=+PE 11-3A Employee net pay obj. 2 EE 11-3 p. 492 Chapter 11 Current Liabilities and Payroll

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=+PE 11-3A Employee net pay obj. 2 EE 11-3 p. 492 Chapter 11 Current Liabilities and Payroll 513 Robert Clowney’s weekly gross earnings for the week ending September 5 were $800, and his federal income tax withholding was $102.95. Prior to this week, Clowney had earned $24,000 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 Clowney’s net pay?

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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