Answer these questions thoroughly and deeply.

1. If a business purchases a piece of machinery on January 1 for $150,000 that has an expected life of 10 years, how much would be depreciated during the first year using straight-line depreciation? 2. If a business purchases a piece of machinery on January 1 for $150,000 that has an expected life of 10 years, how much could be depreciated during the first year using section 179 depreciation? 3. If the sales tax rate is 7% and a customer purchases an item in the store for $32.99, how much sales tax should be collected? 4. If the sales tax rate is 6.5% and an out-of-state customer makes an internet purchase for $89.37, how much sales tax should be collected?

For problems 5 to 8, assume that the federal income tax withholding rate is 15%, the state income tax withholding rate is 5%, and the Social Security and Medicare tax rate for both the employer and the employee is 7.65%.

5. If an employee is paid a salary of $50,000 per year, after Social Security and Medicare taxes, what is the cost of the employee to the business? 6. If an employee is paid a salary of $1,000 per week, how much will the employer withhold from the employee's check? 7. If an employee is paid a salary of $1,000 per week, how much will the employer remit in payroll tax payments? 8. If an employee is paid a salary of $1,000 per week, what is the employee's take-home pay after taxes?