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How much fica-oasdi tax will be withheld from employee pay

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An employee has? year-to-date earnings of $114,300. The? employee's gross pay for the next pay period is $5,800. If the FICA-OASDI is 6.2?% and the wage base is $118,500?, how much FICA-OASDI tax will be withheld from the? employee's pay?? (Answer is rounded to whole? dollar.)

Question 1: Jade Larson Antiques owes? $20,000 on a truck purchased for use in the business. Assume the company makes timely principal payments of? $5,000 each year at December 31 plus interest at? 8%. Which of the following is? true?

A. After the first payment is? made, $5,000 would be shown as the current portion due on the? long-term note.

B. After the first? payment, $15,000 would be shown as a? long-term liability.

C. After the first payment is? made, the company owes? $15,000 plus three? years' interest.

D. Just before the last payment is? made, $5,000 will appear as a? long-term liability on the balance sheet.

Reference no: EM132588350

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