36. The carrying value of a bond: A. Is computed as the future value of all remaining future payments, using the market rate as interest B. Is the face value of the bond less the remaining unamortized discount or plus the remaining unamortized premium C. Increases each time period that the premium is amortized D. Is computed as the present value of all remaining interest payments, discounted using the note's rate of interest E. Decreases each time period that the discount on the bond is amortized 15 35. Mission Company has three employees: Pay through July Gross Pay for August Smith Cain Clark $3,200 25,800 94.600 $1,000 3,500 13.100 FICA -Social Security FICA-Medicare FUTA SUTA 6.20 % 1.45 80 5.40 First $106,800 All gross pay First $7,000 First $7,000 The ceiling on taxing Social Security is $106,800 as noted above. What is the amount that Mission Company will withhold from Clark's gross pay in August? (2 points) A. $946.35 B. $1,002.15 C. $1,814.35 D. $6,234.75 E. $812.20 36. The carrying value of a bond: A. Is computed as the future value of all remaining future payments, using the market rate as interest B. Is the face value of the bond less the remaining unamortized discount or plus the remaining unamortized premium C. Increases each time period that the premium is amortized D. Is computed as the present value of all remaining interest payments, discounted using the note's rate of interest E. Decreases each time period that the discount on the bond is amortized 15

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