What is cash from financing activities for Felix Company?
a. 50
b. 65
c. (50)
d. 60
Question 2
Sally Marks has cumulative earnings of 112,500 and earns 5,500 during the current pay period. If the FICA rate is 6.2 for Social Security, with a limit of 113,700, and 1.45 for Medicare, applied to all earnings, the total FICA tax to be withheld for this pay period is:
a. 154.15
b. 420.75
c. 74.40
d. 79.75