Known liabilities of estimated amounts are _____

A. Reported as revenue

B. Ignored; record them when paid

C. Contingent liabilities

D. Reported only in the notes to the financial statements

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An employee has year-to-date earnings of $105,000. The employee's gross pay for the next pay period is $5,000. If the FICA wage base is $106,800, how much FICA tax will be withheld from the employee's pay? _____

A. $184.10

B. 61.20

C. $137.70

D. $310.00