Question
Assuming a FICA tax rate of 7.65% on the first $110,100 in wages, and a federal income tax rate of 20% on all wages, what
Assuming a FICA tax rate of 7.65% on the first $110,100 in wages, 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 $180,000 for the year?
Group of answer choices
$135,577
$126,141
$144,000
$134,564
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Certified Internal Auditor CIA Practice Of Internal Auditing Part 2- 2019
Authors: Muhammad Zain
1st Edition
1093798459, 978-1093798456
