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An employee earned $61.400 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of employee earnings per 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 total unemployment taxes the employee must pay? Multiple Choice O $101.50 O $56.00 O $378.00 O $434.00 O $0.00 On April 12. Hong Company agrees to accept a 60-day, 8%. $5.700 note from Indigo Company to extend the due date on an overdue account. What is the journal entry that Indigo Company would make. when it records payment of the note on the maturity date? (Use 360 days a year.) Multiple Choice O Debit Notes Payable $5,700; debit Interest Expense $76; credit Cash $5,776. O Debit Cash $5,776; credit Interest Revenue $76; credit Notes Payable $5.700. 0 Debit Cash $5,776: credit Interest Revenue $76; credit Notes Recelvable $5.700 0 Debit Notes Payable $5,700; credit Interest Expense $76, credit Cash $5.624. 0 Debit Notes Payable $5.700 debit Interest Expense $114 credit Cash $5.814