QUESTION 49 Obligations not expected to be paid within the longer of one year or the company's operating cycle are reported as: O A. Current assets. O B. Current liabilities. O C. Long-term liabilities. O D. Operating cycle liabilities. O E. Bills. QUESTION 50 Sales taxes payable is reported as an): O A. Estimated liability. B. Contingent liability. OC. Current liability. O D. Business expense. O E. Long-term asset. QUESTION 51 FICA taxes include: O A. Social Security and Medicare taxes. O B. Charitable giving. O C. Employee state income tax. O D. Federal and state unemployment taxes. O E. Farming income crop adjustment taxes. QUESTION 52 The Federal Insurance Contributions Act (FICA) requires that each employer file a: O A. W-4. OB. Form 941. O C. Form 1040. O D. Form 1099. E. W-2