Question
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
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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 rate of 20% on all wages, what would be an employee's net pay for the year if he earned $190,200 for the year? a. $142,247
b. $142,430 c. $151,380 d. $141,516
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Laboratory Auditing For Quality And Regulatory Compliance
Authors: Donald C. Singer, Raluca-Ioana Stefan, Jacobus F. Van Staden
1st Edition
0367392461, 978-0367392468
