Question
Employee net pay Lindsey Vaters weekly gross earnings for the week ended March 9 were $2,920, and her federal income tax withholding was $525.60. Assuming
Employee net pay
Lindsey Vaters weekly gross earnings for the week ended March 9 were $2,920, and her federal income tax withholding was $525.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? For interim computations, carry amounts out to two decimal places. Round your final answer to two decimal places.
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
