6: Bananas company purchase a piece of land for natural resources at a cost of $2,000,000. It is expected to mine 900,000 tons of ore from this land. The salvage value is expected to be $200,000. The depletion expense per ton or ore is: Cost-Salvage Value Total units of Production. 2,000,000-20 900,000 7: Kiwi company has 3 employees: A, B and C. We know the following: B C Salary A Wages Regular Earnings Rate $40/hour Wages $50/hour $6,000/week Overtime Earnings Rate 1.5 1.5 NA Federal Income tax W/H State Income tax Rate Social Security Rate $400 $425 $1,000 4.50% 4.50% 4.50% 6.20% 6.20% 6.20% Medicare Rate Hours Worked 1.45% 1.45% 1.45% 38 45 48 Calculate the Gross Pay and the Net Pay for Each Employee. OT is anything over 40 hours/week. Round to the nearest whole dollar. Gross Pay Fed Net Pay A $38+ kot 152 $400 $425 B C 8,800 $1,000