An employee earned $61,500 during the year working for an employer. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137700 of employee earnings per calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0,6%, and the State Unemployment Taxes (SUTA) tax rate is 54%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? Multiple Choice S10150 $5600 $378.00 Multiple Choice O $10150 O $56.00 $378.00 5434.00 $0.00 TB MC Qu. 09-70 (Algo) A company's interest expense... A company's interest expense is $11.000. Its income before interest expense and income taxes is $52,250. Its net income is $17.250. The company's times interest earned ratio equals: Multiple Choice O 475 0.33 O 0.211 Multiple Choice 475. 0.33 0.211 064 3.03. TB MC Qu. 09-134 (Algo) An employee earned... An employee earned $5,000 in February working for an employer The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137700 earned during each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145% of all earnings. The employee has $684 in federal income taxes withheld and has voluntary deductions for health insurance of $50 and contributes $500 to a retirement plan each month The employer pays the $200 remainder of the health insurance premium and an equal amount of contribution to the retirement fund. What is the amount of net pay for the employee for the month of February? Multiple Choice $3,383.50 $3,816.00 Multiple Choice $3,383 50 $3,84600 $3,933 50 $3.766.00 $2,883.50 A Prev 7 of 2018 Next > TB MC Qu. 09-147 (Algo) On December 3, the Celtics... On December 3, the Celtics sold a six-game pack of advance tickets for $3,330 cash On December 20, the Celtics played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Record the entry for the December 20 transaction Multiple Choice Debit Prepaid Tickets $555; credit Unearned Revenue $555 Debit Uneamed Revenue $555, credit Cash $555 Debit Cash $555, credit Ticket Revenue 5555 Multiple Choice Debit Prepaid Tickets $555, credit Unearned Revenue $555 Debit Unearned Revenue $555, credit Cash $555 Debit Cash $555, credit Ticket Revenue $555 O Debit Linearned Revenue $555, credit Ticket Revenue $555 Debit Prepaid Subscriptions $555 credit Ticket Revenue $555 Help Save & Exit Sut TB MC Qu. 09-85 (Algo) An employee earned... An employee earned $44,400 during the year working for an employer when the maximum limit for Social Security was $137,700. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145%. The employee's annual Federal Insurance Contributions Act (FICA) taxes amount is Multiple Choice o 56.793 20 O $643 80 $6.149.40 Multiple Choice $6.793 20 $643 80 S6,149.40 $2,752.80 $3.396 60 TB MC Qu. 09-76 (Algo) On November 1, Alan Company... On November 1, Alan Company signed a 120 day, 10% note payable with a face value of $11.700. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.) Multiple Choice $12,090 $11700 $11.960 Prev 10 of 2018 Next > Multiple Choice O $12,090 O $11,700 O $11.960 $1,895 O $11,830 TB MC Qu. 09-108 (Algo) Belkin Company provides medical... Belkin Company provides medical care and insurance benefits to its retirees. In the current year, Belkin agrees to contribute 5% of the employees' $390,000 gross salaries to a retirement program. What is the amount of employee benefits expense for the current period? Multiple Choice $39 5156 O $390 Multiple Choice $39 $156 $390 $19.500 $39,000
