Help Save & Exit An asset's book value is $18,000 on December 31. Year 5. The asset has been deprecated at an annual rate of $3.000 on the straight line method. Assuming the asset is sold on December 31 Year 5 for $15,000, the company should record: Multiple Choice A loss on sale of $12,000 Again on sale of $12,000 Neitheto gainnar a loss is recognized on this transaction Again on sale of $3.000 Alousons of $3.000 An employee earns $5,950 per month working for an employer. The FICA tax rate for Social Security is 62% of the first $128,400 of earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 06%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $200 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $168 and contributes $84 to a retirement plan cach month. What is the amount the employer should record as payroll taxes expense for the employee for the month of January? Multiple Choice $45518 $499.18 $66418 $90293 An employee earned $61.700 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of employee earnings per calendar year and the FICA tax rate for Medicare is 145% of all earnings. The current FUTA tax rate is 0,6%, and the SUTA tax rate is 54%. Both unemployment taxes are applied to the best $7.000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? Multiple Choice S10150 55600 5378.00 $434 00