Gilpin, Inc.'s payroll for November 2020 is summarized as follows: Total Wages $653,000 Federal Income Tax Withheld $127,200 Amount of Wages Subject to Payroll Taxes F.I.C.A. Unemployment $590,000 $74,000 The FICA rate is 7.65% each for the employer and the employee. Gilpin is subject to a total unemployment tax rate of 3.5%. What amount should Gilpin report as its liability for the employer's share of payroll taxes (exclude the employee's share) on its balance sheet as of November 30, 2020? $49,955 $45,135 $47,725 $72,810 Ozzie Smith Co. issues $30,000,000 of 5-year, 7.5% bonds on April 1, 2020 at par plus accrued interest (in other words, the investors buy the bonds on April 1, 2020). The bonds are dated January 1, 2020. The bonds pay interest semiannually on June 30 and December 31 each year. How much cash does Ozzie Smith receive on April 1, 2020? Please round your answer to the nearest dollar. Ernie Banks, Inc. issues $50,000,000 in 8-year bonds on January 1, 2020 at 6%. The bonds pay interest semiannually and are sold at a price to yield 8 percent. How much does Ernie Banks receive when it issues the bonds on Janauary 1, 2020? Note: if you use the PV function in Excel or a financial calculator, you might obtain somewhat different values than those obtained using the table below. You should, however, still be able to identify the best answer. 3% 4% 6% 8% Present value of a single sum for 8 periods 0.78941 0.73069 0.62741 0.54027 Pesent value of a single sum for 16 periods 0.62317 0.53391 0.39365 0.29189 Present value of an ordinary annuity for 8 periods 7.01969 6.73274 6.20979 5.74664 Present value of an ordinary annuity for 16 preiods 12.56110 11.65230 10.10590 8.85137 $50,000,000 $44,253,420 $45,642,870 $44,173,950