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Check my w 9 Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a
Check my w 9 Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,938, The Federal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137,700 of employee earnings each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all carnings. The Federal Unemployment Taxes (FUTA) tax rate of 0.6% and the State Unemployment Taxes (SUTA) tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her carnings was $1,483.07. Her net pay for the month is: (Round your intermediate calculations to two decimal places.) eBook References Multiple Choice 56,715.17 $6,771.17 $6,337.17 O 56.900.77 17 Mayan Company had net income of $33.480. The weighted-average common shares outstanding were 9,300. The company declared a $4,000 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is: Multiple Choice $3.78 O $3.17 O $2.92 $3.60 Check 21 The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $10,300. What is the amount of total unemployment taxes the employer must pay on this employee's wages? Book Reterences Multiple Choice $618.00 O $556.20 $420,00 $0.00 22 On January 1 of Year 1, Congo Express Airways issued $3,100,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issuc price is $2,830,000 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $9,000 every six months. The amount of interest expense recognized by Congo Express Airways on the bond issue in Year 1 would be: eBook References Multiple Choice $199,000 $248,000 $ $217,000 O $117.500
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