7. Roxy Co., which has a taxable payroll of $600,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 3%. What is the total amount of federal and state unemployment tax for Roxy Co.? a. $60,200 b. $49,200 c. $22,800 d. $16,800 8. A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2014. Historically, 10% of customers mail in the rebate form. During 2014,3,000,000 packages of light bulbs are sold, and 140,000 \$1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2014 financial statements dated December 31? a. $300,000;$300,000 b. $300,000;$140,000 c. $300,000;$160,000 d. $140,000;$160,000 9. Presented below is information available for Marley Company. ( Total current liabilities are $100,000. The acid-test ratio for Marley is: a. 2.20 to 1 b. 2.50 to 1 c. 1.30 to 1 d. 1.10 to 1 7. Roxy Co., which has a taxable payroll of $600,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 3%. What is the total amount of federal and state unemployment tax for Roxy Co.? a. $60,200 b. $49,200 c. $22,800 d. $16,800 8. A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2014. Historically, 10% of customers mail in the rebate form. During 2014,3,000,000 packages of light bulbs are sold, and 140,000 \$1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2014 financial statements dated December 31? a. $300,000;$300,000 b. $300,000;$140,000 c. $300,000;$160,000 d. $140,000;$160,000 9. Presented below is information available for Marley Company. ( Total current liabilities are $100,000. The acid-test ratio for Marley is: a. 2.20 to 1 b. 2.50 to 1 c. 1.30 to 1 d. 1.10 to 1