Response to the following questions:
1. What three items determine the amount deducted from an employee's wages for federal income taxes?
2. What is a wage bracket withholding table?
3. Which of the following items are normally classified as a current liability for a company that has a 15-month operating cycle?
1. Salaries payable.
2. Note payable due in 19 months.
3. FICA taxes payable.
4. Note payable maturing in 3 years.
5. Note payable due in 10 months.
6. Portion of long-term note due in 15 months.