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Bill's gross pay for the week is $1,250. His deduction for federal income tax is based on a rate of 25%. He has no voluntary
Bill's gross pay for the week is $1,250. His deduction for federal income tax is based on a rate of 25%. He has no voluntary deductions. His yeartodate pay is under the limit for OASDI. What is the amount of FICA tax that will be withheld fromBill's pay?(Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%.
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