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Which of the following statements is correct? Multiple Choice O Social Security tax is paid only by the employer. The pay period always ends in conjunction with the company's fiscal year-end. Employee benefits such as vacation time and sick days should be recognized when the employees earn the benefit and not when they take the days off from work. Unemployment taxes are paid by both the employer and the employee. Houston Company is involved in a lawsuit. In which of the following situations is only a note disclosure of the contingent liability reported within the financial statements? Multiple Choice When the loss is remote and the amount cannot be reasonably estimated. When the loss is probable and the amount can be reasonably estimated When the loss is reasonably possible and the amount can be reasonably estimated. When the loss is remote and the amount can be reasonably estimated Your goal is to be able to withdraw $5,400 for each of the next nine years beginning one year from today. The return on the investment is expected to be 11%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice 0 $48,600 0 $29,900 0 $46,294. 0 $37,940