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please help me i dont understand. please be careful my tewcher makes the questions wordy...

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Accounting

please help me i dont understand. please be careful my tewcher makes the questions wordy
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Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7.000 earned per employee. What is the actual payroll payment (Salaries Payable) for the first week of January? $4,792. $5,404. $8,000 $5,708 $5,205 On January 1, 2021, Jacob Inc. purchased a commercial truck for $60,000 and uses the straight-line depreciation method. The truck has a useful life of eight years and an estimated residual value of $8,000. On December 31,2022, the truck was exchanged for a new truck. At the time of the exchange the FMV of the old commercial truck was $42,000. In addition to trading in the old truck. Jacob Inc. also paid $30,000 of cash for the exchange. What amount of gain or loss should Jacob Inc. record on December 31,2022 ? Loss, $5,000 Loss, $4,000. Loss, $16,000. Loss, \$12,000. None of the above

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