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Compute the net pay for each employee using the federal income tax withholding table included. Assume that FICA OASDI tax is 6.2% on a wage
Compute the net pay for each employee using the federal income tax withholding table included. Assume that FICA OASDI tax is 6.2% on a wage base limit of $127,200, Medicare isn1.45% on all earnings, the payroll is paid biweekly, and no state income tax applies.
Employee | Status | Allowances | Cumulative Pay | Biweekly Pay |
Yan Liben | Single | 1 | $61,000 | $1,650 |
Mary Pinney | Single | 0 | $60,500 | $1,560 |
SINGLE Persons-BIWEEKLY Payroll Period ttpsi/mylab.pearson.convStudent/PlayerHomework aspx?homeworkld-638157781\&questionld-2sflushed N25/23, 11:48 PM Data Table
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