The payroll records of One Click Software show the following information about Keisha LeShon, an employee, for
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The payroll records of One Click Software show the following information about Keisha LeShon, an employee, for the weekly pay period ending September 30, 2008. LeShon is single and claims one allowance. Compute her Social Security tax (6.2%), Medicare tax ( 1.45%), federal income tax withholding, state income tax (0.5%), and net pay for the current pay period. The state income tax is 0.5 percent on the first \($9,000\) earned. (Use the wage bracket withholding table in Exhibit 9.4 for the amount of federal income tax to withhold.)
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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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