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(Click theicon to view the accouin balances ) (Clat the ican bo view the adelionul intimalion) Clek the icon to vire pappol tax tale iefiomaton.)

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(Click theicon to view the accouin balances ) (Clat the ican bo view the adelionul intimalion) Clek the icon to vire pappol tax tale iefiomaton.) Read the cosinnoests at yearend Data table a. The long-term debt is payable in annual installments of $54,000, with the next installment due on July 31 . On that date, Speedy Ship will also pay one year's interest at 8%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue interest expense at year-end. b. Gross unpaid salaries for the last payroll of the fiscal year were $4,900. Assume that employee income taxes withheld are $990 and that all earnings are subject to OASDI. c. Record the associated employer taxes payable for the last payroll of the fiscal year, $4,900. Assume that the earnings are not subject to unemployment compensation taxes. d. On February 1, the company collected one year's rent of $6,000 in advance. More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%, FUTA: 0.6% on first $7.000 earned; SUTA: 5.4% on first $7,000 earned. (Click theicon to view the accouin balances ) (Clat the ican bo view the adelionul intimalion) Clek the icon to vire pappol tax tale iefiomaton.) Read the cosinnoests at yearend Data table a. The long-term debt is payable in annual installments of $54,000, with the next installment due on July 31 . On that date, Speedy Ship will also pay one year's interest at 8%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue interest expense at year-end. b. Gross unpaid salaries for the last payroll of the fiscal year were $4,900. Assume that employee income taxes withheld are $990 and that all earnings are subject to OASDI. c. Record the associated employer taxes payable for the last payroll of the fiscal year, $4,900. Assume that the earnings are not subject to unemployment compensation taxes. d. On February 1, the company collected one year's rent of $6,000 in advance. More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%, FUTA: 0.6% on first $7.000 earned; SUTA: 5.4% on first $7,000 earned

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