PLEASE HELP :) ! Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 7% and the term is for 5 years.
What is the amount of interest paid?

A $2,100
B $420
C $21,000
D $30,000

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.