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8. (20 points) Fred is married and is paid weekly, he claims M-5 allowances. He earned $653 in gross pay this week and has $108,000

8. (20 points) Fred is married and is paid weekly, he claims M-5 allowances. He earned $653 in gross pay this week and has $108,000 in earnings to date prior to this pay period. How much Social Security, Medicare, and Federal Income Taxes (using percentage method) does he owe and what is his net pay? Use the tables above. (2018)

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