Question 46 The company paid the following wages to employees this pay period. Gross wages Federal income tax withheld Social Security tax Medicare tax State unemployment tax Federal unemployment tax S40.000 5,000 6% 1.5% 3% 0.8% Social security taxes are computed on the first $132,900 of wages. Unemployment taxes are computed on the first $7,000 of wages. One employce is hired this pay period His wages totaled 8749. All state and federal unemployment taxes will be calculated on the new employee's wages because all other employees have earned more than $7,000. No employee has earned more than $132,900 this year. What is the Payroll Tax Expense (rounded to the ncarest dollar)? 32.248 32.273 $3.028 $3,543 Question 42 The company acquired land with a fair value of $60,000 $10,000 was paid as a down payment and a 10% note (payable in six months) was signed. Show the amount of interest and the payment of the note in 6 months Debit Notes Payable $60,000 and Interest Expense 56,000; Credit Cash $66,000 Dobit Notos Payable 567,500 and Interest Expense 53,750, Credit Cash 567.500 Dobit Notes Payable of $50,000 and Interest Expense of $2,500; Credit Cash S52,500 Debit Notes Payable $60,000 and Interest Expense $3,000; Credit Cash 563,000 Question 43 Machinery acquired on January 1, 2019 at a cost of $15,000 with a residual value of $3,000 and has nocumulated depreciation of 9,000 when it is sold. The company receives $2,000 cash and a $3,000 note receivable duc in 180 days at an interest rate of 8%. Record the gain or loss on the transaction 51,000 loss $5,000 loss $1,000 gain No gain or loss