Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in Millions): Long-term debt is composed of the following: December 31 Current Preceding Year Year Total Notes payable $369,700 $203,300 Less current portion (107,200) (99,800) Long-term debt $262,500 $103,500 a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? b. How much did the total current liabilities change the preceding year and the current year as a result of the current portion of long-term debt? c. 1 Connie's Bistro did not issue additional long-term debt next year, what would be the total notes payable on December 31 of the upcoming year? Calculate Payroll An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week Assume that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal Income tax to be withheld was $303.60 a. Determine the gross pay for the week If applicable, round your final answer to two decimal places b. Determine the net pay for the week Calculate Payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll Information is available for each employee Consultant Computer Programmer Administrator Regular earnings rate $2,110 per week $28 per hour $42 per hour Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate Federal income tax withheld $910 $239 $505 For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. For the current pay period, the computer programmer worked 54 hours and the administrator worked 63 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5% Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. 14 required, round your answers to two decimal places Consultant Computer Programmer Administrator Gross Day Net pay