On January 5, Thomas Company, a calendar-year company, issued $1,000,000 of notes payable, of which $250,000 is due on January 1 each of the next four years. The proper balance sheet presentation on December 31 is O a. Current Liabilities, $1,000,000 b. Long-Term Debt, $1,000,000 O c. Current Liabilities, $750,000; Long-Term Debt, $250,000 Od. Current Liabilities, $250,000; Long-Term Debt, $750,000 Thomas Martin receives an hourly wage rate of $21, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 47; federal income tax withheld, $305; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin? O a. $1,481 Ob. $1,061 c. $987 Od. $1,974 Martin Jackson receives an hourly wage rate of $30, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson? Oa. $1,097.95 Ob. $460.25 Oc. $1,009.75 d. $1,470.00