Kai offers to sell a rare book to penny for $1,000. penny wants to do more research first, but gives kai $10 to hold the book for her for a week so she can buy it at the end of the week if her research shows the book is worth it. kai takes penny’s $10 but dies the next day. penny notifies kai’s widow that she wants to buy the book anyway. does penny have the right to buy the book for $1,000?

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60