Two 1,00 . bonds, with interest at 8 on March 1 and September 1, were purchased on October 8 at 104 plus accrued interest. Compute the entire purchase cost of the bonds. (Assume a 360-day year and a commission of 5 per bond.)
Q. 2Jordon Wilson lives in a state having a sales tax of 5. Compute the amount of tax he will pay on a purchase of 285.60.
Q. 3A 1,00 . bond, with interest at 8 on January 1 and July 1, was sold on September 4 at 103 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of 5 per bond.)
Q. 4Smith Gym employed Garcia Young for 20 weeks during the first quarter of the year. Her salary was 500 per week. Compute the FUTA and SUTA taxes Smith Gym must pay on Young's wages for the quarter, assuming that the state rate was 5.6?
Q. 5A 1,00 . bond, with interest at 8 on January 1 and July 1, was purchased on September 30 at 97 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of 5 per bond.)
Q. 6Kelly Interiors employed Jason Baker for 13 weeks during the first quarter of the year. His salary was 680 per week. Compute the FUTA and SUTA taxes Kelly Interiors must pay on Baker's wages for the quarter, assuming that the state rate was 5.8?
Quick Reply
