Question #1:

Which payroll taxes are paid BY EMPLOYERS and have NO EMPLOYEE-PAID portion? Select all that apply.

A) Social Security Tax

B) Federal Income Tax

C) Medicare Tax

D) Sate Income Tax

E) Federal Unemployment Tax

Question #2:

A company bought a computer for $1,500. THREE YEARS LATER, the computer was sold for $300.

ASSUMING a 5-Year estimated service life and straight line depreciation, which ACCOUNT(S) WOULD BE USED to record the disposal of the asset?

Select all that apply.

A) Sales Income

B) Depreciation Expense

C) Gain/Loss on Sale of Asset

D) Fixed Assets

E) Accumulated Depreciation