On September 1, 2021, Delta issued a $100,000, 8-month, noninterest-bearing note. The loan was made by l Bank where the stated discount rate is 9%. Delta's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A. 9.6%.

B. 9.5%.

C. 9.0%.

D. 9.7%.

Don Corp. has an employee benefit plan for compensated absences that gives each employee 10 paid vacation days and 10 paid sick days. Both vacation and sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given for sick days not taken. At December 31, 2021, Don's unadjusted balance of liability for compensated absences was $42,000. Don estimated that there were 300 total vacation days and 150 sick days available at December 31, 2021.

Don's employees earn an average of $200 per day. In its December 31, 2021, balance sheet, what amount of liability for compensated absences is Don required to report?

A. $90,000.

B. $84,000.

C, $60,000.

D. $144,000.

Simon Company pays its employees monthly. The payroll information listed below is for January 2021, the first month of Simons fiscal year. Assume none of the employees' earnings reached $7,000 during the month.

Salaries	$80,000
Federal income taxes to be withheld	16,000
Federal unemployment tax rate (FUTA)	0.80%
State unemployment tax rate (after FUTA deduction)	5.40%
Social security tax rate	6.2%
Medicare tax rate	1.45%

The journal entry to record payroll for the January 2021 pay period will include a debit to payroll tax expense of:

A. $6,120.

B. $11,080.

C. $4,960.

D. $57,880.