In determining an employee's net pay, which of the following taxes would be deducted? a. FUTA taxes b. SUTA taxes c. FICA taxes d. All of these choices are correct. The interest portion of an installment note payment is computed by a. dividing the carrying amount (book value) of the note at the beginning of the period by the interest rate. b. multiplying the interest rate by the carrying amount (book value) of the note at the beginning of the period. c. multiplying the interest rate by the carrying amount (book value) of the note at the end of the period. d. dividing the carrying amount (book value) of the note at the end of the period by the interest rate. The journal entry for an installment note payment includes a. a debit to Interest Expense. b. a debit to Notes Payable. c. a credit to Cash. d. All of these choices are correct.