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Question: 1-3. The three common payroll taxes levied against employers are: 1. 2. 3. 4.Of the two payroll t...

1-3. The three common payroll taxes levied against employers are: 1. 2. 3. 4.Of the two payroll taxesfederal income tax and federal unemployment compensation taxthe one not subject to a ceiling on the earnings subject to the tax is 5-7.A 180-day, 15% note for $175,000 dated March 10, payable to Third Bank & Trust, is signed by Arthur Co. 5.The maturity date of the note is 6.The interest payable at the maturity date is 7.The maturity value of the note is 8-9.Assume that the note referred to in Question 5-7 was not interest-bearing but was discounted at Third Bank & Trust at a rate of 12%. 8.The amount of the discount is 9.The amount of the proceeds is 10.The detailed payroll record maintained for each employee is called the 11.A pension plan in which the employer makes contributions but the employee bears the investment risk is called a 12.The vacation pay expense for the current year is estimated at $200,000. If two-thirds of the vacations were taken during the current year and the remainder of the vacations will be taken in future years, how much expense should be reported in the current year?