Total questions: 5 Total incorrect: 2 View student answer(s) During the year, Murray, a sole proprietor, paid the expenses shown in the following table. Each of the expenses is assumed to be ordinary, necessary, and substantiated while engaging in an activity for profit, unless otherwise noted. Determine the amounts that are deductible as a business expense reported on Schedule C. For each item, enter the appropriate amounts in the associated cells. If the amount is zero, enter a zero (O). pled/assessment/tbstask.php?tabID=32434&shiD-2716389) Expense Amount Amount deductible on Schedule C 1. Property taxes paid on Murray's 100% personal use principal $1,620.00 residence 2. Wages paid to Murray's employees $15,400.00 3. Amount paid for a dinner, which Murray attended, thanking his $350.00 customers 4. Contributions to the campaign of a $1.000.00 candidate for governor 5. Interest paid on a loan used to purchase bonds issued by the state $2,750.00 of Texas Total questions: 5 Total incorrect: 5 View student answer(s) Task A taxpayer employing both full-time and seasonal employees must determine the appropriate amounts of FICA and FUTA taxes to pay for (or withhold from) the employees. For each situation given, calculate the correct amount to be paid or withheld based on the current year's rates. For each item, enter the appropriate amounts in the associated cells. If the amount is zero, enter a zero (0). pled/assessment/tbstask.php?tabID=32436&shID=2716389) Situation Amount Paid or Withheld 1. FICA tax withheld by employer on wages of $60,000 paid to an employee. 2. Taxpayer's employer's share of FICA for self- employment income of $150,000. 3. FUTA tax on $5,000 of wages for seasonal employee who only worked during the third quarter of the year. 4. FUTA taxes on $6,000 of wages for seasonal employee for the first quarter of the year. 5. FUTA taxes on $60,000 of wages for full-time employee from Jan-Dec