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8. Complete the following payroll register. Calculate FIT by the percentage method for this weekly period; Social Security and Medicare are the same rates as
8. Complete the following payroll register. Calculate FIT by the percentage method for this weekly period; Social Security and Medicare are the same rates as in the previous problem. No one will reach the maximum for FICA. (Use the tables on Page 250.) Employee Marital Allowances Gross FIT FICA Net Pay Status Claimed Pay S.S Med. Mike Rice M 2 $1,600 b. Pat Brown M 4 $2,100 a. Rate Total Amount Total Interest 1. Calculate the following (Round to the nearest cent): Principal Time Rate of Compounded Periods (years) Compound Interest a. $1,600 2 6% Semiannually b. $2,000 2 8% Quarterly c. $1,600 2 6% Quarterly d. $2,000 2 8% Semiannually
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