The employee earns $1,000 for the first week of the year. The company will record unemployment tax expense in the amount of: $62.00 $76.50 $153.00 $0, the company does not incur unemployment tax, only the employee does. Question 5 0.2 pts What makes a liability a current llability? It matures more than a year, or the operating cycle, whichever is longer. It will be paid with a long term asset. It will come due within a year of the balance sheet date. All of the answers describe what makes alubility current. Time Value of Money (TVM) Use your financial calculator or the factor table from Module 8, when needed. Question 6 0.2 pts What is the difference between present value and future value? Which of the following statements Is FALSE? The future value includes Interest The present value strips Interest away does not include Interest) There is no difference between the present value and future value. A dollar invested today will be worth more in the future than a different dollar invested at a later date