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Angie's gross pay for the week is $950.00. Her deduction for federal income tax is based on a rate of 25%. She has voluntary deductions
Angie's gross pay for the week is $950.00. Her deduction for federal income tax is based on a rate of 25%. She has voluntary deductions of $220.00. Her year - to-date pay is under the limit for OASDI. What is the amount of FICAMedicare Tax deducted from her pay? (Assume a FICAOASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.) A. $310.18 B. $237.50 C. $13.78 D. $58.90 Landings Glassware Company issues $1,119,000 of 8%, 10-year bonds at 96 on February 28, 2019. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a A. credit to Bonds Payable for $1,074,240 B. debit to Cash for $1,119,000 C. credit to Discount on Bonds Payable for $44,760 D. debit to Cash for $1,074,240 On December 1, 2018, Garden Products borrowed $82,000 on a 12%, 10-year note with annual installment payments of $8,200 plus interest due on December 1 of each subsequent year. Which of the following describes the first installment payment made on December 1, 2019? (Round your answer to the nearest whole number.) A. $8,200 principal plus $9,840 interest B. $9,840 interest only C. $8,200 principal plus $8,200 interest D. $8,200 principal plus $984 interest On January 1, 2018, Wonderland Sales issued $24,000 in bonds for $16,300. These are eight-year bonds with a stated interest rate of 15% and pay semiannual interest. Wonderland Sales uses the straight line method to amortize the bond discount. What is the bond carrying amount after the first interest payment on June 30, 2018? (Round your intermediate answers to the nearest dollar.) A. $20,631 B. $16,781 C. $24,000 D. $12,931
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