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1) On May 1,2021 Spacely Sprockets borrows $150,000 with a 6% annual interest rate. Spacely will repay the loan on May 1, 2022 along with

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1) On May 1,2021 Spacely Sprockets borrows $150,000 with a 6% annual interest rate. Spacely will repay the loan on May 1, 2022 along with the interest. For what amount will Spacely show for interest expense in 2021? Question 2 1 pts Use the following information to answer questions 5 through 4. Sandy, Inc, has total payroll for the month of December of $260,000. Of that amount, $6,000 is NOT subject to the the FICA (Social Secuity) tax. Federal income tax withholdings are 18%, state income tax withholdings are 4.5%, the Social Security tax rate is 6.2% the Medicare tax rate is 1.45%. 2) What amount does Sandy withhold only for the FICA tax

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