Question 5 2 points Federal income tax that is withheld each pay period from the employee's earnings is based on all of the folowing e O earnings of the employee O employee's age O number of withholding allowances O marital status Question6 2 points Sa The difference between merchandise available for sale and the end-of- period merchandise inventory is called net purchases O gross profit o cost of goods sold net sales 2 points Sav Question 7 The Sales Discount account is a(n) revenue account contra-revenue account expense account contra-expense account ^ search