Don Truett's weekly gross earnings for the week ending December 18 were $1,680, and his federal income

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Don Truett's weekly gross earnings for the week ending December 18 were $1,680, and his federal income tax withholding was $298.51. Prior to this week, Truett had earned $99,000 for the year. Assuming the social security rate is 6% on the first $100,000 of annual earnings and Medicare is 1.5% of all earnings, what is Truett's net pay?

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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