Albert,the accountant,has been asked by his boss to calculate the net pay for each of Pinnock Company's three employees.Albert has gathered the following information about payroll for the period:
Required: Calculate the net pay for each of the employees.Assume that FICA (Social Security)taxes are withheld at the rate of 6.2% of gross pay and that Medicare taxes are withheld at the rate of 1.45% of gross pay.

Question

Albert,the accountant,has been asked by his boss to calculate the net pay for each of Pinnock Company's three employees.Albert has gathered the following information about payroll for the period:
  Required: Calculate the net pay for each of the employees.Assume that FICA (Social Security)taxes are withheld at the rate of 6.2% of gross pay and that Medicare taxes are withheld at the rate of 1.45% of gross pay.

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The Answer of Albert,the accountant,has been asked by his boss to calculate the net pay for each of Pinnock Company's three employees.Albert has gathered the following information about payroll for the period:
  Required: Calculate the net pay for each of the employees.Assume that FICA (Social Security)taxes are withheld at the rate of 6.2% of gross pay and that Medicare taxes are withheld at the rate of 1.45% of gross pay.

Albert,the Accountant,has Been Asked by His Boss to Calculate the Net