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Keith, an employee of Sunbeam, Inc., has gross salary for May of $13,000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 20%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%. Round the final answer to the nearest dollar.) A. credit to Cash for $9,406 B. debit to Employee Income Tax Payable of $9,406 C. debit to FICA Tax Payable of $9,406 D. debit to Cash for $9,406 Jason's gross pay for the week is $1,800. His year - to-date pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Jason's year to-date pay has not yet exceeded the $7,000 cap. What is the total amount of payroll taxes that his employer must record as payroll tax expenses? (Do not round your intermediate calculations. Assume a FICAMOASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) A. $245.70 B. $111.60 C. $101.70 D. $221.44 Hank earns $20.50 per hour with time - and-a-half for hours in excess of 40 per week. He worked 53 hours at his job during the first week of March 2018. Hank pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.) A. $683.16 B. $756.75 C. $1,036.79 D. $943.48 Willson Glassware Company issues $1,016,000 of 15%, 10-year bonds at 93 on February 28, 2019. The bond pays interest on February 28 and August 31. On August 31, 2019, how much cash did Willson pay to the bondholders? O A. $74,295 B. $76,200 C. $152,400 D. $78,105

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