A machine costing $77,500 with a 5-year life and $4,700 residual value was purchased on January 2. Compute depreciation for each of the five years, using the double-declining-balance method.

Year		Depreciation
Year 1		$
Year 2		$
Year 3		$
Year 4		$
Year 5		$

Martin Jackson receives an hourly wage rate of $21, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 42; federal income tax withheld, $337; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson?

a.$1,255.27

b.$903.00

c.$498.28

d.$1,359.27