1.On November 1, Carter Company signed a 120-day, 10% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note?Select one:a. Debit interest expense, $0; credit interest payable, $0.b. Debit interest expense, $100; credit interest payable, $100.c. Debit interest expense, $150; credit interest payable, $150.d. Debit interest expense, $200; credit interest payable, $200.e. Debit interest expense, $300; credit interest payable, $300.2.Input devices include journal entries, keyboards, scanners, and modems.Select one:TrueFalseRequired employee payroll deductions include income taxes, Social Security taxes, pension and health contributions, union dues, and charitable giving.Select one:TrueFalseFUTA requires employers to pay a federal unemployment tax on the first $7,000 in salary or wages paid to each employee.Select one:TrueFalseOff-the-shelf accounting software is not adequate to meet the needs of small businesses.Select one:TrueFalseEmployers can use a wage bracket withholding table to compute federal income taxes withheld from each employee’s gross pay.A special bank account used solely for the purpose of paying employees, by depositing in the account each pay period an amount equal to the total employees’ net pay and drawing the employees’ payroll checks on the account, is a(n):Select one:a. Federal depository bank account.b. Employee’s Individual Earnings account.c. Employees’ bank account.d. Payroll register account.e. Payroll bank account.The amount of federal income tax withheld depends on the employee’s annual earnings rate and the number of withholding allowances claimed by the employee.Select one:TrueFalse
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