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On May 15, Franklin Co, borrowed cash from Dakota Bank by issuing a 120-day note with a face amount of $78,000, Assume a 360 -day

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On May 15, Franklin Co, borrowed cash from Dakota Bank by issuing a 120-day note with a face amount of $78,000, Assume a 360 -day yeare. Required: a. Determine the proceeds of the note, assuming that the note carries an interest rate of 10%. b. Determine the proceeds of the note, assuming that the note is discounted at 10%. Federal Income Tax Withholding Bob Dunn's weekly gross eamings for the present week were \$22,120. Dunn has two exemptions, Using the wage bracknt withholding table in Exhibiz ? with a $81 standard withholding allowance for each exemption, what is Dunn's federal income tax with places. Colin Friedman's weekly gross earnings for the week ended April 22 were $1,302, and his federal income tax withholding was $234.36, Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Colin's net pay? Round your answer to two decimal places

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