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answer all parts 3 The following information is for employee William Heedy for the week ended March 15. Total hours worked: 48 Rate: $16 per

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3 The following information is for employee William Heedy for the week ended March 15. Total hours worked: 48 Rate: $16 per hour, with double time for all hours in excess of 40 Federal income tax withheld: $200 United Fund deduction: 550 Cumulative earnings prior to current week: $6,400 Tax rates: Social security: 6% on maximum camings of S106,800 Medicare tax: 1.5% on all earnings: on both employer and employee State unemployment: 4.2% on maximum earnings of $7,000; on employer Federal unemployment: 0.8% on maximum carnings of $7,000; on employer (a) What are the total earnings for William (b) How much are William's deductions (c) How much is William's Net Pay (d) What are the additional payroll taxes that William's Employer will be paying in addition to William's Earnings? 4 On March 15, Silver Co. issued a $80,000, 5%, 90-day note payable to Gold Co. How much will Silver Co. have to pay at maturity? (Assume 360 days in a year) $84.000 $79,000 c $80,000 Use Drop Down List d $81,000 a b 5 If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount: a. less than face value. b equal to the face value e greater than face value. d. that cannot be determined Use Drop Down List 6 The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? 5.000 100,000 60,000 Use Drop Down List 55.000 b. d

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