Multiple choice. Select the correct letter.

1. Brad's gross pay for the month is $15,400. His deduction for federal income tax is based on a rate of 18%. He has no voluntary deductions. His year-to-date pay is under the limit for OASDI. What is Brad's net pay? (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

A) $11,450 B) $15,400 C) $12,628 D) $14,2222

2.On July 1, 2019, Reliable Services issued $39,000 of 15% bonds that mature in five years for $64,000. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2019, what is the total amount paid to bondholders?

A) $5850 B) $4800 C) $9600 D) $2925