PLEASE SHOW WORK FOR 1 AND 2 THANK YOU

1) an employee receives an hourly rate of $15 with time and a half for all hours worked in excess of 40 during the week. payroll data for the current week are as follows: hours worked, 48, federal income tax withheld $120 cumulative earnings for the year prior for this week $24500 social security tax rate 6% on maximum of $100,000 and medicare tax rate 1.5% on all earnings , state unemployment compensation tax 3.4% on the first $7000, federal unemployment compensation tax .8% on the first $7000. what is the net amount to be paid to the employee

a) 568.74

b)574.90

c) 660.00

d)601.50

2) On march 1st glover company purchased equipment costing $130,000 having an estimated residual value of $10,000 and an estimated life of 5 eyars. it is to be depreciated by the straight line method. what is the amount of depreciation for the first partial year with glovers eyar end being december 31st

a) $22000

b)$20000

c) $24,000

d)$18,000

3)which of the following depreciation methods is required to be usd by companieson their federal income tax returned file with the internal revenue service

a) modified accelerated cost recovery system

b) straight line

c) modified cost recovery system

d)declining balance

4) the journal entry a company uses to record the payment on a note payable to the bank would be

a) the cash flows from financing activities section

b)debit cash , credit note payable

c) debit cash, credit interest payable

d) debit interest payable, credit cash

5) which of the following is not a prerequisite to paying a ash dividend

a) formal action by the board of directors

b) vote by the shareholder's of the company

c) sufficient cash

d) sufficient retained earnings