Employee Net Pay Kenneth Inverness's weekly gross earnings for the week ending March 9 were $2,860,...
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Employee Net Pay Kenneth Inverness's weekly gross earnings for the week ending March 9 were $2,860, and her federal income tax withholding was $543.40. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Inverness's net pay? If required, round your answer to two decimal places. Employee Net Pay Kenneth Inverness's weekly gross earnings for the week ending March 9 were $2,860, and her federal income tax withholding was $543.40. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Inverness's net pay? If required, round your answer to two decimal places.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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