The payroll records of Clix Software show the following information about Trish Farqua, an em ployee, for
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The payroll records of Clix Software show the following information about Trish Farqua, an em¬ ployee, for the weekly pay period ending September 30, 2005. Farqua is single and claims one al¬ lowance. Compute her Social Security tax (6.2%), Medicare tax (1.45%), federal income tax with¬ holding, 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.
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Fundamental Accounting Principles
ISBN: 9780072946604
17th Edition
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
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