Posted by
**jon** on
.

The tooal amount of interest on a loan of 6,000 for 150 days is 210.50.using the ordinary interest(360 days)method,what is the rate of interest on the loan.Round off answer to the nearest hundredth.

I think it is 8.42%

Darrell owns a consulting business and has an estimated annual income of 63,000.His Social Security tax is 12.4%,Medicare is 2.9%,and his estimated federal income tax rate is 22%.How much quarterly estimated tax must Darrell send to the IRS for the first quarter?

I have 5,874.75

Could someone check these to see if I am right.