All of the following are employer payroll taxes except: a. State unemployment tax. b. Federal…

All of the following are employer payroll taxes except: a. State unemployment tax. b. Federal unemployment tax c. Federal income tax equal to that withheld from employees d. Social Security tax equal to that withheld from employees. e. Medicare tax equal to that withheld from employees. Conti's Tire Sales had fixed interest expense of $22,250, its income before interest expense and income taxes is $67,000, and its net income is $36,800. The company's times interest earned ratio equals: a. 1.8 b. 2.4 d. 3.4 Boles Industrial issued a $75.000.6%,-140-day note payable to Johnson Company on June What is the due date of the note? a. October 28 b. October 27 c. October 26 d. October 25 Loftus Inc. recorded the following information for the pay period of June 15-30: Gross payroll $16,000 Federal income tax ,000 Social security Medicare rate 6% 1.5% Federal unemployment State unemployment 0.8% 5.4% Assuming no employees are subject to ceilings for taxes on their earnings, Salaries Payable would be recorded for a. $16,000 b. $9,808 c. $10,800 d. $11,040  

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