2 quick questions, 5 starts and a thumbs up for the best answer. Thanks!

What is the contractual interest rate of the following bond? After 1 year: Face Value of Bond: $2,500, 000 Interest Expense to be recorded: $290, 000 Premium amortization in year 1: $ 10, 000 Market Interest Rate: 10% Problem #5: Payroll and Payroll Taxes Payable All Star Corporation's employees earned $70, 000 in August 2014. The withholdings related to these wages were $7,392 for federal income tax, $5,380 for Social Security, $400 for state unemployment taxes, $3,500 for state income tax, and $230 for federal unemployment taxes. Prepare the August 31, 2014 journal entry to record the salaries and wages expense