QUIZ F-revised - QUIZ F CLASS: Student Number: 1. Known...

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QUIZ F CLASS: Student Number: Student Name: 1. Known liabilities: A. Include accounts payable, notes payable, and payroll. B. Are obligations set by agreements, contracts, or laws. C. Are measurable. D. Are definitely determinable. E. All of these. 2. Liabilities involve addressing issues of: A. When to pay. B. Whom to pay. C. How much to pay. D. All of these. E. Both (A) and (C) only. 3. FICA taxes include: A. Social Security taxes. B. Charitable giving. C. Employee income taxes. D. Unemployment taxes. E. All of these. 4. An employee earned $62,500 during the year working for an employer. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? A. $101.50 B. $56.00 C. $378.00 D. $434.00 E. $0.00 5. Stockholders' equity consists of: A. Long-term assets. B. Paid-in capital and retained earnings. C. Paid-in capital and par value. D. Retained earnings and cash. E. Premiums and discounts. 6. The statement of retained earnings may be combined with the: A. Statement of Cash Flows. B. Balance Sheet.
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C. Statement of Stockholders' Equity. D. All of these. E. None of these. 7. The dividend yield is computed by dividing: A. Cash dividends per share by earnings per share. B. Earnings per share by cash dividends per share.
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This note was uploaded on 11/07/2010 for the course BBA 1023 taught by Professor Luoyi during the Spring '10 term at University of Macau.

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QUIZ F-revised - QUIZ F CLASS: Student Number: 1. Known...

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