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An employee works 47 hours 7 are overtime during a workweek. He earns $39/hour with his employer paying 1.5 times the regular rate of pay
An employee works 47 hours 7 are overtime during a workweek. He earns $39/hour with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $126,550 during the year. He withhold 6% of gross pay to 401k. Need to know taxable income for Federal withholding, social security tax, and medicare tax.
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