Leah Wilson's weekly gross earnings for the week ending September 5 were ($ 600), and her federal

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Leah Wilson's weekly gross earnings for the week ending September 5 were \(\$ 600\), and her federal income tax withholding was \(\$ 65.85\). Prior to this week, Wilson had earned \(\$ 21,500\) 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 Wilson's net pay?

objs. \(2,3,4\)

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Financial Accounting

ISBN: 9780324380675

10th Edition

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

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