Use the following to answer questions 11 - 13 The company provides cost effective solutions for managing regulatory requirements and environmental needs specific to the HVAC industry. Assume that on July 1st, the company borrows $600,000 by issuing a one-year note compounding annually. Interest is payable at maturity. 11. $ Determine the amount of interest expense that should be recorded in a year-end adjusting entry assuming a 4.0% interest rate and a fiscal year-end September 30. 12. $ Determine the amount of interest expense that should be recorded in a year-end adjusting entry assuming a 6.0% interest rate and a fiscal year-end December 31. 13. $ Determine the amount of interest expense that should be recorded in a year-end adjusting entry assuming a 4.25% interest rate and a fiscal year-end March 31. Use the following to answer questions 14 - 18 You have been working at a local distributor for the past couple of years. Your bi-weekly salary is $1,550. Your average income tax rate is 10% plus FICA taxes at 7.65%. Your employer provides health insurance to you which costs your employer $525.00 per pay and costs you $50 per pay (assume this is after tax). Determine the following based on your pay for your LAST paycheck of the year. 14. $ _How much will your employer withhold from your paycheck for federal income taxes? 15. $ How much will your employer withhold from your paycheck for FICA taxes? (round to two decimal places) 16. $ How much will your employer direct deposit into your bank account for your pay? (round to two decimal places) What is your total cost to your employer for the bi-weekly pay period? (round to two decimal 17. $ places) 18. $__ services? If you work 80 hours bi-weekly, what is the average hourly cost to your employer for your (round to two decimal places)