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As soon as possible please both of question Page 6 Principles of Accounting 1 V. NOTES RECEIVABLES-9 Points) Date of Note Face March 10 Det

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Page 6 Principles of Accounting 1 V. NOTES RECEIVABLES-9 Points) Date of Note Face March 10 Det ermine the due date, the amount of interest and maturity value of the following notes: Term of Int Due Date Rate Interest Due Maturity Not Value ount $3,000 | 90days | 496 May 2 s5,000l 60 days | 6% Apol 13 1 S6-0001 75days ! 5% During the Bill Bailey is paid $12 per hour, plus time-and-one-half for hours over 40 for a given week. week of February 12, Bill worked 48 hours. FICA taxes are 5%, SSO is withheld for federal income taxes, $22 is withheld for state income taxes, and $15 is withheld for city income tax from his gross pay. In addition, Bill's employer must pay FICA taxes of 5% state unemployment taxes of 25 % and federal unemployment taxes of 1.25% of his gross pay. Calculate the following (Bill's cumulative salary to date is $5,000. Round off your answers to two decimal places). (12 points) VI a. Bill's gross pay b. Bill's net pay or take home pay c. The employer's payroll taxes expense d The total cost ofemploying Bill for the week

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