Question
A company issues 9%, 20-year bonds with a par value of $750,000. The current market rate is 9%. The amount of interest owed to the
A company issues 9%, 20-year bonds with a par value of $750,000. The current market rate is 9%. The amount of interest owed to the bondholders for each semiannual interest payment is. A $0 B $67,500 C $33,750 D $750,000 E $1,550,000
An employee earned $47,000 during the year working for an employer. The FICA tax for social security is 6.2%, and the FICA tax for Medicare is 1.45%. The employee's share of FICA taxes is: A $2,914.00. B $681.50. C Zero, since the employee's pay exceeds the FICA limit. D $3,595.50. E $7,191.00.
The current FUTA tax rate is 0.8% 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 $8,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? A $322.00. B $551.80. C $480.60. D $434.00. E Zero, since the employee's wages exceed the maximum of $7,000.
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