Incorrect Question 1 0/0.5 pts Becker, Inc.'s payroll is subject to taxes for FICA of 7.65%, FUTA of.7%, and SUTA of .4%. In July, the company withheld from employees: $110,925 for FICA, $290,000 for Income Tax, $145,000 for voluntary retirement programs, and $87,000 for health care programs. What is Becker, Inc.'s total amount of both Wage Expense and Payroll Tax Expense for July? Wage Expense was $817,075 and Payroll Tax Expense was $101,500. Wage Expense was $1,450,000 and Payroll Tax Expense was $159,500. Wage Expense was $817,075 and Payroll Tax Expense was $110,490. Wage Expense was $1,450,000 and Payroll Tax Expense was $400,925. None of the above Incorrect Question 2 0/0.5 pts Blier Company has a current liability for sales tax of $5,750 and recorded related sales revenues of $62,500. What was the sales tax rate and how much was due from customers for these sales? The tax rate was 9.87% and $56,750 was due. The tax rate was 8.4% and $68,250 was due. The tax rate was 8.4% and $65,500 was due. The tax rate was 9.2% and $68,250 was due. None of the above Incorrect Question 3 0/0.5 pts Claycomb Company sold goods for which it received total cash payments of $142,600. A9% excise tax and a 6% sales tax were included in the total cash payments. Sales revenue recorded should be: $121,210 $129,766 $124,000 $134,044 None of the above Incorrect Question 4 0/0.5 pts C-Mart Industries issued bonds with a face value of $6,000,000 and a coupon rate of 5% paid semiannually for 4 years. The market rate of interest is 6%. How much is the market value of the bond using a present value table? $5,250,000 $5,787,000 $5,826,728 $5,947,050 Incorrect Question 7 0/0.5 pts On April 30, 2013, one year before maturity, Red Products, Inc. retired $150,000 of 8% bonds payable at 103. The book value of the bonds on April 30 was $144.600. Bond interest was last paid on April 30, 2013. What is the gain or loss on the retirement of the bonds? $ 9,900 $5,400 $15,300 $12,000