Compute payroll an employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. assume that the employee worked 50 hours during the week. assume that the fica tax rate is 7.5% and that federal income tax of $354 was withheld. a. determine the gross pay for the week. $ b. determine the net pay for the week. round intermediate calculations and your final answer to the nearest cent, if rounding is required. $

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

False according to edgenuity