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Use the following to answer questions 9 and 10: Bedrock Company has one employee; Barney Rubble who earned $1,000 in the first week of January.

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Use the following to answer questions 9 and 10: Bedrock Company has one employee; Barney Rubble who earned $1,000 in the first week of January. The following amounts were withheld from Barney's paycheck; $250 for federal income tax, $60 for social security taxes, and $15 for medicare taxes. In addition, state unemployment taxes of $52 and federal unemployment taxes of $8 are due as a result of wages paid to Barney. Barney Rubble's net pay for the week is: A. $1,000 $750 $675 $615 C D. Bedrock Company's payroll tax expense for the week is: A. $75 B. $135 $325 $385 D. When a company issues bonds on the first day of its fiscal year and amortizes any discount or premium using the straight line method, the total amount of interest expense reported on the income statement each year for these bonds will: A.. increase as the bonds get closer to maturity; decrease as the bonds get closer to maturity; remain the same through the life of the bond; D. increase or decrease depending upon market rate of interest each period. B. If the market (effective) rate of interest is 8%, bonds with a maturity value of $100,000 that pay a 10% contract (stated) rate of interest will sell for: A. $100,000; more than $100,000; less than $100,000; more than or less than $100,000, depending on the maturity date of the bonds B. C

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