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An employee receives an hourly rate of $27, with time and a half for all hours worked in excess of 40 during a week. Payroll

  1. An employee receives an hourly rate of $27, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; social security tax rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee?

    1. 713.75

    2. 764.75

    3. 873.77

    4. 935.15

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