Candy Canes weekly gross earnings for the week ended May 23 were $1,370, and her federal income

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Candy Cane’s weekly gross earnings for the week ended May 23 were $1,370, and her federal income tax withholding was $187.88. Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Cane’s net pay?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 09, 2021 02:02 PM

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Candy Canes weekly gross earnings for the week ended May 23 were $1,370, and her federal income

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Accounting

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