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1.) The Wet Dog Surf Company borrows $39,000 for 5 months and will pay $1,625.00 interest . Calculate Wet Dog's Annual Percentage Interest Rate (APR)
1.)
The Wet Dog Surf Company borrows $39,000 for 5 months and will pay $1,625.00 interest . Calculate Wet Dog's Annual Percentage Interest Rate (APR) (rounded to two decimal places).
2.) Suppose Jim worked 61 hours during this payroll period and is paid $15.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%.
Calculate Jim's net paycheck for the period.
Calculate Jim's employer's payroll tax expense for the period.
Calculate Jim's employer's total payroll tax liability for the period.
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