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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 42
Employee net pay
Lindsey Vater's weekly gross earnings for the week ended March 9 were $1,000, and her federal income tax withholding was $161.20. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay?
Lindsey Vater's weekly gross earnings for the week ended March 9 were $1,000, and her federal income tax withholding was $161.20. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay?
Explanation
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Net Pay is the amount received by the em...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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