FICA contributions are mandatory and include two major parts: Social Security and Medicare. In 2019 the Social Security portion of the FICA tax is 6.2 percent on the first $132,900 of earnings for Social Security. The Medicare portion of the FICA tax is 1.45 percent on all earnings for Medicare. Samantha has earnings of $152,900. What is the total FICA (Social Security + Medicare) tax on Samanthas earnings (to the nearest $1)?

a) $8,240.

b) $10,167.

c) $10,457.

d) $11,697.

You are asked to prepare the December 31, 2021 Statement of Owners Equity for Hotels Incorporated. The Net Income for 2021 was $60,000. The Dividends Paid during 2021 were $20,000 and the Dividends Declared were $30,000. The balance in Retained Earnings as of January 1, 2021 was $50,000. What is the December 31, 2021 Balance shown on the Statement of Retained Earnings?

a) $20,000.

b) $60,000.

c) $70,000.

d) $80,000.

e) $90,00.

Based on the information below, determine the Cash flows from Operating Activities for the fiscal year ended 12/31/21 for the Snapchat Inn. What is your answer? The list of net changes in comparison to 2020 is shown below: Accounts Receivable increased by $25,000 Inventory decreased by $10,000 Prepaid expenses increased by $2,000 Accounts Payable increased by $10,000 Accrued Payroll decreased by $2,000 Income Taxes Payable decreased by $4,000 Dividends Payable decreased by $10,000 Net Income was $110,000 Depreciation was $85,000 Amortization expense was $55,000 There was a $10,000 gain on the sale of Long-term Marketable Securities There was a $5,000 loss on the the sale of Long-Term investments There was a $25,000 gain on the sale of Equipment

Group of answer choices

a) $97,000.

b) $207,000.

c) $227,000.

d) $250,000.

e) $460,000.