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An employee receives an hourly rate of $40, with time and a half for all hours worked in excess of 40 during a week. Payroll
An employee receives an hourly rate of $40, 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, 42; Federal income tax withheld, $340; Social security tax, 6%; and Medicare tax rate, 1.5%. What is the net amount to be paid to the employee? a. $1,327.00 O b. $1,251.00 O c. $1,340.00 O d. $1,380.00
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