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1.0 (5 Points) Shannons weekly gross earnings for the week ending December 7 were $2,500, and the federal income tax withholding was $525. Prior to

1.0 (5 Points)

Shannons weekly gross earnings for the week ending December 7 were $2,500, and the federal income tax withholding was $525. Prior to this week Shannon had earned $98,000 for the year. Assuming the social security rate is 6.0% and Medicare is 1.5%, what is Shannons net pay?

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