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Assuming a FICA tax rate of 7.65% on the first $127.200 in wages, 1.45% on amounts in excess of $127.200, and a federal income tax
Assuming a FICA tax rate of 7.65% on the first $127.200 in wages, 1.45% on amounts in excess of $127.200, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year it he earned $166000 for the year? O $123850 $122507 O $132090 O $132800
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
2nd edition
978-0078025518
