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The Wet Dog Surf Company borrows $26,000 at 8.00% for 5 months. Calculate the total interest amount (rounded to the nearest penny) that Wet Dog

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The Wet Dog Surf Company borrows $26,000 at 8.00% for 5 months. Calculate the total interest amount (rounded to the nearest penny) that Wet Dog will pay. D E 1 2 Answer = 3 5 6 7 10 The Wet Dog Surf Company borrows $35,000 for 3 months and will pay $306.25 Interest. Calculate Wet Dog's Annual Percentage Interest Rate (APR) (rounded to two decimal places). A D E 1 2 Answer 3 5 6 7 8 9 10 If the Wet Dog Surf Company borrows $36,000 at 5.00% and there are 12 compounding periods per year, calculate Wet Dog's Effective Annual Rate (APY) of interest. B D E 1 2 Answer 3 4 5 6 7 8 10 Required Information Suppose Jim worked 80 hours during this payroll period and is paid $10.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%. Calculate Jim's net paycheck for the period. B D E 1 2 Net Paycheck 3 5 6 7 8 9 10 Suppose Jim worked 80 hours during this payroll period and is paid $10.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%. Calculate Jim's employer's payroll tax expense for the period. A B D 1 2 Payroll Exp 3 5 6 7 8 9 10 Suppose Jim worked 80 hours during this payroll period and is paid $10.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%. Calculate Jim's employer's total payroll tax liability for the period. B D E 2 Payroll Liab 4 5 6 7 8 9 10

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