Hello, can someone please help me with this question. I am on my break from work and i wanted to study before i go back to work. Thank you so much.

Davis and Thompson have earnings of $974 each. The social security tax rate is 6.0%, and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period?

a.$29.22

b.$110.00

c.$55.00

d.$146.10

Chang Co. issued a $48,900, 120-day, discounted note to Guarantee Bank. The discount rate is 9%. Assuming a 360-day year, the cash proceeds to Chang Co. are ______ .

Round your answer to the nearest whole dollar.

a.$48,900

b.$49,267

c.$53,301

d.$47,433