1. Interest payable on a loan becomes a liability:
   1. When the note payable is issued
   2. As it accrues
   3. At the maturity date
   4. When the borrowed money is received
2. An employers total payroll-related costs always exceed the wages and salaries earned by employees by:
   1. Amounts withheld from employees pay
   2. Payroll taxes and mandated programs such as workers compensation insurance
   3. 50%
   4. None of the above. Employers payroll-related costs actually are less than the gross wages and salaries earned by employees, because of amounts withheld from employees checks.
3. Bonds, with the same face value, issued at a premium will:
   1. Have a greater maturity value than a bond issued at a discount
   2. Have a lesser maturity value than a bond issued at a discount
   3. Have the same maturity value as a bond issued at a discount
   4. Have a different maturity value than a bond issued at a discount, depending upon the interest rate and maturity date