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Question 1 5 pts The interest charged by the bank at a rate of 12% o a 90-day , non-interest-bearing note payable for $75,000 is
Question 1 5 pts The interest charged by the bank at a rate of 12% o a 90-day , non-interest-bearing note payable for $75,000 is $3,000 $9,000 $2,250 $1,000 D Question 2 5 pts An employee's rate of pay is $8 per hour, with time and a half for hours worked in excess of 40 during a week. If the employee works 50 hours during a week and has social security tax withheld at a rate of 6.0%, Medicare tax withheld at a rate of 1.5%, and federal income tax withheld at a rate of 15%, the employee's net pay for the week is: $341 $374 O $440 $310 D Question 3 5 pts During the current pay period, an employee earned $2,000. Prior to the current period, the employee earned (in the current year) $99,500. If the social security tax is 6.0% on the first $100,000 of annual earnings and the Medicare tax rate is 1.5% on all earnings, what is the total amount of social security tax and Medicare tax to be to be withheld from the employee's pay this period? none of these $60 $120 $150 D Question 4 5 pts Using the social security and Medicare tax rates and maximum bases in the previous question, compute the total amount to be withheld from the employee's pay this period if the employee earned $3,000 this pay period. Prior to the current period, the employee earned $137,800. $225 $180 $45 none of these
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