1. Your salary is $2,000 every two weeks. Your employer provides health insurance which costs them $500 and you $50 every pay. You are in the 20% income tax bracket and are subject to FICA taxes (7.65%). What amount will be deposited into your bank account from your first pay? $_ 2. The corporation borrowed $125,000 at 6% interest for 6 months from the bank on September 1", this year. They will pay off the borrowing and all interest when the note matures in 6 months. When the accountant prepares their December 31 balance sheet, at what amount will they report for interest payable?

1. Your salary is $2,000 every two weeks. Your employer provides health insurance which costs them $500 and you $50 every pay. You are in the 20% income tax bracket and are subject to FICA taxes (7.65%). What amount will be deposited into your bank account from your first pay? 2. The corporation borrowed $125,000 at 6% interest for 6 months from the bank on September 1st,, this year. They will pay off the borrowing and all interest when the note matures in 6 months. When the accountant prepares their December 31st balance sheet, at what amount will they report for interest payable