Calulale d of the year. The tax F riethe yanings per calendar year and the tax rate for FICA-Medicare is ECA withholding for an employee whose pay is $2,400 for the art om tax ate for FICA-Social Security is 62% of the first stis- $.500 1.45% of all earnings. 15) On September 15,skateworld borrowed $70,000 cash from Mutual Bank by signing a 6%, 60-day note payable. a. Prepare Skate World's journal entry to record the issuance of the note payable. b. Prepare SkaetWorld's journal entry to record the payment of the note at maturity