John Wolfes weekly gross earnings for the week ending September 5 were $2,200, and his federal income

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John Wolfe’s weekly gross earnings for the week ending September 5 were $2,200, and his federal income tax withholding was $444.88. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Wolfe’s net pay?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 06:23 AM

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John Wolfes weekly gross earnings for the week ending September 5 were $2,200, and his federal income

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Total wage payment 220000 Less Federal income t...View the full answer

Financial Accounting

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