Prior to the last weekly payroll period of the calendar year, the cumulative earnings of employees A very and Bobbie are $99, 350 and $91,000 respectively. Their earnings for the last completed payroll period of the year are $850 each. The amount of earnings subject to security tax at 6% in $100,000 All earnings are subject to Medicare tax of 1.5 %. Assuming that the payroll will be paid on December 29. what will be the employer's total FICA tax for this payroll period on the two salary amounts of $580 each? $112.50 $115.50 $127.50 $0 For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?. only federal withholding tax only Social Security tax only unemployment compensation tax none of the above Which of the following should be add to net income in calculating net cash flow from operating activities using the indirect method? an decrease accounts receivable a decrease in accounts payable an increase in inventory preferred dividends declared and paid On the statement of cash flows, the cash flows from financing activities section would include receipts from a note receivable receipts from the sale of investments payments for the acquisition of investments receipts from the issuance of capital stock When a company sells machinery at a price equal to its book value, this transaction would be recorded with an entry that would include the following: debit Machinery; credit Cash and Accumulated Depreciation debit Cash and Depreciation Expense; credit Accumulated Depreciation debit Cash and Machinery; credit Accumulated Depreciation debit Cash and Accumulated Depreciation; credit Machinery On January 1. 2016. the Salvation Corporation issued 10% bonds with a face value of $250,000. The hoods are sold for $230,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31. 2025. Salvation records straight-line amortization of the bond discount The bond interest expense for the year ended December 31, 2016, is $25,000 $27,000 $26,000 $29,000